Grid Trading Bot
Feeling confused? You can find out how to contact us at the end of the article.
How to create a bot: as easy as 1-2-3
1. The easiest way to open up a bot: Grid Trading Moon Strategy
-First, click the “Trade” button on the top of the page, and find your desired trading pair on the list.
-Type or slide the amount of USD or USDT you want to invest.
-Click “Create BTC/USD bot”
What it’s good for:
i. A long-term strategy better than holding
ii. Best for beginners
iii. Set and forget
2. AI setting (Easy, Smart, Autopilot)
-First, click the “Trade” button at the top of the page
-Find your desired trading pair on the list.
-Chose “Pro” on the right hand side
-Click “Create” in the Grid Trading section
-Type or slide the amount of USD or USDT you want to invest.
-Click “Create BTC/USD bot”
3. Manual setting (micromanage your position like a pro)
-First, click the “Trade” button at the top of the page
-Find your desired trading pair on the list.
-Chose “Pro” on the right side
-Click “Create” in the Grid Trading section
-Click “manual setting”
-Fill in the parameters:
- Upper and lower limit
- Amount of the grids
- Type or slide the amount of money you want to invest.
-Click ”CREATE” to create the bot
-Expand the advanced settings area below if you need to set advanced parameters.
Parameter meaning
- Upper price: The highest price bot will sell your position for profit
- Lower price: The lowest price bot will buy the dip
- Grids: Divide the interval upper limit price and interval lower limit price into corresponding shares.
- Total Investment: The amount of cryptocurrencies you plan to invest
- Advanced settings: advanced parameters for you to micro manage your bot.
Advanced settings
- Trigger price: Open up a bot with pre-programmed settings, after hitting a trigger price. (For example, the current price of ETH is 2000USDT, and the trigger price is set as 2100USDT. When the price of ETH reaches 2100USDT, the bot will be created automatically)
- Stop loss: After the price drops to this price, the bot order will be closed and your remaining spot position in the bot will be sold.
- Take profit: After the price exceeds a set price, the bot will be closed and sold your remaining spot position in the bot for profit.
- Slippage control: To control the deviation of the final transaction average price of the initial order and the price at the time of placing the order within a certain percentage range through parameter setting. (Due to the large
- Grid mode-Arithmetic: the price interval between each arithmetic grid is equal (for example, 1, 2, 3, 4)
- Grid mode-Geometric: the price interval between each geometric grid is proportional (for example, 1, 2, 4, 8)
- Investment-USDT Only: Only use USDT to create the grid bot.
- Investment-Both: You can invest both coins in your account at the same time to create the grid bot (for example, when you select the BTC/USDT trading pair, you can use your existing BTC to fill your BTC position in the bot instead of purchase with USDT)
Example
Take the BTC/USDT trading pair as an example, the setting parameters are:
Upper price: 100000 USDT
Lower price: 10000 USDT
Grids: 500
Grid mode: Arithmetic
Total Investment: 600USDT
The price of BTC/USDT while the strategy was created: 15883.83USDT
Explanation
After the bot is created successfully, the order will buy a certain percentage of the spot at the current price and place sell orders above the current price; the bot will keep a certain percentage of USDT to place buy orders below the current price. The bot will automatically buy low and sell high within the price range and accumulate the grid profit 24/7.
When the price rises above 100000 USDT or falls below 10000 USDT, the strategy will be suspended. When the price returns to the price range, the bot will resume its trading operation.
Risk——with great power comes great responsibility
- If the price gets out of the upper or lower limit, the bot will temporarily stop. It will operate again after the price got back in the price range. (note: If the user sets the stop price, and the stop price is triggered. The grid strategy will be terminated)
- Grid trading bot is a trading tool but should not be regarded as financial or investment advice from Pionex.
- If the user sets the number of grids too small, and the price fluctuates at the two points (which two points are far away from each other) set by the user, the system will not automatically place orders.
- During the operation of the grid strategy, if the currency encounters unpredictable circumstances such as suspension or delisting of the currency, the grid strategy will be automatically suspended.
- It is recommended that users should read and fully understand the Grid Trading Tutorial and make risk control and trade rationally.
Still confused? We are here to help!
Currently, we are hosting online 1-on-1 onboarding sessions to help you understand our bot better.
If you want to know more about Pionex.US, and how to use our trading bot in this bear market, you can try to schedule an online session with us. We will also airdrop a $50 award for each valid new user you refer to the online session. To learn more about the session and how to get the referral reward, check the link below
Book an online session with Pionex.US specialists
This session is for new users only. If you have any questions, you can email us at Arthur or Ray
Download the Pionex.US app to trade on the go: iOS | Android
Follow us to stay up to date with Pionex.US news and announcements:
Pionex.US on Twitter
Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously, Pionex.US could not assure any profit. Risk Disclaimer