Today,I want to tell all you there is a trading bot for binance which is called grid trading feature of BitUniverse
ABOUT GRID TRADING
Grid trading is a type of trading strategy that profits from the sideways as well as trending market conditions. In the simplest of terms, Grid trading involves hedging, or placing simultaneous buy and sell orders at certain levels. The aim of this approach is to maximize the profits while the in-built hedging system ensures that the risks are minimized.
Grid Trading requirement
1、The exchange with good depth
2、Grid trading requires lower fees
3、The price of trade pair is up and down, or concussion rises quotation.
benefits and risks
1、Grid trading strategy will keep making profits as long as the price swinging. It’s clear that every trade is profitable.
2、Use grid trading with consolidation pattern. If the price keeps tanking, you might suffer from some loss in this strategy.
How to use grid trading feature.
1、Find grid trading feature（I will use BTC/USDT trade pair as a example）
A-Set grid maximum price, minimum price and stop loss price according to the prediction of future BTC price fluctuation range
B- Set the purchase amount of a single grid (1 BTC for a single grid) and the number of grids (3 grids)
In this way, for every BTC sold, the difference (i.e. realized profit) of $300 will be made.
3、Check whether the available balance meets the number of assets required for grid trading
You need have enough BTC or USDT to start grid trading. If you have not enough one of them, we will help you buy it,
4、Click ‘CREATE’ to start your grid trading.
1、, how to set the number of grids?
A — The more grids there are, the higher the transaction probability and the lower the profit (because you have to pay fees to exchange).
B — The smaller the number of grids, the smaller the transaction probability is (it needs to fluctuate dozens or hundreds of dollars to complete the transaction), and the higher the profit is.
2、What’s the function of ‘Profit of one grid’
Net profit = Profit of one grid –fees*2
3、Why do you need to hold both BTC and USDT when the grid starts?
Because after starting the grid, when BTC falls, BTC will be bought. When the price of BTC goes up, sell BTC, so when the grid is turned on, you need to hold both currency assets.
Profit calculation method：（eg BTC：USDT）
1、Realized profit=（High price- low price）/Number of grids * the number of sell trasaction
2、Unrealized profit=（Current price of BTC-average buy price）* The numer of BTC
3、Total profit=Realized profit+Unrealized Profit
4. What happens when the price of BTC exceeds the grid setting interval?
If the price of BTC is higher than the maximum price of the grid, all the BTC selling orders are sold and USDT is held, waiting for the next BTC price to fall back to the grid interval.
If the price of BTC is lower than the lowest price of the grid, then all BTC buy all transactions, hold BTC, and wait for the next BTC price to fall back to the grid interval.
Where to download BitUniverse:
Android & iOS: https://www.bituniverse.org/
For discussing the trading client and trading bot features of BitUniverse for exchanges
And another good news is that we BitUniverse has invested Pionex, which is a new exchange designed for trading bots. There are 5 trading bots. DCA bot, Grid Trading Bot, Infinity Grids Bot, Trailing Take Profit Bot, TWAP Bot. The trading fee is only 0.05%, half of Binance.
Have a look at Pionex: https://www.pionex.com/
Pionex telegram group: https://t.me/pionexen