HOW TO MAXIMIZE PROFIT WHEN USING BINANCE TRADING BOTS
1. Click on Wallets
2. Overview
3. Trading Bots
4. Click on Activate (#2) as you can see in the image below.
5. choose your mode either Arthmetic or Geometric mode, but if you are a beginner it is recommended to use Arthmetic Mode.
6. Also select Auto if you are a Beginner
7. select your range for example The current Bitcoin price is $27600 then try to put the range between $27800 - $28000 choose your number of grids. Grid determines where orders will be executed to your trade.
Also, the Arithmetic mode means constant price difference while the Geometric means constant price ratio.
Let's say in Arithmetic mode the price difference is $200 from $27800 which is the price that will act as the lowest limit then the order will trigger on the 28, 000 after adding the price difference of $200 another order will trigger at $28,200, $28,400... , , , and so on according to your grids.
Note: The above explanation will apply according to your Analysis if you analyze the price of Bitcoin will go up.
Also if you are a Beginner use Spot Grids without jumping into Futures grids.
Read other instructions after opening crypto trading bots until you create your order either buy or sell!
