What is a futures grid trading bot?

OKX’s futures grid trading bot is an automated futures contract trading strategy. The bot sets an order grid at predetermined price levels above and below the initial entry price. In its simplest terms, the bot sells futures contracts when the price is above entry and buys when below.

How does OKX futures trading bot work?

OKX’s futures trading bot is a powerful automated trading strategy that seeks to profit from cryptocurrency futures market volatility. By automatically buying low and selling high, users make money from the difference in prices in rapidly moving markets. The trading bot’s futures grid mode creates a grid of price levels at which to trade.

How does a futures market work?

A central financial exchange, i.e., futures market, facilitates the trade between the two. Both parties agree to buy and sell the futures market commodity at a specified price at a future date by signing a futures contract. As a result, the market price rise or decline does not affect either the seller or the buyer.

What is a trading bot?

A trading bot is a software program designed to automatically execute trades on your behalf in the crypto market. Using advanced algorithms and real-time market data, trading bots can analyze market conditions, identify opportunities, and execute trades quickly and precisely.