Best Crypto Grid Trading Bots – Grid Trading Strategies

What is a Grid crypto Trading Bot?


What are the best crypto trading bots?


Let’s first have a quick look at the 3 best crypto trading bots and after that, we will go through each of them in details and some of their main competitors.

Bitsgap

Easy and fast start
Simple configuration
Arbitrage opportunities

Pionex

Simple and intuitive mobile application
Customisable and user-friendly platform interface
Low trading fees

3commas

Affordable
Smart Trading
Copy Trading

What is Grid Trading?


The idea of grid trading is to place a series of purchasing and selling orders at intervals that are predefined around a fixed price, this then develops a commerce grid over time. Grid trading excels in a market that is very volatile, with regular variations in the price as it assures profitability every time that the selling price overtakes the selling price during a lateral price movement.

This is done by automatically executing purchase orders that go onto higher sell orders, which in turn removes the need for market forecasting. Grid trading also allows you to sit back and automate your trading, which can alleviate some of the micromanaging that is usually required with most trading strategies, potentially allowing profits to roll in on a regular basis.

👉 To get the most out of grid trading, there are a variety of factors that must be taken into account to get the most in the way of earnings out of the strategy. There are methods that can be used to get the most out of the volatility of the market of each coin. The best candidates for grid trading are usually the coins that have frequent ups and downs, however maintaining a fairly consistent price.

This is because they allow for many trades that are profitable, while also giving the bot time to run without its parameters having to be tweaked. If the market was consistently going up or down, the results would be a lot less consistent as the bot will have to be tweaked a lot to keep up with the market. In some extreme cases of this, the bot will not work at all and you will just lose money on it, or miss out on profits.

Binance Grid trading bot


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Bitsgap


  • Price: The starting plan is $19/month and the pro plan is $110/month. There is however a free trial that is available to users

Visit Bitsgap Now

Below are some tips on how to find the best crypto pairs for grid trading

👉 Grid Trading is for when the market moves sideways → A Pair that has MANY and HUGE Ups and Downs, while its average price doesn’t change much over a longer period, is most certainly a GOOD pair for Grid Trading.
👉 a high “Grid Profit” means NOTHING! If a coin pumps for 100% every Grid Bot will show a nice “Grid Profit”, but in reality everyone making a simple Limit-Sell, or Trailing Stop Order, would have been way better off, than anyone running a Grid.
👉 If you cancel and remake your grid because the price pumps/dumps out of your Grid-Price range > you make some loss which you don’t see. (Keep that in mind)
👉 always try to use a price range, which will hold for a while (at least a few days, better weeks)
👉 making profitable short time grids and canceling + remaking them hourly/daily is a bad strategy, even though it always shows you a good % grid profit.
👉 to evaluate if a grid is good, you need to look at more than just the grid profit. For example: if the price when you started the grid is ~ the same as the current price AND your grid made 5% it is a “good” grid (it really made 5%) If the current price is 20% higher than the start price of your grid and your grid made 10% it would have been better to just do 1 limit sell order > “not so good” grid.
👉 If people post Screenshots of their Grid profits, or you find a strategy in “Copy Trade” and think about recreating the Grid, check this first: -did the pair just pump for more than the grid profit shown? (Most of the time it’s a bad idea to recreate it then)
👉 did the grid bot run for a while, or was it created only a few hours ago (long time grids, which have been running successfully for days/weeks, have more success when being recreated, than a short time grid which already “had their time”)
👉 did the pair go up and down a few times while the bot was running, or did it run steadily in one direction. (Grid trading profits from the ups and downs in the market, if a pair doesn’t do that it’s almost always better to use another strategy or pair)
👉 only invest and run grid bots on pairs, on which you think BOTH sides of the pair have a future. Regardless of how your grid goes, you will always sit on one of the 2 assets! (Ex. don’t invest in trx/eth if you think either TRX OR ETH will be dead in 2 years)

Source

Pionex


Pionex offers 12 built-in trading bots on their platform, with the majority, 6, being Grid Trading Bots. This makes the platform very popular for the average bot trader. The platform also happens to be one of Binance’s biggest exchange brokers, it also aggregates the liquidity from Huobi Global simultaneously. This makes Pionex the best overall trading platform for Bot Traders.

  • Fee: 0.05% trading fee for maker and taker. However there is no subscription fee for full access to the trading bots

Visit Pionex Now

3Commas


3commas
  • Pricing: The plans start from $14.5/month, which gives you the starter license, and the highest price is $49.5/month for the Pro version. There is however a free trial available. 

Visit 3Commas Now

KuCoin Grid bot:


  • Fees: 0.1% trading fee for maker and taker.
  • Price: There isn’t a subscription fee present for the trading bot.

Visit Kucoin Now

BitUniverse


BitUniverse is the original Grid Trading Bot. The interface allows for easy access to the bot for newer users as it is fairly intuitive, and is also mobile-friendly, for that added benefit. The team who created BitUniverse made sure to partner with most of the major exchanges, allowing the user to access any of these exchanges through their APIs. Changing the app’s settings and parameters is very easy with the nice UI. The Bot allows for access to more than 20 exchanges. 

  • Pricing: There is currently no fee needed for full access to the Trading Bot.

Huobi Global


  • Fees: 0.20% for both takers and makers, which is slightly higher than some others.
  • Pricing: There is however no subscription required to have full access to the Trading Bot.

Is there a course for learning grid bot trading strategy?


The course also boasts some impressive benefits, including but not limited too: a “professionally coded and automated trading bot”, Complete details on how it works, Settings, and info on how to adjust them to different markets, risk tolerance, and profit objectives.

