I understood that it was because it was using my BTC in the waller to make a sell at a higher price – so basically it uses USDT to buy more then the price goes down and uses BTC to sell – is this how this GRID BOT works as well and the returns similar to what I have mentioned above?

I have been using GRID BOT with 3 commas for quite some time on BTC/USDT Pair with around 8% return (monthly) – for the GRID BOT on 3 commas , one has to have both currencies in the wallet so in case of BTC/USDT you need both currencies- sometimes there are more buy order then sell orders and the profit is made on each sell order- initially I was struggling to understand this.

Answer

Grid Trading bot will operate with ” buy low and sell high ” strategy automatically. The profit per grid is the difference between sell order and buy order, and the parameters of it will match to the percentage you set when you created the bot.

While the spots’ price reaches the grid level of buy or sell order, the bot will place a new buy/sell order below or above the current price. It won’t place at the current price before the next grid level be triggered.

Related posts:

  1. "BTC/USDT –If the price drops too much and goes out of the GRID and all my buy orders are filled I will still have bought the BTC ( may be not at the best price) but I will have my BTC – ( better then just holding it) .If the price goes too high and out of the GRID then I will have all my SELL order filled and no more pending orders and I will have all my profit in USDT ?"
  2. Does this trading bot sell all your position once it goes below the limit and buy back in when it goes back above it?
  3. Does infinity grid do better in a bullish market or standard grid? Or are they pretty similar in returns?
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  5. Admin wants to 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?
  6. Say a standard gird bot is currently making you profit and is price is above entry price. Assuming the price is gonna drop below entry price, would there be any merit to stoppinddg the bot and remaking one below your initial entry price?
  7. I want to ask i use grid trading bot if the price is higher than my upper limit what will happen ? Is the upper limit will go otomaticly higher ?
  8. Hey all I have a question, say a standard gird bot is currently making you profit and is price is above entry price. Assuming the price is gonna drop below entry price, would there be any merit to stopping the bot and remaking one below your initial entry price?
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