What is a grid trading bot, and how do you use it? By Cointelegraph

Grid trading is a quantitative trading strategy that involves placing automated buy and sell orders in an attempt to profit from the volatility of cryptocurrencies. Grid trading is a style of algorithmic trading that automates order execution by utilizing grid trading bots.

To create a grid of orders that covers a range of potential market movements, this method entails placing numerous orders at incremental price levels above and below the present market price.

Set upper and lower grid limits

Create multiple grid levels

Automated trade execution

Faster and rational decision-making

Risk management