Is there a group or place to copy expert traders strategy?
Answer Yes there are . You have to meet the requirement to be able to copy their trades however there are influence who post their bots and ideas which you can copy
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How good is pionex with automated spot? Is pionex free?
Answer Pionex bots are free . You don’t pay for using them . The only fees on pionex is transaction fees which is 0.05%
What is liquidation risk?
Answer Liquidation risk is the % at which your trade would be automatically closed because the loss of trade equal your margin invested . This is usually called margin call .
How do I put a stop loss order in pionex? I buy spot (manual) and not using any bot
Answer The stop-loss order is moved into bot section. You can create stop-loss order in the Bot , then scroll to bottom (stop-loss) . It is the same mechanism with the manual stop-loss , but it is moved into BOT…
Ask for the Margin Grid, if the position is Long, for example, the XRP/USDT pair means that we want to get USDT if the price is going up or if we are short and Price going down to get XRP? The capital uses USDT or XRP coins?
Answer There are 2 option in margin grid, loan USDT or loan Token. Loan USDT means you borrow usdt and need to repaid the USDT again later. This means you need to make profit in USDT with the token, thus…
Im use grid bot, Say we set upper limit at $10, if the coin reaches $10 all coin holdings would be sold at this point in time, correct?
Is there benefit if we set the close price higher than the upper limit? Answer Yes this is correct. There might be some benefit, for instance , resistance level if it was broken down and flip to support, you might…
Is USDC offered as a stable instead of Teather on the platform?
I’m sure everyone’s nervous with the recent news Answer Yes! We do offer USDC Trading pair now. The pair listed for trading against USDC will be added more in the future, for now we support 3 pair for trading against…
Does Crypto Trading Bot really work? Can we make a profit from it?
Answer Trading bots do work . Pionex has several bots that serve different purpose. Arbitrage bot would help you earn profits with minimal risk . grid bots would help you buy the dips and sell the tops , Dca bots…
If I start a grid bot and a reverse grid bot with same parameters and same grids at the same time. Can I enjoy grid profits without risking my deposit? I want to know if I close both bots at the same time can I get my deposit without loosing it?
Answer Unfortunately, grid bot and reverse grid bot is work in the same way, its not in a reverse mechanism. Running both of them will yield almost the same with running 2 grid bot or 2 reverse grid bot. Reverse…
Can you explain in two words how crypto trading bots work? If they are so efficient, why don’t all crypto traders use them?
Answer Crypto trading bots simply automates your trading . Just like not everyone is a day trader same with crypto bots , not everyone wants to automate their trading .. and it’s very efficient when used appropriately