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.
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 when you sleep, when you work, or when you enjoy your free time.
Grid Trading Bot — 24/7 Auto-Swing-Trade for you.
How to use the Grid Trading Bot on Pionex
Visit Pionex and select Grid Trading Bot from the list of trading tools.
Pionex lets you to choose one of the 2 types of Grid Trading Bot: “Use AI Strategy” and “Set Myself”.
If you choose “Use AI Strategy”, Pionex 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!
If you choose “Set Myself”, you’ll need to input 4–5 parameters: Upper Limit Price, Lower Limit Price, Number of Grids, Amount Per Grid, and Stop-loss Price (Optional).
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.
Grid Trading Bot Example
Use Pionex Grid Trading Bot to make profit in the fluctuated sideways-market with the BTC/USDT Trading-Pair. Set the parameters like this:
- Upper Limit Price: 8000 USDT
- Lower Limit Price: 5000 USDT
- Grid Quantity: 10
- Quantity Per Grid: 1 BTC
After the bot has been created, it’ll slice the range from 5000 to 8000 into 10 sections (Grids) and place orders in each of these sections. As the price fluctuates, it’ll keep executing the buy orders whenever the price goes a bit down and the sell orders whenever the price goes a bit up, as long as the price stays within the range of 5000–8000. It will earn you a small profit for every set of buy and sell order that has been triggered.
- If you set a Stop-loss Price for the Grid Trading Bot, it’ll cancel itself and all the base currency will be sold to the quote currency, once the price drops below it. If you ran the Bot on BTC/USDT pair for example, the bot will sell your BTC to USDT and close the bot once the price reach your stop-loss price.