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Sujit Kumar
Jul 15, 2022
by Sujit Kumar

Spot Grid Trading Feature Officially Launched By MEXC Global

MEXC Global

Table of contents

  1. An Introduction to Grid Trading
  2. Fundamental Benefits of Grid Trading
  3. Guidelines for Choosing a Benchmark Asset for Grid Trading
    1. Develop your Core Holding
    2. Establish the grid size
    3. Take Away
MEXC Quantitative's Spot Grid Trading feature was officially released at 18:00 (UTC+8) on July 7th, according to the top digital asset and cryptocurrency trading platform, MEXC Global. MEXC Quantitative's first live feature will be Spot Grid Trading, which enables users to automate buy and sell orders and change the initial investment amount. Moreover, the user can profit from market irregularity by automatically buying at the low and selling at the high of a specific price range.

The MEXC Quantitative feature's worth is increased because it is offered without fee and is accessible round-the-clock 24*7 for various trading methods and goals. The MEXC Global exchange has served over 6 million users in more than 70 countries thanks to its support for localised languages and presence on multiple continents.

An Introduction to Grid Trading

Grid trading is a quantitative strategy that automatically applies the "sell high and buy low" maxim. MEXC currently provides grid trading for bitcoin positions. In essence, "buy low, sell high" is the primary trade execution approach used in grid trading. Grid trading enables arbitrageurs to choose the lowest and highest price, grid quantity, and investment amount within a specified base price while automatically buying at lower costs and selling at higher prices to profit from market volatility.

Fundamental Benefits of Grid Trading

  • This trading strategy is applied automatically. The user can also prevent repeating tasks and keeping track of things.

  • It manages human flaws like greed, fear, and good fortune and enables users to seize the best business opportunities to increase profit margins.

  • It performs amazingly well in choppy markets. The more erratic the market, the more money is made.

    • Grid trading is an incredible tool for individual traders and works best for qualified quantitative institutions. It is a popular trading strategy in light of the present lousy market.

    Guidelines for Choosing a Benchmark Asset for Grid Trading

    • Only the cryptocurrencies that the exchange supports are available to us. Sixty cryptocurrencies, including BTC, ETH, XRP, DOT, and many more, are supported by MEXC's grid trading platform.

    • Always favour an unstable, expanding market. In a unilateral slump, no long-only strategy can be profitable, and in a unilateral uptrend with minor variations, it is easy to sell and underperform the market trend.

    • Pick a currency with significant fluctuations, don't forget. The odds of completing buy and sell orders increase with higher and stronger volatility. MEXC currently supports more than 2400 coins and will add more soon.

      • Develop your Core Holding

      Users must build the core holdings for grid trading, and the amount is based on the project's valuation. For example, if the asset's current value is low, it can raise the holdings. On the other hand, if the value is poor, part of the core holdings can be dissolved.

      Establish the grid size

      Take Bitcoin (BTC) as an example. Assuming that BTC is presently priced at 40000 USDT, set the lowest and maximum prices to 30000 USDT and five grids, respectively.

      The price range is (50,000-30,000)/5, which is 4000. All orders will now be placed at the following locations: 5,000, 4600, 4200, 3800, 3400, and 3000.

      Take Away

      Grid trading is the ideal method to increase profits. In conclusion, grid trading can help you optimise your earnings in a bear market, especially an unpredictable market. The cost is still minimal even if the price direction is incorrectly predicted. On the other hand, the "mountain peak" of the candlestick chart is more likely to be reached in a bull market.

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      MEXC Global
      Spot Grid Trading Feature Officially Launched By MEXC Global
      Sujit Kumar
      Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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