How to Use a Grid Bot on Pionex?

How to Use a Grid Bot on Pionex?

GRID Bot is the emerging star among several crypto trading companies. It is a powerful yet old trading approach that benefits from the fluctuating crypto market. You only need to define a range for it, which will assist you to “buy low and sell high” automatically in the region.

It buys and sells orders in certain price areas, therefore guaranteeing the standard volatility for tiny and stable earnings. It is ideal for beginners or already established traders.

0.2% to 0.5% per day is achievable with a grid bot. You can average about $10 per day with about $2,000 in the market using grid bots.

STEP BY STEP GUIDE TO USING GRID BOT

  • Deposit funds – You first need to deposit cash to start using Pionex.

  • Choose a Trading Pair and Set the Parameter for GRID Bot

  • A GRID Bot is available in two modes. You can use the AI strategy to set up your GRID bot if you are new to the GRID Bot. You can also create your own Set Myself strategy.

  • How the “AI Strategy” Mode of the Grid Bot Works

  • Over the last seven days, the bot estimates coin volatility. On this basis, the bot determines the channel or range of the upper and lower values to trade in internal swing.

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The Grid Bot divides the amount assigned to your selected trading pair. It sets up a limit grid for buying and selling orders on the channel selected. So, the bot sells X and takes profits in Y, when the price reaches one of the lines above the present rate. When the price falls, Y will be bought. And so on, while the price stays on the channel.

How the Grid Bot Works in Set Myself Mode

You can set the price range, the number of grids, and the distance between them independently in the Set Myself mode. These changes will enable you to improve the strategy with only some basic knowledge. Recall that, when working in the Grid Bot manual mode, the minimum gaps between grids must be larger than the commission size multiplied by two (sale & purchase charges) for the bot to make a profit.

Check the Performance Every Day

Pionex offers extensive data on your GRID Bot’s performance. The performance of crypto-traders can be visualised with GRID Bot data.

Pionex Reverse Grid Bot

Reverse grid bot is as same as normal grid bot. Only diference is, that you use first currency in pair, and it shows you how much tokens did you earn, instead of usdt. But consensus is still the same. Buy when it is goin down, sell when it goes up.

Futures Grid Bot (Grid Bot With Leverage)

Works the same way as regular grid bot but you trade with leverage. When you open a trade with leverage, there’s a price that’s calculated automatically. This is the ‘liquidation price’ and if the price hits that, then 100% of your money is gone and you’ll be ‘liquidated’ – the trade automatically closed out and you get a -100% return on whatever you put into the trade.

Pionex Arbitrage Bot (The Crypto Arbitrage VIP Bot)

Spot Futures Arbitrage Bot profits on coin price volatility by buying short futures positions while keeping the same amount in the spot market. This ensures you have almost no capital risk because you may sell your spot contracts to offset the loss on your short positions if the ticker price rises. The financing fee, which is delivered to holders of short positions and can be checked in Binance or the Pionex app, is how the bot makes money.

Pionex DCA Martingale Bot

Martingale is predicated on the notion that you will ultimately be correct and earn by averaging down.

In my experience, the bot buys in increments, establishing a new profit objective when the price falls. Small buy, but 5 safety orders.

1/32, 1/16, 1/8, 1/4, 1/2

This is the proportion of your position at risk as the price passes safety orders. Price declines, rolls downhill, and retraces for bigger gains.

In a rising market, you only get the rise up to the take profit ratio, 1% or 0.5% etc.

Suggestions.

Be careful with pricing. If you set the scale at 1 or less, you risk rapid disaster if the price drops because that delivers a little amount before safety limits. I’ve tested price ratios. 2.0% is a secure cushion, 1.5% is more profitable, and 1.2% is harmful because it’s just 6% compared to 10% with 2.0 or 7.5% with 1.5. At 1.2, the bot went underwater.

Take profit ratio is also optimal. If you set it at 0.1%, you’ll have many executions but little profit. If your profit objective is above 0.7%, the price is less likely to rise in a declining market. I’ve noticed that 0.5% and 0.6% give roughly 1-5% larger results.

SHIB is suitable for a Martingale bot due of its price volatility. A Martingale bot might be used to hedge a SHIB investment, for example 15,000 in a Martingale and 5,000 in SHIB. You’ll make money if SHIB goes sideways or 10x.

Pionex bots have greater APR potential then staking on major currencies and liquidity in case the market shifts. To use pionex bots to establish a good entry point, you must understand trading and technical analysis.

Pionex Rebalancing Bot

Your portfolio will be rebalanced every 5 minutes by the rebalancing bot. The bot will skip that period and wait for the next one if the rebalancing amount is less than the minimum order value for that pair.

1-hour or 4-hour intervals are the best (for BTC + USDT bot but since the crypto market moves in a similar manner to BTC, this might apply to other coins). A 3% to 5% threshold is the best for BTC USDT rebalancing bots (might not apply to other coins). Rebalancing based on threshold produced slightly better results.

HODLing tends to perform better than rebalancing in the bullish market (BTC-USDT bot). Rebalancing tends to perform better in the bearish market.