Spot Grid Bots allow users to deploy a Grid Trading strategy on the Spot markets of Bybit. Grid Trading involves placing orders at specific price levels above and below a given reference price, creating a grid-like pattern. The grid consists of a series of buy and sell orders at gradually increasing or decreasing prices, allowing traders to take advantage of price fluctuations within a defined range.

The Grid Trading strategy is particularly useful in volatile range-bound markets, where prices can experience significant fluctuations within a predetermined price range. By placing orders at various price points, traders aim to profit from small price changes without relying on large market movements in either direction.

Once a Spot Grid Bot is running, it automatically places and executes buy and sell orders within the predetermined price range. As long as the asset's price remains within this range, the bot can generate profits without requiring active management. This means that trading with Spot Grid Bots can provide a systematic and automated approach to capturing potential gains from price movements within a specified range.