This is how I participate in Binance Futures Trading Challenges using a Grid Trading Bot.
For example, in the FOGO Futures Trading Challenge, achieving a high trading volume is required to qualify for rewards, so I create a bot and let it trade automatically. Depending on your market view, you can open a Long, Short, or Neutral bot. If you think the market will move sideways, open a Neutral bot; if you think it will go down, open a Short bot, and vice versa.
Next, customize the price range, number of grids, investment amount, and leverage. You can also set take profit (TP) and stop loss (SL) when creating the bot. Then click Create, and you’re done.
Each Futures Trading Challenge requires a certain trading volume to earn rewards. Please note that Futures trading involves risks, and Grid Trading Bots are not easy to use, so consider carefully before participating.
I hope these insights help you gain a more objective perspective and potentially earn rewards from Futures Trading Challenges. DYOR.
$FOGO
