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Grid Trading Bot
v1
1. Why should I use a Grid Trading Bot?
Grid Trading profits from the ups and downs of the market. You set a Price Range for the bot, adjust how many Grids you want and as long as the price stays within your set range, the bot will always sell a portion when the price goes a bit up and buy a portion when it goes a bit down. It’ll be perfect on a fluctuated sideways market.
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Pionex Grid Trading Bot
Grid Trading makes it easy to gain a stable, passive profit with low risk in the volatile crypto market. By using the Grid Trading Bot, you will avoid all the emotional decisions and lockup small profits all the time, while the price keeps fluctuating. The Bot does this while you sleep, when you work, or while you enjoy your free time.
Grid Trading Bot — 24/7 Auto-Swing-Trade for you.
2. How to use the Grid Trading Bot:
step 1: Open BitUniverse app and click "Trade" on the bottem, then click "Bot" on the top. After selecting echange account and trading pair you want to use, click "Create a Bot".
Step 2: Click "Create" button right after “Grid Trading Bot”.
Step 3: Choose AI Strategy or set by yourself.
AI Strategy – Best option for novices:
If you choose “Use AI Strategy”, AI Advisor will suggest a set of parameters for you. The parameters were calculated from backtesting the last 7-Days. You’ll see the recommended Price Range and Profit Per Grid as preview. All you’ll need to do, is to use the slider to choose how much of your funds you want to use.for the Grid Trading Bot. Once you have done that simply click CREATE and the bot will start trading and generating a passive income for you!
Set myself – Advanced option for experienced traders:
If you choose “Set Myself”, you’ll need to input the following parameters and click "Create".
Basic setting are as follows:
- Upper Limit: The highest price that you expect
- Lower Limit: The lowest price that you expect
- Grids: The min number of grids is 2, and the max is 99.
- Quantity per grid: The amount of tokens the bot will buy or sell once it hits the target price.
Once you set those four parameters above, it will show the Required balance, which the minimum amount of tokens to create this bot.
By choosing a percent right after "Quit Input", you can decide the percent of available balance to invest to run this bot.
You can also stop loss by setting a "Stop Loss Price". Once the price hits the stop-loss price, the bot will be auto canceled, and the coins that the bot holds will also be auto sold.
After setting all the parameters, just tap the “Create”, then your bot starts!
After you created the bot, it’ll ask your permission to re-allocate the amount of the two coins of the chosen pair for you. Several buy and sell orders will be placed, which will enable the bot to buy low and sell high for you, as long as the price fluctuates within your set Price Range.
Other parameters explanation:
- Total Investment: The funds to run the bot. You can move the slider to decide how much you wanna invest.
- Total profit = Grid profit + unrealized profit
- Grid profit = (Single grid profit-trading fees) × arbitrage times, and Grid profit showing on BitUniverse has already deducted the trading fees
- Unrealized profit= Total profit – Grid profit
- Grid annualized: ( Grid profit/ Total investment)/running days *365
- Total annualized : ( Total profit/ Total investment)/running days *365
Warming tips:
Crypto investment is risky, you need to be cautious when creating any trading bots. Especially, when the price goes down, the bot also might make the negative profits. Wish you a nice day, and Happy trading~
Last modified 7mo ago
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Contents
1. Why should I use a Grid Trading Bot?
2. How to use the Grid Trading Bot:
step 1: Open BitUniverse app and click "Trade" on the bottem, then click "Bot" on the top. After selecting echange account and trading pair you want to use, click "Create a Bot".
Step 2: Click "Create" button right after “Grid Trading Bot”.
Step 3: Choose AI Strategy or set by yourself.