GRID BOT
Getting Started with Reins GRID Trading Bot
This article will show you how to start a new GRID bot, modify its settings, and close bots.
How to create a GRID Bot
In this part, you will learn how to create and run your first GRID bot. Please, follow our step-by-step instructions below.
1. Select a bot type
To start a new GRID bot, click the [Start new bot] button located in the top menu of the Bots page.
You will see a pop-up window with all the available bots. Choose [GRID bot].
2. Select an exchange and a trading pair
On the right side of your screen, a menu for creating your first GRID bot will be shown, where you can select the exchange, the pair, and the investment and set the other settings if you want to customize them to your strategy.
Let's move to the next step. Start by selecting an exchange and a pair. Click on the “Exchange” window to choose an exchange, then “Pair” to set the trading pair. Once this is done, move to the following step.
Enter the total investment value you would like to operate with or use the slider to specify the percentage based on your available balance.
The Investment field shows:
an approximate amount of the investment in your selected system currency;
how much of the base currency is required for your initial sell orders (BNB);
how much of the quote currency is required for your initial buy orders (USDT).
The Available for Bot Use window displays the amount of both currencies (base and quote) available on your balance.
Note: The balance of the quote and the base currency will change during the bot's work since both buy and sell orders will be executed. Depending on which way the price goes, the open orders of your bot may have more base or more quote currency than it had initially.
3. Review and confirm the settings
This is the final step before launching the bot. Here you can review all the selected settings.
Preview settings
Bot type
Exchange
Pair
The initial investment in the bot
Profit currency
The base currency in open sell orders
The quote currency in open buy orders
High and Low prices
GRID bot’s levels
GRID step between levels
Order size currency
If changes need to be made, go back by clicking on the arrow. Otherwise, click the [Start Bot] button.
Bot’s performance
You can always track your bot's results in the detailed "Performance" window. This will help you better understand your bot's performance and results, as well as get more detailed information about each transaction. It can be found on the right-hand side after clicking on a running bot:
Here, you can see the overall bot profit with fee (We will consider only the buy order fee) , bot profit without fee (Without considering of buy and sell fee) and position PNL, trading time, and the number of completed transactions. It also shows the ratio of the quote and base currency in open orders and their current value.
Bot orders
You can find more information about your completed and open bot trades in the "Bot orders" tab. To access the tab, click [Bot actions] and select the [View details] option.
The “History” tab displays specific details on all the trades your bot has already completed. Here, you will see the following information:
The Date & time when each order was filled;
Order side (buy or sell);
Order amount in the base currency;
Order price;
Action (order type);
Total order value;
Exchange trading fee;
Profit per each trade for the sell order;
Bot total profit will be displayed in the top right corner.
Open orders tab
If you want to check the status of your bot open trades, head to "Open orders" in the "Bot orders" tab:
Here you can find the "Open orders" tab with more info about the number of open order pairs their Date & time, side, Action, Amount, price, and status.
Modify bots
Whenever you want to adjust settings on any bot, select the bot you need and press [Bot actions] > [Modify Bot] on the right-hand side.
Tip : Please be advised that Take Profit and Stop Loss can be modified on any active bot.
Double-check your new settings on the bot's preview page, and then press [Confirm].
Stop Bot Conditions
Cancel all open orders: This option will close all your open orders; the base currency and the quote currency from open trades will return to your available balance.
Sell at the market price: By choosing this option, all the base currency in open orders will be sold at the market price, leaving you the results highlighted in the Total PNL column.
" JOIN WITH US ON REINS BOT AND EXPERIENCE THE FUTURE IN IT "
Last updated