How to Set Up Spot Grid Trading Bot on BYDFi (APP)
Introduction to Spot Grid Trading
BYDFi’s Spot Grid Trading Bot allows users to automate buying and selling within a set price range. By leveraging cryptocurrency market fluctuations, the bot helps traders maximize profits without constantly monitoring charts.
The bot works 24/7 and follows the principle of “buy low, sell high,” making it an excellent tool for both beginners and advanced traders.
📱 How to Create a Spot Grid Trading Bot on the App
1. Access Spot Grid
- On the BYDFi APP homepage, tap More.
- Select Bots.
- Choose Spot Grid, and the system will take you directly to the strategy creation page.
2. Choose AI Strategy or Manual Settings
- AI Strategy (Recommended): The system will automatically generate optimal grid settings for your chosen trading pair.
- Manual Settings: You can customize your trading pair, price range, number of grids, investment amount, and whether to add trigger prices or TP/SL (Take Profit / Stop Loss).
⚠️ Note: Both AI Strategy and Manual Settings have minimum requirements. Make sure you meet them before starting.
📊 Example Spot Grid Setup (BTC/USDT)
- Market Price: 25,000 USDT
- Upper Limit: 35,000 USDT
- Lower Limit: 18,000 USDT
- Grid Quantity: 5
- Investment Amount: 10,000 USDT
| Price (USDT) | Order Type |
|---|---|
| 35,000 | Sell |
| 31,600 | Sell |
| 28,200 | N/A |
| 25,000 | Current Price |
| 24,800 | Buy |
| 21,400 | Buy |
| 18,000 | Buy |
Profit Example
- If BTC drops to 24,800 USDT, the bot executes a Buy order and sets a Sell order at 28,200 USDT.
- When BTC rises to 28,200 USDT, the bot executes the Sell and places a new Buy at 24,800 USDT.
- If BTC continues rising to 31,600 USDT, a new buy order is placed at 28,200 USDT, keeping the strategy running.
✅ Entry orders are executed at market prices to ensure grid execution.
⚠️ Important Notes for Spot Grid Bot
- If the market moves beyond your set price range, the bot pauses orders.
- You can choose to: Close the bot and take profits. Wait until the price returns to your range.
- Always monitor your investment amount and risk tolerance before setting grid parameters.