Pionex GRID Bot – App Version

Why should I use a Grid Trading Bot?

Grid Trading profits from the ups and downs of the market. You set a Price Range for the bot, adjust how many Grids you want and as long as the price stays within your set range, the bot will always sell a portion when the price goes a bit up and buy a portion when it goes a bit down. It’ll be perfect on a fluctuated sideways market.

Pionex Grid Trading Bot

Grid Trading makes it easy to gain a stable, passive profit with low risk in the volatile crypto market. By using the Grid Trading Bot, you will avoid all the emotional decisions and lockup small profits all the time, while the price keeps fluctuating. The Bot does this while you sleep, when you work, or while you enjoy your free time.

Grid Trading Bot — 24/7 Auto-Swing-Trade for you.

How to use the Grid Trading Bot on Pionex:

Open Pionex app and select Grid Trading Bot from the list of trading tools. Pionex lets you to choose one of the 2 types of Grid Trading Bot: “Use AI Strategy” and “Set Myself

AI Strategy – Best option for novices:

If you choose “Use AI Strategy”, Pionex AI Advisor will suggest a set of parameters for you. The parameters were calculated from backtesting the last 7-Days. You’ll see the recommended Price Range and Profit Per Grid as preview. All you’ll need to do, is to use the slider to choose how much of your funds you want to use.for the Grid Trading Bot. Once you have done that simply click CREATE and the bot will start trading and generating a passive income for you!

Set myself – Advanced option for experienced traders:

If you choose “Set Myself”, you’ll need to input the following parameters

Basic setting are as follows:

  • Upper Limit: The highest price that you expect
  • Lower Limit: The lowest price that you expect
  • Grids: The min number of grids is 2, and the max is 200 for common users, 500 for VIP and 1,000 for market maker.
  • Total Investment: The funds to run the bot. You can move the slider to decide how much you wanna invest.

For example, you select ETH/USDT trading pair, $1,000 as the lower limit, $10,000 as the upper limit, and the number of grids is 200. After setting all the parameters, just tap the “Create”, then your bot starts!

Advanced setting are as follows( Optional):

  • Trigger Price(Optional): The bot will get started with the parameters you set up in advance once the current price hits the trigger price. For example, Now ETH is $2,100, and you set the trigger price at $2,000. Once the ETH current price hits $2,000, the bot will get started.
  • Stop loss Price(Optional): The price drops and hits the stop-loss price, the bot will be auto canceled, and the coins that the bot holds will also be auto sold.
  • Take Profit Price(Optional): The price rises and hits the take-profit price, the bot will be auto canceled, and the coins that the bot holds will also be auto sold.
  • Grid mode: Geometric keeps the same rate to place orders, such as 1/2/4/8/16. Arithmetic keeps the same number to place orders, such as 1/3 5/7/9. And arithmetic is always recommended as the common setting.
  • Investment: Normally, USDT is recommended as the default setting, which means you just need to use your USDT to create a bot ETH/USDT as an example.

After you created the bot, it’ll ask your permission to re-allocate the amount of the two coins of the chosen pair for you. Several buy and sell orders will be placed, which will enable the bot to buy low and sell high for you, as long as the price fluctuates within your set Price Range.

And you can also tap the button marked with a red circle in the following picture to see buy and sell orders that the bot has placed. Only the trading pair the bot is running with could show placed orders, such as my BTC/USDT Grid trading bot:

Other parameters explanation:

As the running BTC/USDT Grid Trading bot shows, the upper limit is $100,000, the lower limit is $10,000, 150 grids, arithmetic. The bot re-allocates the amount of the two coins of BTC/USDT for you. Several buy and sell orders are placed, which will enable the bot to buy low and sell high for you, as long as the price fluctuates within your set Price Range.

  • Total Investment: The funds to run the bot. You can move the slider to decide how much you wanna invest.
  • Total profit = Grid profit + unrealized profit
  • Grid profit = (Single grid profit-trading fees) × arbitrage times, and Grid profit showing on Pionex has already deducted the trading fees
  • Unrealized profit= Total profit – Grid profit
  • Grid annualized: ( Grid profit/ Total investment)/running days *365
  • Total annualized : ( Total profit/ Total investment)/running days *365

The Release profit feature:

The release profit feature is to release a part of your grid profit, or funds are not used in the bot because of the precision. The released funds will be the tradable funds in your spot account.

Here is a formula to calculate releasable profit:
Total USDT – Total buy orders(USDT) – Reserved fee(USDT) -Reserved fee(BTC)*Upper limit * 1.2 – Released profit

How to release profits

Warming tips:

Crypto investment is risky, you need to be cautious when creating any trading bots. Especially, when the price goes down, the bot also might make the negative profits. Wish you a nice day, and Happy trading~