The Grid Trading Course – Complete is priced at $495.00, this includes the Trading robot, and access to all live sessions with recordings available for download as well.

Read also:

Grid Trading is one of the best strategies in a ranging sideways market


Grid trading is one of the best and most consistent strategies for a ranging sideways market, there are a couple of key reasons for this. One of the key reasons for this is the fact that when the market is ranging sideways The overall price for a decent period of time is consistent, meaning the Grid Trading Bot’s parameters won’t need to be edited or altered for a decent while. Allowing the user to profit consistently with little to no effort.

Another factor as to why this is a good strategy in a “ranging sideways market” is because the dips and peaks tend to be quite close together and rather often, which means there can be more sets of trades in the same amount of time as there can be in other types of markets. This again shows that the Grid Trading Bots can be very useful as they will allow for the perfect timing of each trade to maximise the profits and also keep trades happening in all possible spots without any extra micromanaging from the user.

When should you use a Crypto trading bot? What is the best crypto for grid trading?


Grid trading essentially means that as the price of a coin drops, you buy a little more, and as it rises, you sell a little bit, within a range you set yourself. It has a long history in the Forex markets. I personally recommend grid trading high volume crypto coins like Ethereum, Solana, Cardano, or any of the top 20 coins by Coinmarketcap, for a variety of reasons: 

If the market spends two weeks bouncing between, say, 3k and 3.1k for ETH, you’re making (a small amount of) money on each dip and recovery, 24×7. You will outperform HODLers in this scenario. 

If you run them long enough, grid profits will overwhelm, and fluctuations in the price. 
Given #2, you can see that grid trading is a little more forgiving if you pick the wrong start price. If you are a HODLer who buys ETH at 4k and then it drops to 3.5k and fluctuates between 3.5k-3.7k, you’re stuck till it climbs back above 4k. If you are a grid bot user who starts at 4k and it sticks in the 3.5k-3.7k range, you’re still making money even though it’s below your original start price. 

It’s good for people who like to check the market all the time. It’s satisfying to see that while the price has bounced around for a day or two, you’re still pocketing a few bucks on every swing. 

Of course, there are downsides. First, grid trading does worse on a pumping coin. Of course, you still make money, just not as much as HODLing. Second, some coins decline so much that they drop out of the range, or it will simply take too long for the grid profits to overwhelm the decline (looking at you Doge). 

Overall, I think it’s a very effective, but conservative strategy. I run most bots on ETH due to the high volume, but I’ve had decent luck with some of the more popular altcoins. Basically, you want something with either high volume or rapid fluctuations in price.

⚡️ #1 Repetitive Tasks: Grid Trading bots are ideal for repetitive tasks as they allow for quicker purchasing

and selling than doing it manually, as the bot can do it instantaneously. This will also allow for the user to have a lot less micromanaging after the initial setup as the bot can then be left to do its own thing. This pairs brilliantly with a ranging sideways market, as it allows for the bot to be very profitable without being touched at all by the user.

⚡️ #2 Timing: Timing and achieving a high degree of accuracy is paramount in Cryptocurrency trading, each and every trade can make or break your earnings, which means the user has to be on point with their timing. This is where Grid Trading Bots come in, they allow for the potential timing errors of a human user to be averted and avoided. This in the long run can potentially save you and make you a lot of money. The bot can be easily programmed to and adjusted to make trades at the perfect time, by analyzing and monitoring the desired market.

⚡️ #3 Complications can be simplified: A great example of this is “smart order routing”. The idea is to route trades through multiple pairs to increase the profits.

  • Each trade pair needs to be carefully tweaked to its own timing, trading price and asset quality.
  • This entire route needs to be completed before the conditions of the market change as it will be no longer profitable after that.

This all seems pretty simple, however, this would be almost impossible to execute as a human user as the timings required will be far too small. This is where the bot comes in, as it can allow for these routes to be completed before the conditions are completed. This is an example where Grid Trading Bots are a must, as humans just aren’t quick enough.

Conclusion: Which Grid Bot App to use?


Cryptocurrency trading bots can be very helpful in letting you generate a profit from your investment, quickly and easily in some cases. These bots also help to remove some of the micromanagement from the user, allowing them to do other things while the bot trades for them. There are definitely pros and cons to all of the bots mentioned above, so there may not be one bot that is perfect for every single trader. However, there are definitely some that are better than others.

For instance, the Binance bot may not be the best option for newer users as there is a slightly different approach that this bot takes. Whereas the 3Commas Trading Bot is a great place for new users to start as it has a very intuitive layout and is simple to use.

Overall though, one of the best go-to bots would be the Kucoin Grid Trading Bot, as it offers a great list of pairings and trades in over 400 markets in a 24 hour period. The bot also provides a sophisticated API that allows the users to create a secure trading strategy easily. The bot also has some pretty low fees and doesn’t charge a subscription fee to use the bot, making it an almost perfect choice for users wanting to implement the Grid Trading Strategy through a Trading Bot.

So all in all, there is no right and wrong answer to which is then “best trading bot”.

FAQs


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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Philipp Traugott

Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

1 Comment
  1. Reply
    Dimitri Poursanidis April 1, 2022 at 21:50

    Philipp, have you come across a spot grid that can do the following

    1)Auto adjust range by % below or above current price

    2)Set different buy and sell intervals.

    3) Set a target for number of tokens where excess funds are removed from bot without having to shut it off. So if I have the same number of tokens as I started with but have an extra $100 due to arbitrage Bot would move the $100 out to an account for trading.

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