Best Grid Trading Bot in Swinging Market

Dave Yeh
5 min readNov 29, 2018
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Read the full introduction on our official blog: Why should you use GRID BOT?

Pionex — An Exchange For Trading Bot ⬇️⬇️⬇️

  1. Trading bot were provided directly on the exchange — More stable compare to API trading
  2. Low trading fee — Pionex trading fee is now 0.05%
  3. Good liquidity — Pionex merges the liquidity from other exchanges.
  4. More bot, more profit.

In the past 6 months, Bitcoin has been swinging between 5400 and 7800. In such small fluctuation, both left-side trading and right-side trading won’t have any space for profits.

Let me introduce a Bitcoin Trading Bot called Grid Trading which is the best trading bot in a swinging market.

ABOUT GRID TRADING

Grid trading is a type of trading strategy that profits from the sideways as well as trending market conditions. In the simplest of terms, Grid trading involves hedging, or placing simultaneous buy and sell orders at certain levels. The aim of this approach is to maximize the profits while the in-built hedging system ensures that the risks are minimized.

How Grid trading works

Grid Trading strategy will keep making profits as long as the price fluctuates. It’s clear that every trade is profitable in the following graph. Grid Trading Bot is settled between 3,300 to 4,200 for Bitcoin. When the price hit each target price in the grid, the bot will take some profits.

BitUniverse AI Advisor is now available

If you’re a newbie and don’t know how to config the bot, BitUniverse AI Advisor is here to help! From our statistic, our AI users made average 10% more than the normal users!

Step by step guide to start Grid Trading with BitUniverse

In this tutorial, we picked BNB/USDT as an example. Grid Trading Bot will perform from $22 to $26. There are 40 grids with 0.8 BNB each. It’ll purchase 0.8 BNB while the price rise and break through one grid, sell 0.8 BNB if the price drop and break through one grid.

Let’s check out how to setup the Grid Trading Bot 🙌 🙌 🙌

STEP 1: Pick a coin you’d like to use with the grid bot
STEP 2: Guided by AI advisor or adjust the parameter yourself
STEP 3: Create your first ever Grid Trading Bot and enjoy your profit 😏

TIPS: Suggestion for profit per grid — 0.5~2%

After choosing the AI advisor, you’ll see the following screenshot sometimes. That’s because each exchange has its own trading rule for the minimum value per order. For example, in Binance the minimum value per order with USDT pair is 10 USDT. Which means you’ll need at least 10 USDT per grid in Binance if you’re using the USDT trading pairs.

So our bot won’t let you adjust the amount per grid in this case. Because even it use the minimum value to calculate the required balance, you couldn’t reach the minimum balance.

The solution for this is to narrow down the grid range or use less grid. (or deposit more USDT to fit the minimum requirement)

After the Grid Trading Bot has created, you may browse the details of your Grid Trading Bot and ROI report for it.

Your current placed orders and completed orders can also be found in the DETAILS page.

TIPS for Using a Grid Trading Bot in Crypto Market

  1. Start your Grid Trading Bot only in swinging market. You might suffer from some loss if the price keeps tanking.
  2. Suggestion for profit per grid is 0.5% ~ 2%
  3. Ensure you have sufficient BNB and Huobi Point while trading in Binance and Huobi. (Lower your trading fee to ensure your profit)

How to get the access of Trading Bot in BitUniverse

Grid Trading Bot is only available in the specific version of BitUniverse.

👉 For iOS users, you should install Signature version from our official website.
👉 For Android users, you could download the BitUniverse app directly from Play Store.

Come and join us, let’s talk in our trader group: https://t.me/butrader

Keywords: Bitcoin Grid Trading, Litecoin Grid Trading, Cryptocurrency, Trading Bot

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