
THE ANSWER IS SIMPLY NO!!!
โจFutures Grid Bot does not automatically decide direction of the #trade
You have to choose it manually when setting it up.
โ๏ธ What the Bot Does Automatically:
Places multiple grid orders based on your price range
Adjusts and manages orders 24/7
Takes profits at each grid level
Can include stop-loss & take-profit
๐ Hereโs How It Works:
When you create a Futures Grid Bot, Binance asks you to choose one of two directions:
๐ Long (Bullish) โ Bot buys low, sells high
โ Use this when you believe the market will go up๐๐ป
๐ Short (Bearish) โ Bot sells high, buys back low
โ Use this when you believe the market will go down๐
So, itโs you who decides the botโs bias based on your market view.
โ ๏ธ Important Note:
If the market moves against your chosen direction (e.g., you chose $XRP
โlongโ and price crashes), the bot will start to lose money โ just like a manual futures trade.
So itโs powerful, but it still needs your strategy behind it.
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