Bibox USDT-M Neutral Futures Grid Tutorial [APP]

How to use USDT-M neutral futures grid?

1.Open Bibox APP and click "Trading Bot" on the homepage.

2.Select “USDT-M Neutral Futures Grid” in the strategy list, and click to enter the Create Strategy page.

3.Set various parameters on the secondary page (including selecting trading pairs, setting leverage, grid mode, price range, grid quantity, input initial margin or sliding to determine the investment assets, and set the trigger price and trigger type, stop loss price and trigger type in advance according to actual needs). Click "Create a grid strategy" to run USDT-M neutral futures grid strategy.

4.After the grid is running, you can see the current running grid information in "In operation" - "USDT-M Neutral Futures Grid".

5.About viewing the order history, you can see the grid information of historical orders in "Quantitative history" - " USDT-M Neutral Futures Grid ".

USDT-M Neutral Futures Grid Strategy Principle:

According to the set parameters, the initial pending order price, the number of pending orders and each fund are calculated and the initial pending order is placed. When a pending order is filled, the closing price is calculated according to the equal spread/ratio price interval, and the reverse pending order is placed in the opposite direction. Thereby relying on market fluctuations to buy low and sell high to earn.

The initial placement order first determines the price of the pending order according to the set parameters. According to the latest market price, a sell order is placed at a price higher than the latest market price, and a buy order is placed at a price lower than the latest market price, waiting to open a position.

Note: The initially created grid price is not equivalent to holding a position, and the pending order position closest to the latest market price is left blank and no pending order is placed.

Parameter Explanation:

Pending Order Mode: This represents your pending order mode selection for the USDT-M neutral futures grid.

• Equal Spread: equal spread per grid.
• Equal Ratio: the price ratio of each grid is equal.

Leverage: If the initial margin is invested 100U and 5 times leverage is selected, there will be 500U funds running in the neutral futures grid strategy. Currently, the supported leverage range: 1-5 times.

Price range: The running range of pending orders on the neutral futures grid. Within the price range, a short order is placed when it is higher than the latest transaction price, and a long order is placed when it is lower than the latest transaction price. The pending order position closest to the latest market price is left blank and no pending order is placed.

Grid Quantity: The number of pending orders. The larger the number of pending orders, the denser the grid. The times of selling high and buying low will be more. Currently supported quantity range: 2 - 50 grids.

Initial Margin: The initial funds used to run the grid.

Indicator explanation:

Creation Time: The time the grid was created.

Trading Pair: The currency pair that executes the grid strategy.

Initial Margin: The initial investment used to run the grid.

Running time: The time the grid was running.

Grid status:

• Initialization: Grid strategy calculation funds pending order initialization, if it is initialized for a long time, please contact official customer service.
• Running: initialization completed, normal operation status.
• Under settlement: The grid strategy is terminated due to active or passive reasons, and the running grid strategy is settled.
• Done: Grid strategy settlement completed.

Operate:

• Terminate: Click to actively terminate the grid strategy.
• Details: Click to view grid strategy details.

Running: The time the grid strategy was run.

Strategy Number: The number of the grid strategy.

Total investment: total investment = initial margin * leverage

Mode: strategy pending order mode selection.

• Equal spread: the spread of each grid is equal.
• Equal ratio: the price ratio of each grid is equal.

Profit per grid / Profit per grid (estimated value, for reference only):

Equal spread grid:

• Minimum revenue per grid=[1+(Grid upper limit-grid lower limit)/(grid number*grid upper limit)]*(1- fee%)^2-1
• Maximum revenue per grid=[1+(Grid upper limit-grid lower limit)/(grid number*grid lower limit)]*(1- fee%)^2-1

Equal ratio grid:

• Revenue per grid=(Grid upper limit/grid lower limit)^(1/grid amount)-1-2* fee%

Leverage: If the initial margin is invested 100U and 5 times leverage is selected, there will be 500U funds running in the neutral contract grid strategy. Currently supported leverage range: 1 - 5 times.

Grid Quantity: The number of pending orders. The larger the number of pending orders, the denser the grid. The times of selling high and buying low will be more. Currently supported quantity range: 2 - 50 grids.

Quantity per transaction: Quantity per transaction = N * Initial margin * Leverage / Summation (pending order price) N = 0.95, which will be adjusted at any time according to market conditions (the actual quantity is subject to the accuracy of the market)

Price Range: The price range in which the grid strategy runs.

Grid Profit/Revenue (Finished): The theoretical profit of the completed grid transaction. (It may be slightly different from the actual transaction profit due to the depth of the market and other reasons)

End Time: The time when the grid strategy ends.

Initial Margin: The initial investment used to run the grid.