Introducing the new Edit Parameters feature on Spot Grid Bots
We’ve introduced a powerful new feature: the ability to edit the parameters of your running Spot Grid Bots. This highly requested update is designed to give you more flexibility and control over your trading strategies, making it easier to navigate market fluctuations and maintain your trading approach.
Why we created this feature
Our users have consistently voiced the need for greater control over their grid bot settings without the hassle of closing and reopening bots. With the new Edit Parameters feature, you can now adjust key settings such as the upper and lower range or grid quantity on the fly. This ability to make real-time adjustments allows you to better respond to changing market conditions while keeping your trading strategy consistent.This feature is particularly beneficial for key influencers, as it makes sure that any changes made to their bots are seamlessly replicated across their followers’ bots. Driven by extensive feedback from our community, this update addresses the importance of maintaining long-term strategies and enhancing the overall user experience.
Key product changes
Edit Grid Range and Grid Quantity: You can now directly adjust the Grid Range and Grid Quantity within your running bot, providing more flexibility in your trading strategy.
Trailing Up/Down Disabled after editing: Once you make edits, Trailing Up/Down will automatically be turned off and can’t be adjusted separately.
Advanced Start/Stop conditions unchanged: The existing Advanced Start/Stop conditions will remain in place and can’t be modified after editing.
Asset top-up requirements: If both your base and quote assets are insufficient, you’ll need to top up your quote assets to meet the new minimum trading requirements. Topping up base assets isn’t permitted.
Automatic PnL reinvestment: After making edits, your PnL will be reinvested by default, ensuring your position continues to grow.
Marketplace workflow not included: During this phase, edits made by lead traders won’t be broadcast to subscribers, keeping the focus on individual bot management.
Edit availability: Edits can be made in all running states except for STOP_DELAY_TRIGGER, offering maximum flexibility while your bots are active.
We’re excited to share that the Edit Parameters feature will be extended to Futures Bots during Q4 2024. Stay tuned for more updates as we continue to enhance your trading experience.
© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read our Terms of ServiceTerms of Serviceand Risk Disclosure Statement for more information.
