The Algorithm for the Grid Bot
The Grid Short Bot is a trading robot used for automated trading in the market based on a grid strategy in a short position. A short position involves selling an asset with the intention to buy it back at a lower price in the future.
The algorithm of the grid short bot operates as follows:
1.The bot enters the market at the current market price to sell the asset and sets the price interval between grid levels specified by the user.
2.It places buy orders for the asset at decreasing prices.
3.When the price of the asset reaches the first order in the grid, the bot takes profit from that order and immediately creates a new sell order for the asset at a price higher than the current market price by the specified profit percentage set by the user.
4.If the price of the asset continues to fall, the bot repeats step 3 for each subsequent level in the grid, placing sell orders for the asset at prices higher than the current market price and with the specified volume.
5.If the price of the asset starts to rise and one of the sell orders is triggered, the bot places those orders back for buying with the specified profit.
6.The algorithm of the bot repeats steps 3-5 until the price falls below the price limit of the buy order or exceeds the price limit of the sell order.
The Grid Short Bot allows for automating trading in the market in a short position, aiming to profit from the decrease in the price of the asset.