What are grid trading bots?

Grid trading bots are a simple strategy when it comes to crypto trading, and it involves buying low and selling high . These bots place buy and sell orders based on a specific lower and upper and if the assets price jumps below the specified limit, it isn’t going to execute anymore buy orders.

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How do grid traders make money?

The grid can be created to profit from trends or ranges. To profit from trends, place buy orders at intervals above the set price, and sell orders below the set price . To profit from ranges, place buy orders at intervals below the set price, and sell orders above the set price.

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Is Pionex trading bot legit?

Verdict. Pionex is a top choice cryptocurrency exchange for trading bots and is perfect for beginners to automated trading. They really walk you through each bot in full detail so you know exactly what you’re doing instead of rushing in headfirst with no idea.25 Şub 2022

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Do Pionex bots make money?

Trading bots do work . Pionex has several bots that serve different purpose. Arbitrage bot would help you earn profits with minimal risk . grid bots would help you buy the dips and sell the tops , Dca bots would help you dollar cost average would much stress .

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