STRATEGY / SPREAD BOT

SPREAD BOT

1. Let’s talk about Spread bot

This bot monitors the order book and observes the spread between the purchase and sale price, starting operations according to the parameters defined by the user, always competing for the first position in the order book.
It places a purchase order whenever the rules are matched, taking advantage of the best opportunity.
You have to hold 500 GMR to gain access to this feature.

• In the Configuration tab, you define:
  
  1. Exchange - The Exchange in which this strategy should trade on.
  
  2. Base - The base currency represents how much of the quote currency is needed for you to get one unit of the base.
  
  3. Quote - The quotation of the base currency.
  
  4. Spread Target (%) - What is the percentage that will be used in order for this strategy start operating?
  
  5. Stop Loss (%) - How much % of a market fall do you want to exit from your position? (This will execute a forced market order)
  
  

  API Settings
  
  1. Choose API Key - Select your API Key from the list and start the connection with the exchange to be used on this strategy.
  

  After making the settings, save them. Click the RUNNING & ACTIVITY link, and then click START.
  Good Profits.