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Help Center > Trading Tools & Bots > How can I set my Spot Grid trading bot on Phemex? (Web) >

How can I set my Spot Grid trading bot on Phemex? (Web)

Date: 2020-10-06 16:00:00

Grid trading is a type of strategic tool utilizing advanced orders to automate trading. This trading bot automates buying and selling on spot trading. It is designed to place orders in the market at preset intervals within a configured price range. Check out the Help Center article What are Crypto Trading Bots for more details about the concept of trading bots.

You can create your spot grid trading strategy on Phemex by setting parameters or copying existing ones from the Strategy Pool. Follow the step-by-step guide below to start spot grid trading.

1.First, register or make sure you’re logged into your Phemex account.

2.On the Phemex homepage, hover over Spot and click on Trading Bots. Alternatively, on the trading page you can click on Trading Bots on the top navigation bar or hover over the tools icon on the upper right side and click Trading Bots from the menu that appears. 



3. On the trading bots page, you can browse the Bot Marketplace for an existing bot that you believe fulfills your strategic requirements. If you find one you like, click Copy

4. You will be redirected to the Spot Grid Trading interface. Go to the market you want to trade, for example, BTC/USDT.

5. Select [Recommended]or[Manual].

For Recommended:

It will automatically generate parameters based on the technical analysis of the symbol price, you can choose the strategy that suits you based on parameters such as APR/ROI/Runtime. Click Copy and jump to the parameter confirmation page, enter your investment amount and create it.  

For Manual:Fill out the specific parameters including Price Range,Grids, and Investment amount,there are also Advanced Settings available for you to select from arithmetic vs geometric grid, and to specify a trigger price and/or stop price. When you are satisfied with all parameters, click Create.

6. You can also check the status of trading bots that you’re currently running. To do so, you must be in Trading Bot Mode on the trading page. Then simply scroll down to your activity window to see your active trading bots. Click Details for a more comprehensive summary of any specific bot. To deactivate a trading bot that’s currently active, simply click Stop.

7.On the subsequent page, you’ll be able to see the status of the trading bot including Details, Pending Orders, and History.


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