What is Spot Grid trading?
Spot Grid trading is a trading strategy that seeks profit from market fluctuations by positioning buy orders and sell orders. The system will place buy orders when the price drops and sell orders when the price climbs over the base currency at set intervals around the set price to profit from the market trends.
How to Create Spot Grid trading?
Ready to start Spot Trading? Here is a tutorial that will guide you through Spot Trading and show you how to make passive income via the KuCoin Trading Bot in 3 steps.
Step 1: Install KuCoin App
Download and install KuCoin App, then locate "Spot Grid" on the homepage.
Step 2: Create Spot Grid trading.
Click “Create” to start a grid trading bot. KuCoin Trading Bot provides 2 modes to create spot grid trading. The one is “Auto”, and another way is “Customize”.
2.1 Create Spot Grid trading via "Auto" Parameters
a. Choose a trading pair. Since Spot trading is chasing volatility, higher volatility will bring higher returns. The greater the volatility, the higher the profit.
b. As you can see, the Price Range and the Number of Placed Orders will be set automatically, you just need to enter the “Total Investment”, which is the value of funds you plan to invest in the Spot Grid trading.
c. Tap “Create”， check and confirm the order confirmation, then tap “Confirm” to run the trading bot.
2.2 Create Spot Grid Trading via “Customize" Parameters
a. Tap “Customize Parameters”, choose a trading pair, and set the ‘Min. Price and ‘Max Price’. The Min. Price is the lowest buying price. If the token price goes lower than that, the Spot trading bot will be stopped until the price goes back to the range. Same for Max. Price, if the token price goes over your setting, no more orders will be executed. So if you want to maximize your profits, you’d better try to ensure that the token price will not exceed your price range in the next few days. When setting the grid, try to predict the maximum and minimum prices that the token may reach soon based on historical trends.
b. Set the “Number of Placed Orders”, and enter the “Total Investment”.
c. Tap “Create”, and check and confirm the order confirmation, then tap “Confirm” to run the trading bot.
Step 3: Check the Profits of Grid Trading
a. Tap “Trading Bot”, under “Running”, users can check the details of the profit, such as Grid Profits, Floating PNL, number of arbitrages, and APR.
b. Click “Trading Bot”, and then “Profits” to check the total profit and historical profits.
The longer a Spot trading bot runs, the better it works and the more profit it generates.