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.
Read moreWhat is a grid trading strategy?
Grid trading is an automated currency trading strategy where an investor creates a so-called “price grid” . The basic idea of the strategy is to repeatedly buy at the pre-specified price and then wait for the price to rise above that level and then sell the position (and vice versa with shorting and covering).
Read moreWhat is pionex release profit?
Answer Release the profit means it release only from that bot . Batch release means you release profit from all your running grid bots (several at once) lzw.
Read moreWhen should I stop grid trading bots?
You can use Stop Trigger to stop trading when the market price triggers the set prices : Stop Loss: should be less than the lower price, last price and trigger price; when the latest market price reaches the Stop Loss price, the grid will stop working.
Read moreIs it better to have more grids on pionex?
If you have a coin with lots of smaller movement, it might be better to use more grids with less profits per grid . However, if you think the coin will rise quite a bit, it might be better to have a bigger range and use the grids to capture the pumps of the coin.3 Eyl 2021
Read moreCan you lose money with a grid bot?
While losses are controlled by the sell orders, also equally spaced, by the time those orders are reached the position could have gone from profitable to losing money . For this reason, traders typically limit their grid to a certain number of orders, such as five.
Read moreHow does Grid trading bot work?
This trading bot automates buying and selling on spot trading . It is designed to place orders in the market at preset intervals within a configured price range. Grid trading is when orders are placed above and below a set price, creating a grid of orders at incrementally increasing and decreasing prices.5 Oca 2022
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