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HOW-TO GRID TRADE: How Grid Automation Works (Tutorial #2)HOW-TO GRID TRADE (Tutorial #2): How a Crypto Trading Bot Automates Your Trades +PLUS+ Quick Set-Up Tips OK - TUTORIAL #2 - LET'S UNDERSTAND WHAT WE'RE DOING Automation via a trading bot will help you execute your grid trading strategy. (The bot I recommend is linked below and connects to your choice of 25+ various exchanges. My instructions are specifically for "my recommended grid bot" though the concepts should work anywhere.) CHART NOTE: If chart above does not display illustrations properly, please expand window or adjust scaling so you have THREE clear and separate examples. Or, scroll down for a screenshot image of these illustrations. Did you miss Tutorial #1? ( Go Here ) SET-UP IN MINUTES Your grid bot can be set-up with your range, grid spacing and capital investment amount within minutes. Your grid trading bot will initiate a start-up BUY, layout your future orders in a grid and continue placing and filling orders as price fluctuates, so you can benefit from any sideways and ranging market. You can grab a coffee, a beer or some spring water, sit back and watch (or better yet, spend time with your family!) In the meanwhile, cha-ching, cha-ching… one zig, one zag at a time, your odds of making money are good. Of course this assumes you’ve done your homework, set things up properly and picked an optimal time. Your only risk is a sudden price plummet (and yes this happens from time to time) but with a stoploss or counter strategy in place, you’re pretty much in hands-free mode and can check your progress once or twice a day. Next, let's explore in details of how the Crypto Grid Trading Bot actually works. In our random example, I'll use BTC/USD pair and the following bot settings: ILLUSTRATION SETTINGS: Price range: $16,000 - $24000 Quantity of grids: 9 Amount per grid: 1 BTC NOTE: Please focus on the concept, not the random range or investment levels in this illustration. This example is not meant to be a real signal or set-up! Just grasp the concept. 1. GRID BOT CREATED Once your grid bot is created, it will distribute buy and sell orders based on your investment settings, range and equal grid spacing (or grid profit targets) . The BUY orders will be placed below the current market price, while the SELL orders will be placed above the current market price. If needed, bot will automatically buy or sell currency to create grid. You will be prompted to confirm every step in the process. It’s fast, easy and fun. Remember, in this example we are only placing LONG buy orders and selling when price moves up one grid (there is NO SHORTING involved). Also remember, you can NOT edit (change settings) on a running grid bot. But you can stop your bot thus opening up the option to create a new one. STOPPING YOUR GRID BOT If for any reason you want to stop your bot (perhaps you messed-up, perhaps you change plans, perhaps the market starts looking negative, perhaps you want to take your profits, perhaps you want to move grid to a new range)... you can cancel your bot at anytime. I’ll cover this in greater detail in a later session of this tutorial series, but for now just be aware that upon bot cancellation - when you stop your bot - you may have open positions remaining that must be dealt with manually on your exchange or trading platform. CANCELLATION RULE: Every time you stop a bot, check your exchange for open positions and either sell, set limit order(s) or perhaps hold the crypto your bot has bought. The bot will automatically remove standing buy and and sell orders (you can double check your exchange to confirm this if you like). 2. PRICE MOVES UP You’ve started (in our example) at $20,000. When the price moves up to $21000 the first sell order is executed. The bot will place a new buy order one grid below at $20,000. 3. PRICE MOVES DOWN When the price moves down to $19,000 your bot will execute BUY orders at both grid lines ($20,000 followed by $19,000) . During that price drop , your bot will place new SELL orders at $21,000 and $20,000) after each executed buy order. And so it goes… your bot buys, your bot sells and grid lines are replaced with new open orders as the next grid line (up or down) is hit. Simple as that. 4. YOUR RESULTS This trading method will generate profit as the market ranges up and down. It works as long as the market movement stays in your predefined range. The “recommended grid bot” (see footer below) will automate this strategy for you and provide accurate reporting on your profit results. 12 QUICK TIPS FOR STARTING In future sessions of this tutorial series, I’ll cover important areas such as: how to find sideways markets, slowly trending ranges, and optimal grid bot starting points. I’ll even cover indicators that can help you with your grid trading strategy -AND- our Discord community specifically dedicated to future “Grid Masters." For now, please follow these basic steps: 1) Get your grid bot account. 