Strategy Overview
Max Price Control is a that able to Secure your crypto trading funds by prevents irrational buying by imposing automatic trading limits when market prices are excessively high. This strategy ensures that the trading bot operates only within the expected price range, thereby reducing the risk of holding overpriced positions if the market subsequently pulls back.
Normal Trading Bot
Let’s assume the price of a cryptocurrency rapidly jumps from $20 to $28 or higher within a short time. In this type of greedy market, some investors may become overly excited and buy at $28 or above, expecting the price to keep rising.
However, the market could reverse at any moment, and if the price drops back to $20 or lower, investors' funds might get trapped in high-price orders, missing other profit opportunities.
MyITS Trading Bot
When using MyITS Spot Grid Trading, if the market price rises rapidly and reaches a relatively high level, the MyITS Max Price Control Strategy imposes automatic trade limits to prevent users from purchasing overpriced assets.
Max Price Control is a crypto trading risk management Strategy designed by MyITS to restricts high-price purchases to effectively prevent users from accumulating overpriced assets during a market pullback, which could result in funds being struck.
