Margin GRID Bot
v2
By DAVE
Contents:
1 What is Margin GRID Bot
2 Who needs Margin GRID Bot?
3 How to use Margin GRID Bot on Pionex?
3.1 Short with Margin GRID Bot
3.2 Long with Margin GRID Bot
4 Parameter of the Marin GRID Bot
5 Example of using a Margin GRID Bot
1. What is Margin GRID Bot
Margin GRID Bot combines the typical grid trading strategy and the lending market. It allows traders to lock up their funds as collateral. Traders are also able to short or long with the Margin GRID Bot.
2. Who needs Margin GRID Bot?
2.1 Advanced traders who try to profit from the trending market without risking their long-term holding position.
2.2 Users who try to short or long the market.
3. How to use Margin GRID Bot on Pionex?
3.1 Short with Margin GRID Bot
(1) Select “Loan BTC.” You’ll use your USDT as collateral and get BTC to short Bitcoin.
(2) Select the leverage for your Margin GRID Bot. Currently, 0.2x, 0.5x, 1x, 2x are available.
(3) Configure the parameters for the GRID Bot. Most of them are the same as a typical GRID Bot.
3.2 Long with Margin GRID Bot
(1) Select “Loan USDT.” You’ll use your BTC as collateral and get USDT to long Bitcoin.
(2) Select the leverage for your Margin GRID Bot. Currently, 0.2x, 0.5x, 1x, 2x are available.
(3) Configure the parameters for the GRID Bot. Most of them are the same as a typical GRID Bot.
Margin GRID Bot won’t use your collateral for trading in the GRID Bot, while Leveraged GRID Bot involves your collateral. The collateral is also different while you’re going long with Margin and Leveraged GRID Bot.
After setting all the parameters, tap the “CREATE” button, and the bot will start trading for you.
4. Parameter of the Marin GRID Bot
Lower limit: The lower bound of the price range.
Upper limit: The upper bound of the price range.
Grids: The grid amount in the price range.
Leverage: Total leveraged amount for your principal.
Borrowable fund: Available fund in the Pionex pool for traders to borrow.
Daily interest: The interest will be charged every hour. It’s a dynamic interest according to the available borrowable fund. The interest will be higher if more users use leveraged grid bot, vise versa.
Estimated liquidation price: the position of your bot will be liquidated if the price reaches the liquidation price.
5. Example of using a Margin GRID Bot
Configure a Margin GRID Bot as the following parameters:
Long/Short: Long. Loan USDT.
Pair: BTC/USDT
Range: 3,000 ~ 8,000
# of Grids: 50
Type of Grid Width: Arithmetic
Leverage: 2x
Total Investment: 2,000 USDT
For using a Marin GRID Bot as the settings above, you can enjoy the profit from the GRID Bot while also holding your initial amount of Bitcoin. If the price goes up, you receive the profit from the GRID Bot itself, and the profit from your collateral (BTC).
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