2) Connect your bot to your preferred exchange. 3) Start with a cryptocurrency you trust (BTC or ETH or a top 10 coin) . Something you’d be ok holding (HODL) if worse came to worse. 4) Wait for a market where you expect or anticipate sideways or slowly upward ranging price action. 5) Keep your total grid range (lowest grid to highest grid) within 4% to 8%. 6) Select a grid count that renders your grid spacing (distance between each grid line) to a space comparable to typical zigzags you see in recent price action. Typically a .5% to .6% space between gridlines (as measured on your Tradingview chart) is a good place to start. 7) After your settings are enter in the bot, do click the backtest button. Double check setting, make tweaks, backtest again until you are happy. 8) Invest MINIMALLY on your first few bots (say $100 or something you can afford to lose) . Think of your first grid bot as a “learning experience.” 9) Set a stoploss under your grid (there is a setting within the bot for this) . If you don’t mind holding the coin if prices temporarily drop , then you can forego a stoploss. 10) Don’t dream of riches, instead anticipate all goes well and you get a rather healthy ROI (better than a bank and perhaps better than your trading results/ROI using other non-grid strategies). 11) If your first bot does not go well (worry not, remember the first time you tried to ride a bicycle?) . Review what happened and try again. 3%, 5%, 8% gains might be just around the corner. 12) Give your bot time to “do its magic” (perhaps 3 days, a week or longer) ... as long as prices are within or very near your range, you can leave your grid up and running. Why not? You’re making money! LIKE THIS (Click LIKE Under Chart) SHARE WITH FRIENDS - THANK YOU! HOW DO I LEARN MORE? 1) Review my related IDEAS and TUTORIALS (linked below) 2) Explore my GRID INDICATORS (linked Below) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
KRAKEN:BTCUSDEducation
by DanHollings
3
$CELR ALLTIME LOW REVERSAL BUYING SIGNAL PUMP ALERT 200% ProfitsQUICK STATS Celer Network Price $0.00581137 Celer Network ROI Beta -13% Market Cap $18,895,920 Market Cap Dominance 0.01% Trading Volume $5,224,188 Volume / Market Cap 0.2765 24h Low / 24h High $0.00569994 / $0.00610668 7d Low / 7d High $0.00574557 / $0.00733690 Market Cap Rank #163 All-Time High $0.02895706 Since All-Time High -80.0% All-Time High Date Mar 25, 2019 (5 months) Celer Network/Bitcoin Ratio 1 BTC = 1835874.65 CELR Binance Launchpad 1USD = 0.00650000 PUBLIC SALE 19 MAR 2019 - 19 MAR 2019 (0.0067 USD = 1.0 CELR) About Celer Network is a new coherent technology and economic architecture that brings internet scale to existing and future blockchains through off-chain scaling techniques. It offers the ability to scale out to billions of trust-free, secure, and private off-chain TPS. Celer Network is a coherent technology and economic architecture that brings Internet scale to existing and future blockchains through off-chain scaling techniques. It can scale out to billions of trust-free, secure, and private off-chain transactions per second. Celer Network is on a mission to fully unleash the power of blockchain and revolutionize how decentralized applications are built and used. News: NEO Is in Talks to Integrate Celer Network to Improve Scalability! We are excited to announce the strategic partnership with SkyDream Technology, a multi-million-daily-active-user mobile mini #game studio on platforms like WeChat and Facebook..etc. Looking forward to bringing more games, developers and users to #CelerX! Try #CelerX, the first ever mobile esports gaming platform powered by #blockchain layer-2 technology. Interactive games and zero gas fees! Upcoming Events: ETHBoston, Sept. 6 -8, Boston, MA: This is our first time going to Boston to meet and engage with our community there. We are very excited to be meeting talented hackers and enthusiastic community members. Please join us at ETHBoston and start to monetize your casual game with only 2 lines of code. 2. Celer x Conflux meetup in Shanghai: If you are in Shanghai for the blockchain week, don’t miss out our meetup on Sept. 6. Community: Twitter: 18,300 Telegram: 27,300 Wechat: 9,958
Long
by UnknownUnicorn2208604
1
AUDUSD LONG: SWING TRADE SETUPA good trading opportunity near monthly support targeting our Daily LH for a longterm tp of 1.72. TP 1 targeting our channel high We are riding alongside bullish momentum. Within this bullish channel, we are jumping in at previous 4h resistance. Daily closed above previous open which reinforces my bullish bias. At the time of publication, we have had a successful break of structure on 15m. Which validates this prize zone as support. Remain vigilant. I will be watching for successful transitions to 1h and to 4h. If we do not see transitions on higher time frames we will partial and move our stops to break even. Have a great trading week!
Long
by danielcabreja