Dear ApolloX users,
In order to meet the diversified trading needs of the majority of users, the ApolloX DEX platform will launch the grid trading function on March 25, 2022.
Grid trading is a trading bot that automates futures contract purchasing and selling. Its purpose is to place orders at predetermined intervals within a specified price range. When orders are put above and below a predetermined price, a grid of orders with incrementally increasing and decreasing prices is created. In this way, it constructs a trading grid.
Grid trading performs best when prices move within a specified range in volatile and sideways markets. The strategy sets you up to buy low and sell high. Hence, allowing you to make profits in volatile market conditions. This strategy aims to automatically purchase low and sell high while continuing to make gains through the continuous price fluctuation. The higher the number of grids you use, the more transactions you'll have.
You may refer to the following articles for more information:
How to start Grid Trading？
How to use grid recommendation parameters?
What Is Long/Short Grid Trading？
Risk Reminder: Grid trading as a strategic trading tool should not be regarded as financial or investment advice from ApolloX. If the grid setting is unreasonable, you will not be able to get the relevant grid revenue when the market enters the one-sided market and is not inside the grid interval you set. You can adjust the grid strategy according to the current market conditions. Grid trading is used at your discretion and at your own risk. ApolloX will not be liable to you for any loss that might arise from your use of the feature. It is recommended that users should read and fully understand Grid Trading and make risk control and rational trading within your financial ability.