Why trailing up doesn't move the grid?
The Trailing Up option allows you to move the entire grid if the price increases. This feature will move your entire grid to follow the price automatically. It makes your trading bot work almost indefinitely if the price is going up.
However, there are some scenarios when the trailing will stop following the price or become temporarily idle.
Not matching the exchange's trading rules (permanently)
Since the bot uses a fixed amount of the quote currency per each order (or grid), the base currency you can buy with it will decrease each time the new buy order is filled at a higher price. At some point, the base currency you need to purchase will not match the exchange minimum order amount of the base currency of the limit order. This is where the trailing will be stopped because we can't bypass the exchange's rules.
To resolve this, you would need to make a decision:
- To keep the bot as it is and wait for the price to come back
- Cancel your bot and create a new one with updated settings
The market doesn't fill your new buy orders (temporary)
When the upper price is reached, the last sell order is filled, and the bot has no base currency to sell. From this moment, to continue profiting from the price action, we would need to wait until the price bounces down to trigger your new buy orders so the bot can use the purchased base currency to place new sell orders on top of the current price.
The basic principle of moving the grid is moving your lower buy orders above the initial upper price. And repeat it by every grid spacing step the price makes when it starts to go above the initial upper price.
If you experience this scenario, there is nothing you need to worry about. This is how the service is intended to work, and you will need to give it some time until the new grid is formed.
The pump protection (temporary)
If the price rapidly moves, our platform will turn off trailing up temporarily to avoid purchasing any coins at spikes. Your bot will receive a Pump Protection status indicating that the trailing up feature is idle due to unexpected action on the market.
It can be seen as a losing possibility to generate a profit on the price rally. However, every pump will generally be followed by a price correction, which can leave your account with the coins purchased at a costly price.
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