BingX has added long and short directions for Futures Grid recently. Choose the right direction and your earnings will be amplified!
Try It Now:
👉🏻 Open the App and upgrade it to version 3.25.0 or above. (Please note that the launch time of the App varies among different application stores)
This article will cover two main topics to help you get started with the Long/Short "Futures Grid":
1. What Are Futures Grid "Short" and "Long" Directions?
2. How to Create a Futures Grid Strategy With a Direction?
1. What Are Futures Grid "Short" and "Long" Directions?
The Futures Grid, based on Futures trading, automatically buys low and sells high through the use of the Grid bot, thereby allowing users to earn money in volatile markets. For more details, please refer to >> "Best-Loved Futures Grid: An Advanced Grid That Amplifies Margins and Profits".
The Futures Grid adds "Long" and "Short" directions, catering to users' various needs in different market conditions, along with the previous "Neutral" grid trading.
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Direction
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Initial Position
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Working Process
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Neutral
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No initial position will be opened
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Open long and close long in the price range below the strategy entry price
Open short and close short in the price range above the strategy entry price
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Long
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An initial long position will be opened based on the preset parameters
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Open long and close long
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Short
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An initial short position will be opened based on the preset parameters
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Open short and close short
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Long Futures Grid Operation Diagram:
Short Futures Grid Operation Diagram:
2. How to Create a Futures Grid Strategy With a Direction?
1. Access Futures Grid
APP: On the home page, go to "Grid Trading" -> "Futures Grid"; or on the home page, go to "Futures" -> "Perpetual Futures -> "Futures Grid"
2. Create a Futures Grid Strategy With a Direction in 4 Steps:
Users can choose to create a strategy by "Auto" or "Manual". Take "Manual" as an example.
Step 1: Select a desired trading pair
Step 2: Select a Grid direction: Neutral, Long, or Short
Step 3: Set up grid parameters
Step 4: Set leverage & investment amount, and start the strategy
You can set a stop-loss ratio according to your trading habits if needed. The strategy will stop and close all holding positions once the stop loss is triggered.