However, the majority of these bots is missing important information, which is the best trading pair/symbol in the market to run on.
While traders have limited capital through a limited number of pairs to run grid bots on, traders are always confused about which is the best pair for the grid strategy?
Enter: Spider Grid Scanner
Spider Grid Scanner is a supplementary strategy to Spider Grid Bot 2.0.
It helps to solve this dilemma by scaning the whole trading pairs (ex. USDT pairs) on a certain exchange like Binance, Kucoin, Huobi, OKx, or FTX, to give the best 5 pairs to run the Spider Grid Bot on.
The outcome of the scanning will be the following information:
-Step percentages
-Lower Limit price
-Upper Limit price
-TP price
-SL price
You can pick any of the 5 best pairs, enter the outcome parameters in the Spider Grid Bot, enter the capital per trade, or the total amount of capital for the whole grid, then hit run.
Spider Grid Bot will then keep buying and selling this pair at each level in the specified range until the price hits TP or SL then it will stop.
Spider Grid Bot has two modes.
In the Bullish Mode, when the price hits TP, the bot will just stop. When the price hits SL the bot will stop and sell all sell limit orders at the SL price.
In the Bearish Mode, when the price hits TP, the bot will just stop. When the price hits SL the bot will stop and buy all buy limit orders at the SL price.