How To Launch Automated Two-Way Grid Trading Bot On BitKan?
The Interval Grid and Infinite Grid trading strategies are both one-directional grid trading strategies. As the name suggests, the two-way grid trading bot trades in two directions, which makes it a perfect candidate for a sideway fluctuating market.
How To Launch Two-Way Grid Trading Bot?
Step 1. Prepare Bot Trading Wallet With Coins
● Find out how to buy cryptocurrency with fiat currency
● Find out how to deposit coins onto BitKan
Step 1A. On BitKan APP, click [Trade] at the bottom right of the APP. Next, click on [Bot] on the top right of the APP. This is the page where you can select your preferred bot trading strategy. Currently, there are 4 bot trading strategies on BitKan: Interval Grid Trading Bot, Infinite Grid Trading Bot, Two-Way Grid Trading Bot, and Rebalancing Trading Bot.
Step 1B. In this example, we will use the Two-Way Grid Trading Bot. Select [Two-Way Grid] to proceed. There will be a brief overview of the selected trading strategy. It is advisable to read through what the two-way grid is, the bot features, and the best performing bot over the last 7 days. Next, select [Create] once you have understood the details of the trading strategy. On this page, you can choose between AI Strategy and Manual Strategy. The two modes are ideal for both beginners and experienced traders.
AI Strategy recommends the optimal parameters from backtested data, whereas Manual Strategy allows experienced traders to adjust the parameters accordingly to suit their trading preferences. By using AI Strategy, traders only need to set the desired price range and profit grid range for the bot to work with. All backtest are executed based on past data, which foreshadows the risk and profit overtime when the trading strategy is used appropriately.
Following are the definitions of each parameter:
Congratulations! You have learned more about two-way grid trading bot, and how to complete your first two-way grid bot trade on BitKan!
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