Double Grid Strategy || Running Long and Short Trades || XAG/USDT
There is another great way to make profit with the Futures Grid Strategy by using the Hedge Mode system. In this method the price stays within a selected range for as long as possible. The longer the price remains inside that range the more grid profit you earn.
Today I want to share another strategy that can be very profitable. It works especially well in a sideways market and has the potential to generate consistent profits.
Here's what you need to do...
Choose Silver and set a trading range of 10% above and 10% below the current price.
Lets say...
- Current price: $60
- Upper range: $70
- Lower range: $50
Now at the current price of $60, start both a Long Grid and a Short Grid using the same price range.
Set the number of grids between 100 and 150 depending on which setting gives the highest grid profit.
Invest:
- $1,000 in the Long Grid
- $1,000 in the Short Grid
Do not use leverage. Run both grids with 1x leverage only.
How It Works
With this setup, every time the price moves by around 0.16% the bot automatically trades a small portion of your funds.
As long as the price continues moving within the $50 to $70 range the bot keeps generating grid profits.
According to my calculations this setup can generate around $8 to $10 per day in grid profit.
What Is the Risk?
Now let's understand how a loss can happen.
If Silver suddenly becomes very volatile and moves directly in one direction. for example, from $60 straight to $70 or drops quickly from $60 to $50. you may need to book a loss of around $70 to $80.
However this is a fairly wide trading range so it usually takes time for the price to move completely outside it. In many case the price spends a longer time moving within this range.
According to my calculations if the price stays inside the range for at least 7 days, your accumulated grid profits should be enough to break even.
Even if the price leaves the range after that you should not have an overall loss.
If the price remains inside the range for more than 7 days, every extra day adds more profit, creating a steady daily income.
Stop Loss Plan
Your stop loss is simple.
As soon as the price moves outside the selected range, close both the Long Grid and the Short Grid.
- Close the Short Grid and book its profit.
- Close the Long Grid and accept its loss.
Your final result depends on how long the price stayed inside the range.
- If it stayed there for at least 7 days, you should be around breakeven.
- If it stayed longer than 7 days, the extra grid profits become your net profit.
In my opinion, this is a relatively safe Futures Grid strategy because it uses Hedge Mode, 1x leverage and a clear stop loss plan.
Sometimes the market stays within the same range for 3 to 4 days and you may already see an overall profit. At that point you can either close the strategy and secure your gains or continue holding it if you believe the price will remain in the range and generate even more profit.
I hope you found this strategy useful.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
REMEMBER: We should prepare for the unexpected and always hope for the best. Life may not be easy but you must do your best and leave the rest to God...
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
Leave Double Grid Strategy || Running Long and Short Trades || XAG/USDT to:
Read more #hive-167922 posts
Best Posts From Asgharoo
We have not curated any of asgharali's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Asgharoo
- SKRITKA is truly unique || Flexible Death Monster That Excels as Both a Double Striker and a Powerful Tank
- I Found an INSANELY Cheap Monster That Hits Hard || Mad Kaboomist
- Heloise the Hollow || Five Incredible Abilities Behind Its Expensive Price || Is It Worth $700?
- Grid Strategy Results || How Much Profit After 5 Days?
- The Best 0 Mana Monster for Every Splinterlands Battle || Small Cost, Big Value
- Skyspire Yak || The Cheapest Fire Monster That Hits Like a Beast!
- Double Grid Strategy || Running Long and Short Trades || XAG/USDT
- Mahkah Hemlig || A High-Value Magic Monster for Competitive Battles || Is It Worth $24?
- Best Strategy for Using Anachron Bolter || A Double Striker Monster
- Shock Trooper: A Small Mana Card With Massive Power