The cryptocurrency exchange Binance is gradually introducing its new feature, “Trailing Up,” for Spot Grid Trading Bots, and its complete launch is expected by the end of October 2023.
According to the announcement, Spot Grid Trading Bot can automatically move the corresponding configured price range upward when prices rise.
Without having to manually modify the configured price range, the feature enables users to keep placing orders at predetermined intervals through Spot Grid Trading Bots, potentially securing higher profits in an uptrending market.
When a Stop-Loss price is set for a Spot Grid Trading Bot that has the “Trailing Up” function enabled, the Stop-Loss price will rise in step with the direction of the configured price range.
For early access to this feature, users may have to complete the form mentioned on the website, or they can use the Binanace app. After the next working day, successful applicants will be able to access the feature.
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