[//]:content-type-MARKDOWN-DONOT-DELETE Recently, as the price of altcoins has fallen, investors are at a loss. Some users think that the subsequent price will rebound, and some think that the price will continue to fall. From now on, participate in the Trading Bots Grid Prediction Competition! Create or copy grid strategies: long vs short! Guess the trend and share the $20,000 prize pool! ## Introduction to grid strategy The grid strategy is to divide the price of the portfolio into fishnets, set the upper price and the lower price of the grid, and then divide the entire grid into several equal parts of different price levels, and target the price of buying and selling of of each sub-grid line. Then when the target price reaches a certain line of the grid, the robot will automatically buy or sell for you. Simply put, the grid strategy is to keep buying when the price falls, and then keep selling when the price rises, so that when the price fluctuates up and down, it keeps trading in the grid range to arbitrage. As long as the price fluctuates within a certain range, you can make money, and get a certain profit every time you buy and sell. **Explore grid strategy:** https://www.gate.io/strategydiscover ## Event Details: Time: August 17, 2023 - August 24, 2023 ## Activity Rules: **Trading Bots Grid Competition: Long vs Short! Share $20,000** During the event, create or copy a grid strategy. You should predict the future direction of the currency price first. If you think the price of the currency is rising, you can choose a long grid (both spot grid and futures grid are available), if you think the price of the currency is falling, you can choose short futures grid. Participants should meet the following requirements: Grid trading should run for more than 72 hours, The number of runs ≧ more than 10 times, The amount of a single order should be ≧ 100USDT The strategy must be in the Top 10% of the same type of strategy. We will rank the user's annualized yield throughout the competition period, and the Top 50 users who meet the requirements above in the final annualized yield during August 17, 2023 - August 31, 2023 can receive a fixed reward as follows:  ## About Trading Bots Trading Bots is a quantitative strategy trading tool with which users can freely create or copy automatic trading strategies. There are many excellent strategies with long-term stable profits on Strategy Bot, helping users achieve profits during market downturns. Click to enter Trading Bots: "Trading Bots; Stable & Profitable in the Long Run" More Instructions on Trading: https://www.gate.io/help/quants/essential_reading **How to apply quantitative strategies?** Please refer to: https://www.gate.io/help/quants/essential_reading/31121/gate.io-trading-bots-library-instruction-on-quantative-strategies ## Notice 1.No cheating is allowed. Once discovered, all rewards will be canceled and handled in accordance with the rules of the platform; 2.Rewards will be issued in the form of Quant trial funds or Points. Users who won the event must ensure that there is no remaining Quant trial funds in the current account, otherwise the rewards will not be issued successfully; The rewards are valid for 14 days, please use them as soon as possible; 3.The official back-end data export will be used as the definitive source for the results of the activity; 4.Rewards for event 1, and event 2 can be accumulated; 5.The activity rewards will be distributed within 7 working days after the end of the activity; 6.Risk warning: Cryptocurrency trading is affected by many factors such as market fluctuations and policies. The market fluctuates greatly, and at times, it may be difficult to make accurate predictions. Please trade responsibly and make sure you understand all the implications of this activity. **Gate.io reserves the right to the final interpretation of this event.** If you have any questions about this activity or strategy bot products, please feel free to contact us through Telegram or customer service: Trading Bots- Chinese Telegram Group: https://t.me/gateio_copytrading Trading Bots - English Telegram Group: https://t.me/gateio_copytrading_global Customer Service: https://t.me/Gate_CopyTrading Gate.io is your gateway to crypto. Trade over 1,400 cryptos safely, quickly and easily on Gate.io. [Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from[ referrals](https://www.gate.io/referral " referrals"). [Download iOS/Android ](https://www.gate.io/mobileapp?ch=ann27314 "Download iOS/Android ")App right now. Gate.io August 17, 2023