A grid like strategy with dynamic trading targets and integrated trailing for both buying and selling.
The idea of this strategy is to always be in a position, use market orders only, average down when prices goes down, take profit when price exceeds break even. And do so with an absolute minimum number of settings.
When you run spotGrid on a pair in an uptrend, this is the kind of trading behavior to expect:
Let's break down what actually happens:
When the strategy first runs and there is no balance to sell, it immediately places a market buy order
If price goes down and it exceeds the spotGrid line in the chart, buy trailing is activated. As soon as trailing finishes, a buy order is placed. The break even price is now lower.
If price reaches the Sell target on the chart, sell trailing is activated and the complete position is sold at profit when trailing finishes.
After having sold, the strategy immediately starts buy trailing. If price goes up it will quickly open a new position, if price goes down it will place a buy order below the last sell rate.
You will see that the first few buy orders happen fairly quickly when price starts going down. After a few trades, the price distance between buy orders gets much bigger. All targets are set automatically.
When the market goes down, the strategy starts to accumulate units at ever lower prices:
The bot will continue to accumulate until max buy count is hit, or when it run out of available funds. Every new buy order will lower the break even price. As soon as price hits the sell target and finishes trailing above break even, a sell order is placed.
Balance management is very important, make sure you can afford the planned number of buy orders.
Using the advanced strategy editor: create a new strategy and select spotGrid as buy and sell method
Using Easy Edit: create a new strategy and select spotGrid as buy method
To use spotGrid, there are just three essential settings:
The amount to invest per buy order.
On an USDT-BTC pair, a trading limit of 20 means that every buy order is for 20 USDT. Always make sure that trading limit is set higher than min volume to sell.
Max buy count
Limits how many buy orders are allowed.
Setting a max buy count of 10 means that the bot may do up to 10 buy orders in a row, to average down in ever increasing price distance.
Min volume to sell
To ignore tiny balances.
Set this to the minimum order size of the pair, to make the bot ignore small balances that cannot be sold.
for futuresGrid only
Max open contracts
Limits position size
On an USDT-BTC pair, setting max open contracts to 0.1 means that no buy order gets fired if it would result i the total position exceeding 0.1 BTC.
There are a few more settings that can optionally be used with this strategy, described below
There are a few additional settings you can use with this strategy.
Stop after next sell
To stop trading a pair after the position closes
When enabled, no buy orders are placed when there is no balance left to sell.
Averaging down of the current position continues.
Activates dynamic sell target
Enabled by default. The dynamic target is based on the distance between support and resistance, capped at a minimum profit of 2x trading fees. The target decreases when position size increases. Overrules a manually set target.
Manual sell target value
Set a manual sell target, as a percentage above the break even price. The sell target is where trailing starts. With 0.5 as value, the sell target is 0.5% above break even.
Controls the distances between buy orders
Can be used to increase or decrease the distance between buy orders.
The default value 1 means that the hardcoded levels are used.
1.5 would increase the levels with a factor 1.5x, a value of 0.5 would halve the default levels.
Sets the chart interval
The default period is 15. Make sure to only use supported period values.
How many candles are used for calculating support and resistance levels
By default 50 candles are used to calculate support and resistance.
Keep a number of units when selling
By setting keep quote at any number above 0, this number of units will be held back when the next sell order happens.