Overview

Understand [Spot Grid Copy Trading] in 5 Minutes

  • What is Spot Grid Copy Trading?
  • Traders' Guide
  • Copiers' Guide
  • FAQs on fees

What is Spot Grid Copy Trading?

Spot Grid Copy Trading is a feature provided by BingX that allows copiers (ordinary investors) to copy the traders' spot grid strategy and participate in the spot market arbitrage.

We welcome top spot trading users to apply for Trader status and help other users to arbitrage and earn commissions for themselves through Spot Grid Copy Trading to achieve a win-win outcome.

 

Trader Guide

Join the Traders rank and explore the new feature

1. Create a new grid trading strategy, either manually or using the system default strategy.

Note: Depending on the grid parameters, the system will prompt the minimum investment for the strategy.

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2. The trader agrees to share the grid strategy by default and is entitled to 8% of his/her copiers' profit.

3. The profit share will be settled when the copier closes the copied grid order. Visit "My Trades" to check your earnings, and the strategy will no longer be displayed in the Spot Grid list after 15 minutes.

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4. Share the amount of profit made from your grid strategy

Actively share your trading strategy on Feed and other social media will help you to gain more copiers

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5. How to get on to the Spot Grid traders list

  • Investments ≥ 100 USDT
  • The annualized yield for your spot grid strategy ≥ 0%
  • The strategy must be running for more than 1 day

 

6. Supported Trading Pairs

BTC

ETH

XRP

SNX

LTC

UNI

LRC

MATIC

GALA

GRT

RNDR

LINA

CHZ

ENS

STORJ

INJ

LINK

SXP

BNT

CVP

BAL

EOS

FIL

AXS

SUSHI

CRV

SKL

ZRX

SRM

TRX

SAND

YGG

CHR

ETC

NU

DOT

SOL

FTT

BCH

COMP

DOGE

EDEN

ADA

MANA

AGLD

SHIB

ENJ

OMG

API3

DYDX



 

Copier Guide

Join and copy our elite traders in Spot Grid Copy Trading

Reference: BingX Grid Trading "Backtested 7D annualized yield" BTC | 59.72% ETH | 77.63%

Statistics Time: 2022-03-11 09:15 (UTC +8)

 

1. On the bottom navigation menu, tap "Copy Trading" - "Spot Grid"

You can view the list of traders that share their spot grid strategy on this page, with search, filter and sorting options.

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2. Definition of traders' metrics

Investment: The amount of USDT invested into the strategy

Cumulative Profit: The cumulative PnL of the strategy since its inception

Annualized Yield: The annualized rate of return over a given time period

Order Book: The pending orders for the current strategy

Arbitrage history: Details of the realized PnL of this strategy

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3. Choose a trader you trust, complete "Copy Settings" and start your copy trading journey

1) There is a minimum Copy Trading Funds required to copy a grid strategy, which varies according to the strategy parameter.

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2) Copy the trader to close grid position | On/Off
On: When the trader closes the strategy, your copied strategy will close automatically;
Off: When the trader closes the strategy, your copied strategy will continue to run until you close it manually.

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3) When your copied strategy is closed, 8% of the profit will be rewarded to your strategy provider (Trader) automatically.

 

FAQs

1. Trading Fee

Consistent with BingX Spot Trading Fee

https://bingx.com/en-us/spot/fees/

 

2. What will happen when the current price is not within the preset range?

If the current price has exceeded the preset price range, the strategy will stop placing an order. The strategy will continue to run only after the price returns to the preset range.

 

3. How often do the data on the strategy page update?

All data is updated every 15min, please wait patiently. Please get in touch with our online support for any inquiries.

 

4. Why is the PnL between the trader and copiers not consistent?

There will be inconsistencies in PnL under the same strategy as traders and copiers run the strategy over different time periods, resulting in different spot prices.

 

5. Are parameters of running strategies adjustable?

No. The feature does not support any parameter adjustment for the running strategy to avoid expectation inconsistencies. If you need to adjust the strategy, you can turn it off and create a new one.

 

Reference:

Copy Trading: https://bingx.com/en-us/traders/

Grid Auto Trading Robot: https://bingx.com/en-us/strategy/

BingX Operation Team
2022-03-22