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What is Spot Grid strategy

Spot Grid trading strategy

1. Log in to your Tokex account and click [Trade] - [Strategy Trading] - [Spot Grid]. Select a trading pair.
2. Select either the [Arithmetic] or [Geometric] mode. Set the grid parameters, including the upper and lower price, grid number, and the coin to invest in.
Spot Grid Trading parameters:

2.1 Arithmetic & Geometric mode

  • In arithmetic mode, each grid has an equal price difference.
  • In geometric mode, each grid has an equal price difference ratio.
  • The more grids you include, the more funds you need to invest.

2.2 Lower Price and Upper Price

Lower Price: Bottom of the grid trading price range. The system will no longer execute orders when the market price is lower than the Lower Price.
Upper Price: Top of the grid trading price range. The system will no longer execute orders when the market price is higher than the Upper Price.

2.3 Grids

Divide the interval upper limit price and interval lower limit price into corresponding shares.

2.4 Invested Coin

You can choose to invest in single or dual crypto.
For example, if you chose to invest by USDT, the strategy will only use USDT from your Spot Wallet. If you choose to invest in USDT+TKX, the strategy will use both USDT and TKX from your Spot Wallet.
Please note that the actual investment amount required for the Grid Trading strategy depends on the market and may not equal the amount you entered.

2.5 Available amount

The available assets in your Spot Wallet.
Your grid creation might fail if there is insufficient balance in your Spot Wallet. Please note that the frozen assets from other open orders cannot be used to place new orders. You can cancel your open orders to utilize your available assets or adjust the number of grids to reduce the investment amount required to open orders.

2.6 Trigger Price (Optional)

The grid orders will be triggered when the Last Price rises above or falls below the trigger price you entered.

2.7 Stop Trigger (Optional)

You can use Stop Trigger to stop trading when the market price triggers the set prices:
  • Stop Loss: should be less than the lower price, last price, and trigger price; when the latest market price reaches the Stop Loss price, the grid will stop working.
  • Take Profit: should be higher than the upper price, last price, and trigger price; when the latest market price reaches Take Profit price, the grid will stop working.
For example, if you create a USDT grid order with no trigger price, a certain percentage of TKX will be immediately bought at the market price for opening the grid trading. If you set a trigger price, the system will wait for the market price to hit the trigger before buying TKX at the set price.
If you have both USDT and TKX in your Spot Wallet, you can also choose to invest in USDT+TKX to avoid the additional expense (e.g. transaction fees) incurred when buying TKX.

2.8 End

Click [End] to stop grid operation. Running orders will be canceled and all profits will be settled immediately at market price.
Spot Grid Trading follows the spot market trading rules. You need to abide by the rules when placing orders.