Huobi Global has launched the web version of Grid Trading on February 3rd and enabled trading for BTC/USDT, ETH/USDT, and HT/USDT.
(Grid Trading will soon be available on Huobi App, please stay tuned)
Grid Trading is a well-known trading strategy that allows users to make profits from the sideways as well as trending market conditions. In the volatile digital asset market, the use of grid trading can avoid erroneous trading decisions caused by human factors to a greater extent. Grid trading robots will assist users in strictly implementing the pre-set low-buy high-sell transactions strategy.
With its core of “buy low and sell high,” Grid Trading is considered to be more applicable in a sideways market. Beware that unilateral rise and fall of prices would probably bring certain asset losses to users:
1. Unilateral rise. Sell orders will be executed automatically when one asset rises sharply. As a result, users may lose a chance of making more profits in a bullish market. The grid strategy will be stopped when prices exceed the pre-set upper limit.
2. Unilateral fall. Buy orders will be executed automatically when one asset drops sharply in prices, in which users may suffer losses to some extent. The grid strategy will be stopped automatically when the price drops under the pre-set lower limit.
3. The grid strategy will be stopped automatically when the digital exchange suspends trading for the asset or delists it.
Click “Grid Trading User Guide” to learn more.
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February 3rd, 2021