How to Set Up a Profitable Trading Bot on Binance
1. Go to the Trading Bots section under Futures or Spot trading.
2. Select Grid Trading and choose Long (if you expect prices to rise) or Short (if you expect prices to fall).
3. Set a price range for the bot to operate within.
4. Choose the number of grid levels to determine trade frequency.
5. Allocate funds and adjust leverage (if using futures).
6. Start the bot to begin automated trading.
7. Monitor performance and adjust settings as needed.
8. Use technical indicators like RSI and MACD for better strategy optimization.
9. Ensure proper risk management by avoiding excessive leverage and setting stop-loss limits.
