🔹 Option 1: Strategy with a Stop on Binance Spot Grid Bot

> Binance currently does not support automatic stop-loss and take-profit settings on the Spot Grid Bot. But you can manually set stops along with the bot, or use external platforms.

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🔹 Option 2: Run the bot through 3Commas (convenient for stops/takes)

✅ Support for Binance

✅ Setting stop-loss and take-profit

✅ Easily configurable even without coding

Step by step:

1. Create an account at 3commas.io

2. Link Binance using API (create in Binance → API Management → grant trading permission)

3. Create a bot:

Type: Simple or DCA Bot

Exchange: Binance

Pair: for example, BTC/USDT

Trading strategy: Long (if you expect growth), Short (if expecting decline)

4. Set Take Profit:

For example: 5%

This means: the bot will close the trade at +5%

5. Set Stop Loss:

For example: 3%

If the price drops by 3% — the bot will exit the trade with minimal loss

6. ✅ Start the bot

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🔹 Recommendations:

Do not set the stop closer than 1–2% — otherwise, there may be false triggers.

It is better to set a trailing stop — it moves along with the price and locks in profits.

Start with a small amount ($10–50) until you understand the logic.