Is anyone able to point me to some good resources for how it works to avoid liquidation.
When I used gridbots in the past I had the ability to set my own number of tokens per grid so I had a better understanding of my limits and margin. Here I only have the option to set my top and bottom price, number of grids, leverage and investment amount. I'm assuming everything is related to the investment amount but I might have made a mistake when choosing long, short or neutral.
I read through the basic help links but it does not state anything about how it decided to invest the funds. Having such a minimalist setup makes me wary of investing larger amounts.
For example if I wanted a set and forget bot. Token market price $100. 90% loss 500% gain as the top and bottom of the grid with 10x leverage and $100 invested. How do I work out my liquidation point?
How does long, short and neutral get calculated here?
How does bybit decide how much to invest per grid?
What happens with leverage if I go outside the top or bottom of the grid with no sl/tp
If I'm down 30% with $100 invested and I add fund's to the bot. Am I just covering my margin or will the bot use the money to add more funds per grid?
Market has been good this week. all but one of my bots are doing well. If I invest more I want to make sure I am properly covered.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.