Somebody can tell me whats is the benefit of Rebalancing Bot and when is better to use it.
It is for having a multiple token in one portfolio and having the same portion of it all the time
Best time in my opinion is for having a sector in your portfolio, such as DeFi bullrun or Gaming tokens but dont know which token will pump first
That’s the idea, to dca as the price goes down. Just like what the current bot does.
I’ve been doing this for the past 2 days with about 10 pairs. So far the results are much better than with the gridbot.
I place 3 gridlines above and below the current price. Each gridline profit margin is about $1 to $20. I also place another pair of gridline far above and below the current price to catch the sudden spike up /down.
It is tough work to monitor the trades and made worse as Pionex does not have a sortable table for trade history.
But earning between $1-20 each round trip (buy and sell) is worth it for me.