Helix is releasing Trading Bots, with the first offering now available for select spot markets. Helix Trading Bots now allow users to utilize advanced orders placed by a trading bot to automate the buying and selling of spot markets.
Frequently Asked Questions
1. What trading pairs are available for spot grid trading on Helix?
Spot grid trading is currently designed to work only with spot markets on Helix. The first trading pair available is INJ/USDT.
2. How are the trading fees calculated?
For spot grid trading on exchange dApps on Injective, the only fee that traders incur is an initial fee for balancing the quote and base funds provided for the trading strategy. This fee is used to place an atomic market order to ensure accurate and effective order placements by the trading bot. Once the strategy is set up and triggered, there is no additional maintenance fee for executing within the set parameters.
3. What are Trade & Earn rewards from spot grid trading?
Trades with spot grid trading are not eligible for Trade & Earn rewards. When using the spot grid trading strategy, it is the smart contract that places orders on behalf of users, and the address prompting the smart contract to execute orders is responsible for paying the fees and receiving the associated rewards.
4. Can I run multiple spot grid trading strategies for one single trading pair?
You can only run one spot grid trading strategy at a time for one single trading pair. If you would like to start a new strategy, you will need to end the current strategy and start a new one. Alternatively, you could run a separate strategy through another Injective wallet address.