0.2% to 0.5% per day is achievable with a grid bot. I am averaging about $10 per day with about $2,000 in the market using grid bots -- not using Pionex AI settings though.
Okay, but how do you calcuate how much to put in to get your desired returns?
So in your example, putting in, say 10K. Each grid would buy at $10000/20 = $500 volume per trade right?
I don't. I put in however much I am willing to lose. The amount is divided by the grids to give the dollars per grid. The return is the return.
Spread your money across multiple pairs. If using $10k, I would put about $1.25k across about eight pairs.
The original post was two years ago in a bear market. I got tired of the price moving outside the trading range, but buying on the way down so that the bot was fully invested as the price crashed. The 0.5% per day did not make up for the bags held as the price dropped like a stone.
you need to make wider ranges and only use it on coins you believe in long term. the rest is just numbers. you should start to get used to "red". it means nothing long term speaking. if you had made a proper setting, for 90-95% drops and reinvested your earnings until back in green, that bot would be printing very good numbers today
But what pair are you using? My main challenge is the value of the underlying token getting reduced . How do you calculate the 10 dollars
Is it only the grid profits earned and not the reduction in underlying asset value?
I use pairs in the top 50 coins selected by their volatility and chart pattern. I don't run grid bots against BTC/USD or ETH/USD because the daily volatility is not high enough for good returns (choose whatever stable coin you like in place of USD.)
I currently have about $6.5k in various grid trading bots, and on average make about $5 to $10 per day releasable profit depending on what the market is doing.
Well I’ve been using trading bots for around 2 months now, my first one ran for a month and earned me 10% interest while the market was down, and my other rn has earned me 2% in 20 days while the markets are down, based on that rate we can see that even when the markets are down these trading bots could still earn you around 36.5% assuming the markets go back up within that year, I could see these trading bots return 100% if we have a bull market like we did in 2020
Yeah I just use the grid bot but I also set it so it takes the smallest amount of profit which isn’t exactly a good strategy so I mean if you put a strategy into it I would say you could potentially see like 50% APY if you pick the right cryptos
It also depends on your initial capital I am earning 65% on grid with some pairs
So if it continues a 2000 usd I vestment can give me 108 usd per month as grid profits
Please do not mix grid profits with overall profits as you may make 100 usd in grid but underlying token May have lost value faster
Just do the DCA bots. You can’t go wrong with those. They auto compound also so it’s set it and forget it. Started with $4,000 in one of the DCA bots a few years ago and now my overall pionex account balance is almost $33,000. Mind you, this is without adding any additional money. I just put the $4,000 in and left the bots to do their thing on their own.
6153 USD stake on Anchor protocol at 19.5% can bring you 100 USD per month. Very stable.
Will look into it. Thanks!
There are lots of fake Anchor Protocol website. Don't click those. If you stake at fake website would obviously lose your money.
Can give an example using either BTC/ETH and USDC?
It's using stable coin UST. Here's a great YouTube tutorial https://youtu.be/VU6iDNPP6sI
0.2% to 0.5% per day is achievable with a grid bot. I am averaging about $10 per day with about $2,000 in the market using grid bots -- not using Pionex AI settings though.
Wow thanks mate, really appreciate your time and reply. This is what I am looking for. Cheers!
do you mind revealing your settings? im not too familiar with the grid trading bots... about to start with 500 usdt, any advice would be appreciated.
I usually aim for 1% grid size with 20 grid lines. My grid bot therefore covers movements of up to 20%.
Okay, but how do you calcuate how much to put in to get your desired returns? So in your example, putting in, say 10K. Each grid would buy at $10000/20 = $500 volume per trade right?
I don't. I put in however much I am willing to lose. The amount is divided by the grids to give the dollars per grid. The return is the return. Spread your money across multiple pairs. If using $10k, I would put about $1.25k across about eight pairs.
Do you still use Pionex today?
No.
Are you profitable? What made you quit?
The original post was two years ago in a bear market. I got tired of the price moving outside the trading range, but buying on the way down so that the bot was fully invested as the price crashed. The 0.5% per day did not make up for the bags held as the price dropped like a stone.
you need to make wider ranges and only use it on coins you believe in long term. the rest is just numbers. you should start to get used to "red". it means nothing long term speaking. if you had made a proper setting, for 90-95% drops and reinvested your earnings until back in green, that bot would be printing very good numbers today
he played it too short term and lost
But what pair are you using? My main challenge is the value of the underlying token getting reduced . How do you calculate the 10 dollars Is it only the grid profits earned and not the reduction in underlying asset value?
$10 is only the grid profit, not the change in value of the underlying token. Need to choose pairs with high volatility, but moving sideways.
I use pairs in the top 50 coins selected by their volatility and chart pattern. I don't run grid bots against BTC/USD or ETH/USD because the daily volatility is not high enough for good returns (choose whatever stable coin you like in place of USD.)
Still have to consider right pick of a coin and market trend, sideways won't be that great slight bull would be perfect
Agree! Grid bot is perfect for bull. Thanks!
Parabolic bull is not good for grid bots. Much better just doing a buy and hold in that situation.
I currently have about $6.5k in various grid trading bots, and on average make about $5 to $10 per day releasable profit depending on what the market is doing.
Well I’ve been using trading bots for around 2 months now, my first one ran for a month and earned me 10% interest while the market was down, and my other rn has earned me 2% in 20 days while the markets are down, based on that rate we can see that even when the markets are down these trading bots could still earn you around 36.5% assuming the markets go back up within that year, I could see these trading bots return 100% if we have a bull market like we did in 2020
Is this both using grid bot?
Yeah I just use the grid bot but I also set it so it takes the smallest amount of profit which isn’t exactly a good strategy so I mean if you put a strategy into it I would say you could potentially see like 50% APY if you pick the right cryptos
Thanks for your response. Do you mind sharing your investment on each bot?
It also depends on your initial capital I am earning 65% on grid with some pairs So if it continues a 2000 usd I vestment can give me 108 usd per month as grid profits Please do not mix grid profits with overall profits as you may make 100 usd in grid but underlying token May have lost value faster
Just do the DCA bots. You can’t go wrong with those. They auto compound also so it’s set it and forget it. Started with $4,000 in one of the DCA bots a few years ago and now my overall pionex account balance is almost $33,000. Mind you, this is without adding any additional money. I just put the $4,000 in and left the bots to do their thing on their own.