How to Use Futures Grid Trading Bots on Phemex? (App)

Futures grid trading bots are now available to use for Phemex contracts. They’re open to all and free to use! With futures grid trading bots, you can automatically execute buy and sell orders for futures contracts at customized preset prices and take advantage of market movements.

To learn more about the concept of trading bots, check out the Help Center article What are Crypto Trading Bots .

Currently, Phemex trading bots are enabled for futures grid trading, with spot grid trading features coming soon. Here is how to access and use trading bots on Phemex App:

Open the Phemex App and register or log in to your account.

Tap on the “Trading Bots” icon located in the middle portion of the main page. Alternatively, you can access Trading Bots by selecting “Contract” at the bottom of the app and then clicking the three dot icon located at the top right on the opened page.

When you’re on the trading bots page, you can browse the Bot Marketplace for an existing bot that you believe fulfills your strategic requirements. If you find one you like, click “Copy”.

When you select “Futures Grid” on the Trading Bots page, you’ll be directed to the specific parameters of the trading bot you chose to copy, including highest price, lowest price, and grid quantity. Based on grid configuration, you can preview the selected grid by adjusting the chart display’s time interval. Verify that all the parameters are to your liking, or edit them as needed. When you’re happy with the parameters, input an investment amount. Click “Create” and then click “Confirm”. This grid trading bot will be activated with the preset parameters.

Note that you can also go to the “Hot Picks” tab and view some existing bots to potentially copy.

If you wish to create your own grid trading bot from scratch, select from three strategy options – neutral, long, or short – based on your interpretation of market conditions. Fill out the specific parameters including Price Range, Grids, and Investment amount in USDT.

There are also Advanced Settings available for you to select from arithmetic vs geometric grid, and to specify a trigger price and/or stop price. When you are satisfied with all parameters, click “Create” and the trading bot will be activated.

You can check the status of active trading bots that you’re running. Click “View My Bots” to see your running bots for a more comprehensive summary.

On the “Details” page, you can also see the status of the trading bots including returns, position details, grid orders, and history.

To deactivate a trading bot that’s currently active, simply click “Stop” in the “Active” window.

Congratulations, you now know how to use the futures grid trading bots feature on Phemex App. For more information, feel free to check out the following articles – What are Crypto Trading Bots & How Does Grid Trading Work for Futures Contracts.

Please note that grid trading does come with risks, so make sure you perform adequate research beforehand and conduct strict risk management before trading. 

Hope you enjoy using grid trading bots on Phemex!

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