Grid Trading Bots Configuration, uses technical analysis to build grids. It uses Darvis Box theory to formulate grids. After grids are formed and confirmed, the system starts to trade and makes small profits.
How are the grids formed?
To visually see the Grids. Use the Muunship Charting app on muunship.com
But first, watch these videos to understand how a Darvis Box is formed.
Here is how you can add the Darvis Box Trading Indicator on the Muunship Charting app. This app is also available on iOS, Ipad, and all Android Devices. Below are instructions on how to add the Darvis Box Trading indicator on the Desktop App.
Using Muunship app for Visuals of Trading bots activity
This is what the Box Indicators will look like. It will automatically Draw Support and Resistance Levels.
The Grid will buy at 1% – 3% and 5% below the support levels. Enter your TP based on the history of the chart. If the coin bounces 1%-2% after those levels hit, enter your TP at 1 to 2 percent. But some coins have some very wild moves, and you can keep your TP much higher.
After your sell orders are executed and if the coins moves to those levels again, it wills start to buy them again. If the coin falls below the grid levels, it will no longer buy any more coins. It will wait for the new bases to be formed in order for it to start to buy again.
Here is an example of how the grids and the buys are formed and where the buy and sells occur.
Here is an example of a bot for ETH pairs. Remember to always look at the history of the pairs and then add them to the Dynamic Grid Bot
Grid Trading Bots Configuration Settings
First go to 3 Commas Marketplace
Then select find Muunship Dynamic Grid Trading Bot and select View Stats
Then Click Try it now
Next Choose Composite to trade multiple bots or select Simple bot to trade individual Bot and select exchange Binance
Select the Pair that you would like to trade based on viewing the history of the coin on the Muunship Charting App
Select the following Criteria
Add TradingView Signal 1 minute
Max Deals = 1
Strategy = Long
Profit Currency = Quote
Base Order size = 0.001
Safety order size = 0.001
Start Order Type Limit
Deal Start Condition = Muunship Dynamic Grid
Target Profit = 1.00%
Take Profit type = Percentage from total volume
Stop Loss % = 0
Max Safety count = 0
Max active count =0
Price Deviation = 1%
Safety order volume scale = 1
Safety order step scale = 1
After adding the settings then select Create Bot
To activate bot click on start