[ad_1]
LONDON, April 2, 2022 /PRNewswire/ — Huobi Global, one of the world’s leading global exchanges, has unveiled a trading bot on its Huobi Global mobile app that will enable investors to capitalize on price volatility in the cryptocurrency market. The trading bot allows users to place, buy, and sell orders at certain regular intervals above and below the price of a particular asset.
For new traders, “buy high and sell low” is a common profit-making practice. The new grid trading bot enables traders to set a strategy and control their positions to mitigate risk. Once parameters have been set, the system will automatically execute ” buy low” and “sell high” within a set price range. It is therefore possible for users to make profits even if not actively monitoring market prices.
Markets trend about 30% of the time, leaving the remaining 70% for range-bound market conditions. However, most new retail users prefer to trade during trending conditions. A challenge then arises around how a range-bound strategy can be implemented during the times when a market is not…
Full story available on Benzinga.com
[ad_2]
Source link
