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What is the Trailing Up function?

The Trailing Up function is an add-on Grid Bot feature. For more details on Grid Bot, refer to the Grid Bot <a href="https://help.crypto.com/en/articles/6471395-grid-trading-bots" rel="nofollow noopener noreferrer" target="_blank">FAQ</a>. The Trailing Up function allows you to automatically move your grid upwards to capitalize on upward market trends when the market moves upwards, allowing the Grid Trading Bot to take profit as the price rises.

How does the Trailing Up function work?

While setting up your Grid Bot, enable the Trailing Up function, and the entire grid will be moved automatically during an uptrend. 

Here’s an example when you set the following parameters:

When the market price hits the Upper Price + Spread (66,000 USDT + 500 USDT), the first Trailing Up Price is triggered. When this happens, the lower limit (63,000 USDT) will be cancelled and the grid shifts up by one interval. Now, the new upper limit price is 66,500 USDT and the new lower limit price is 63,500 USDT.

When the market hits 67,000 USDT, the Trailing Up function will be triggered again. The initial lower price of 66,500 USDT gets cancelled, and the grid shifts up again.

Since the Trailing Up Price Cap is 67,000 USDT, the grid will not shift higher in the event that the price surpasses the fixed Price Cap. 

Once the grid has trailed up, the grid will not shift back down to its original settings.

1. When the market price hits the Upper Price + Spread (66,000 USDT + 500 USDT), the first Trailing Up Price is triggered. When this happens, the lower limit (63,000 USDT) will be cancelled and the grid shifts up by one interval. Now, the new upper limit price is 66,500 USDT and the new lower limit price is 63,500 USDT.
2. When the market hits 67,000 USDT, the Trailing Up function will be triggered again. The initial lower price of 66,500 USDT gets cancelled, and the grid shifts up again.
3. Since the Trailing Up Price Cap is 67,000 USDT, the grid will not shift higher in the event that the price surpasses the fixed Price Cap. 
4. Once the grid has trailed up, the grid will not shift back down to its original settings.

When should I use the Trailing Up function?

The Trailing Up function can be useful during highly volatile markets where the price of an asset can fluctuate rapidly. The function was designed to help the Grid Bot respond to these price changes more effectively. 

If the market is in a clear uptrend, the function can help to automatically move the grid upwards in line with your risk tolerance as the price rises, rather than keeping within the existing grid prices. This will allow the Grid Bot to execute higher prices in an upward market.

How do I enable the Trailing Up function?

To use the Trailing Up function when creating a Grid Bot: 

Enter all your parameters and then toggle the Trailing Up function 

(Optional) To manage risk, enter a Price Cap 

1. Create your Bot under the Manual Mode 
2. Enter all your parameters and then toggle the Trailing Up function 
3. (Optional) To manage risk, enter a Price Cap 

Can I edit my Trailing Up function parameters?

Once your Trailing Up function has been enabled, you can no longer disable it. You can, however, edit your Trailing Up Price Cap.

Navigate to Dashboard &gt; Bots &gt; Grid Bot

Under an active bot, tap Actions &gt; Edit Bot

Here you will be able to edit the Bot’s name and edit the trailing up price cap (if enabled)

1. Navigate to Dashboard &gt; Bots &gt; Grid Bot 
2. Under an active bot, tap Actions &gt; Edit Bot 
3. Here you will be able to edit the Bot’s name and edit the trailing up price cap (if enabled)