Bybit Trading Bot

Trading

Bybit Guide

Learn all about the advantages automated grid trading and how to use Bybit Futures Grid Bot to maximize your trading profits with high leverages.

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As crypto markets and choices grow increasingly sophisticated, strategies for trading automation are getting more popular among savvy traders. Trading strategies that lend themselves well to automation are experiencing a surge in popularity, such as 

 or grid trading. The latter is the focus of Bybit’s innovative Futures Grid Bot trading product, which lets you enjoy the numerous benefits of grid trading in a completely automated way.

Grid trading is a popular strategy in which a set of orders is placed at several points above and below a reference price for an asset. Grid trading is based on the overarching goal of buying low and selling high. The price points above the current asset price are designed as sell orders, while the price points below the current price are reserved to trigger buy orders. When the asset’s price reaches a preplanned point in the grid, the corresponding order is executed. 

Grid trading may be very simple or quite complex, depending on the trader’s experience and choices. Below is an illustration of a simple 4-price grid for an asset currently priced at $1,000.

With its simple, rule-based structure, grid trading lends itself extremely well to automation by using 

. These bots allow you to take a hands-off approach to trading by specifying order rules and triggers in advance. You can then sit back and let the software trade on your behalf.

Additionally, grid trading bots are useful for futures trading. Instead of trying to predict the future price of an asset and placing contracts manually, you devise several buy and sell price points around your reference price and rely on the bot to execute your strategy.

The role of futures grid trading bots is just that: To apply the benefits of automation to grid trading, based on futures.

Futures trading bots offer many benefits. Naturally, the automation of trading is the most obvious one: You avoid wasting time following the market and your target asset’s price developments. The bot also removes the element of emotion from your trading. When the order rules have been pre-specified and put on autopilot, you’re no longer at the risk of making emotional decisions as a response to price fluctuations or other unanticipated market developments.

Furthermore, futures trading grid bots require very little complex forecasting. You can specify a wide enough price range, without having to meticulously predict price movements. This also gives you more room for error in case prices don’t go entirely according to your expectations.

A third advantage is the ability to access the general benefits associated with futures trading, such as 

 and higher potential profits, as compared to spot trading.

Finally, futures grid bots are a great tool for making consistent profits in 

. These are characterized by significant periods of time without much upward or downward movement. Many other popular strategies — for example, 

 — become less useful when markets trade sideways, and this is where automated grid trading can really shine. 

Bybit offers you a versatile futures grid bot product with significant benefits and advantages:

 that offers similar benefits, but for the spot market. Compared to its spot market equivalent, the Futures Grid Bot lets you access the key benefits of futures trading —

 higher leverages and the potential to earn higher profits.

While creating a futures trading bot on Bybit is as simple as the four steps above, you can actually choose from two interfaces on Bybit to create your futures grid bot — the main trading bot page and the Derivatives trading page. Below, we’ll cover both methods.

1.	Create a Futures Trading Bot via Trading Bot Page

option from the top menu, and then Trading Bot to go to the 

to create your bot. You may create up to 50 bots in total, giving you an unmatched variety of choices if you’d like to follow many grid strategies at the same time.

There are two ways to create the Futures Grid Bot: 

. Choose the option that suits your preferences and experience with futures and grid trading.

option is a great choice for beginners and even experienced traders who would like to take full advantage of the bot’s automation capabilities. If you select 

, you’ll need to specify the following options:

 mode will automatically work out the other key trading parameters — Price Range, Number of Grids, Profit/Grid, and Leverage — based on the historical data performance of the selected trading pair.

Alternatively, you may choose to specify all the key parameters manually. If you select the 

 option, note that there are two types of grids: Arithmetic and Geometric. For Arithmetic, each grid has an equal price difference. For Geometric, each grid has an equal price ratio difference. 

You’ll need to choose the trading parameters as follows:

After you’ve specified all the required options, click the 

 button. You’ll then be asked to confirm your overall choices. Review your selected parameters, and click on 

 when ready. Your Futures Grid Bot will then be created.

2.	Create Futures Trading Bot via Derivatives Trading Page

You may also create your Futures Trading Bot via the main 

 in the order zone on the right side of the 

You can then choose one of the two trading modes – 

After selecting the parameters above, click on 

. A summary of your chosen parameters will be shown to you. Review your options, and then click on 

 is an invaluable product for futures traders who want to reap the benefits of automation and 24/7 accessibility. With an extremely modest $1 investment requirement, access to VIP benefits, generous leverage offers and beginner-friendly presets, the Bybit Futures Grid Bot is virtually unmatched in this product niche in the crypto market. If you’re serious about crypto futures and grid trading, our bot is the key tool for you to start with.

How to Use Bybit Futures Grid Bot

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