Hydax involved 3 trading tools to help our users to make more scientific transactions. With these functions offered by the bot, users can receive free services of 'Grid Trading', 'Trailing Take Profit', 'Stop Limit', etc.
1. Grid Trading
Grid trading is a type of trading strategy that profits from the sideways as well as trending market conditions. In the simplest of terms, Grid trading involves hedging, or placing simultaneous buy and sell orders at certain levels. The aim of this approach is to maximize the profits while the in-built hedging system ensures that the risks are minimized.
2. Trailing Take Profit
Trailing Take Profit is intended to maximize profit; the essence of its operation can be examined using the following example: You buy 1 ETH for $100 and set Take Profit of +5%, at $105; You check the box "Trailing"; You set "Follow max price with deviation (%)" to 1.
3. Stop Limit
A stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better).
Hydax X BitUniverse Grid Trading Bounty Program
Boom! Hydax Bounty Program comes back! This time, Hydax is going to introduce a new friend, BitUniverse, to all the hydax community users. Hydax and BitUniverse are going to hold a 3-week Official Event-Driven Bounty Program to reward the community supporters with HDX tokens. 100,000 HDX Tokens will be allocated to the bounty participants. Click the poster below to join the bounty program now!
Hydax X BitUniverse Grid Trading Tool Guide
Following the guides below to install the API on your hydax user-end. You can also contact 7*24 community services by joining @hydaxexchange telegram group.