Which trading pair should I pick?

Choosing the best trading pair for your bot depends on market analysis, as there’s no universal solution. Here are some tips to help you make an informed decision:

Key Considerations for Picking a Trading Pair

1. Grid Trading Advantages:
   • The grid strategy doesn’t require precise market direction predictions.
   • It performs best in volatile and ranging markets, where prices move back and forth, or in smooth bullish markets.
2. Ideal Market Conditions:
   • The best scenario is when the price fluctuates within the grid, allowing the bot to execute as many buy and sell orders as possible.
   • Avoid strong downtrends when starting the GRID bot. Wait for the market to stabilize for better performance.

Using the Strategies Widget

• The Strategies widget provides a list of high-performing trading pairs, showing top-return pairs based on 3-day, weekly, and monthly backtest results.

 

• Click on any strategy to automatically populate the bot creation widget with pre-configured settings for a quick and efficient start.

What's Next?

• Setting Up and Launching Your GRID Bot: Revisit configuration steps to refine your strategy.
• Managing Your GRID Bot: Learn how to modify and control active bots.

Need Assistance?
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.