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Crypto trading bots are automated computer programs that can help you buy low and sell high — place buy and sell orders at predetermined intervals within a predefined price range — automatically to capitalize on price fluctuations, especially in a volatile 24/7 crypto market. But how does it work actually and can you really profit more substantially using a grid bot? Here's what you need to know about Bybit's Grid Bots.
You can set a series of buy and sell orders in either price direction, creating a trading grid of orders waiting to be triggered. When the price hits your preset target, a buy order will be executed, and a sell order will be placed above on the next grid. When the price rises again to the next grid, the sell order will be executed, allowing you to profit from the price difference.
Whether you prefer owning the underlying and taking advantage of the volatility with the Spot market or dabbling with derivatives for increased leverage with the Futures market, Bybit has you covered with our Spot and Futures Grid Bots that will help take the emotions out of your trades and automate the tedious process of manually placing orders.