Manual grid trading guide

1. After onnecting your wallet, hover over More in the top menu and click on [Grid Trade].

1. Grid Trading Mechanism

The grid trading life cycle:

1. Grid Trigger (optional)

2. Initial structure

3. Open position

4. Grid Update

5. Stop Trigger (optional)

6. Cancellation

Grid Trading life cycle	Description
Grid Trigger (optional)	Users can choose to start grid limit orders immediately or choose to trigger when the market price reaches a certain value. The grid orders will be triggered when the chosen trigger price (Last price or Mark price) rises above or falls below the trigger price you enter.
Initial structure	The initial structure is to determine a series of price levels, according to the latest market price (buy, sell, mid-price), place sell limit orders at a price higher than the market price, and a buy limit order at a price lower than the market price, and wait for the price to be triggered.Note that the number of limit orders is the number of grids +1 at the time of initial construction because no positions are held. One of them (the one near the latest market price) is the initial opening order waiting to be executed
Open position	For neutral grids, the strategy will begin with no initial position. The initial position will be triggered when the market trades beyond the nearest price point after the initial construction.
Grid Update	Initial sell orders for the neutral grid will be placed above the current market price. Meanwhile, the buy orders will be populated below the current market price. Do note that the price nearest to the market price would be excluded
Setting a Stop Trigger (optional）	Users can choose to manually terminate grid operation or to set Stop Trigger.Stop Trigger means that when the market price rises above Stop_upper_limit or falls below Stop_lower_limit i.e. the market is no longer following a swinging trend, the grid will stop its operation.
Order Cancellation	Users can choose whether to cancel all orders and close all positions manually or automatically after the grid is stopped.When 'cancel all orders' on stop is enabled, the system will automatically cancel all the unfilled orders for the symbol when the grid is stopped; When close all positions on stop is enabled, the system will automatically close all the open positions at the market price for the symbol when the grid is stopped

Grid creation may fail in the following situations:

• You are already running a grid strategy on the selected trading pair.

• You have open orders or positions on the selected symbol.

• You are in hedge mode; please switch to one-way mode in trading settings.

• You have exceeded the limit of 10 active or pending grid strategies.

A grid will terminate if any of the following occur:

• You manually stop the grid.

• Insufficient margin causes positions to be liquidated or prevents orders from being placed.

• You manually cancel some or all grid limit orders.

• You manually close some or all grid positions.