Crypto exchange platform Bybit has announced the launch of its grid trading bot.
The company announced that the new grid trading features went live for all registered users from June 20. It further added that users will also have access to the grid trading bot to automate their buy and sell orders and adjust their investment amount.
“By executing low purchase orders that lead to high sell orders during a lateral price movement, the system ensures profitability each time the sale price exceeds the purchase price, thus eliminating the need for market forecasting,” Bybit said in an announcement.
The grid trading bot assists users in carrying out the Grid Trading Strategy. It enables users to place a series of purchase and sell orders within a given price range.
The system is based on the trading principle of buying at a low price and selling at a higher price to earn the difference.
Bybit says their AI parameters maximize profits for our users. According to the company, users can share...
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