🔑 Quick Overview of the Elirox GRID Bot:
This guide will walk you through the process of setting up a GRID trading bot in the Elirox app. If you’re just getting started with the GRID strategy or want to explore it in more detail, take a look at our guide on how GRID works: Trading strategies: GRID.
In the main settings, you can configure:
Asset: Select the financial instrument (e.g., currency pair) you wish to trade.
Position Type: Choose between a long, short, or reversal position.
📈 Long Position: Opens only buy orders — best in an uptrend. Captures profit as the market rises, avoids counter-trades, but becomes less effective if the trend reverses.
📉 Short Position: Opens only sell orders — used in a downtrend. Locks profit on declines, avoids counter-moves, but becomes less effective if the market turns upward.
🔁 Reversal Position: Opens both buy and sell orders — ideal for sideways markets. Earns on swings in both directions, but carries higher risk in strong trends.
Investment: Define the total investment amount allocated to the bot.
AI Preset: Use the AI Preset to automatically set the optimal parameters for your strategy, with three modes based on your risk level.
Conservative — Fewer trades with wider spacing between orders, offering lower risk.
Optimal — A balanced setup with moderate spacing and trade frequency.
Aggressive — More frequent trades with tighter spacing, carrying higher risk but also greater potential returns.
Alternatively, you can switch to manual setup. Just press Customize parameters to enable this mode.
Once you’ve selected your strategy style, you can also configure the grid itself:
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