How to use futures grid?
1.Enter Bibox official website, click "BOT&Copy Trading-Bot" at the top of homepage.
2.According to your needs, choose "USDT-M futures grid" or "COIN-M futures grid" in the strategy list, and click to "Set up bot".
3.Set various parameters on the grid creation page (including selecting trading pair and trading direction, setting the leverage, price range, price interval, trigger price, sliding to determine the investment assets, and setting the take profit price/stop loss price according to actual needs in advance), click "Run" to run the corresponding futures grid strategy.
4.After the grid is running, you can see the information of the currently running grid in "Running bot(s)" - "Futures Grid".
Position: the price direction you predict that will happen in the near future.
Long: To hold long position(s); Buy/long in the dip and sell/short at the top.
Short: To hold short position(s); Sell/short when the price is rising.
Leverage：If you invest 100USDT and choose to leverage it 5 times, it means there will be 500 USDT assets running in your Futures Grid.
Price range: The price range, within which the Futures Grid runs. Within the price range set, the program automatically buys low and sells high. On the other hand, Futures Grid will stop when it is beyond the price range.
Grid: If you want to open position(s) when there is a 0.05%-2% price discrepancy, you need to enter a number in the interval 0.05-2. Usually, it should be more than 2 times the Maker fee rate.
Invested assets: the assets you use to run grid trading.
Stop profit/loss: A setting that will stop your running grid when the Futures profit/loss reaches your setting.
You can also contact Bibox Quantitative Specialist (@bibox_tradingbot) or join the Telegram group for more details.