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.
Grid trading can help you make a profit by buying and selling orders at predefined price intervals. It lets you make the most of fluctuating prices in the market.
Grid trading can also let you automate grid trading strategies through grid trading bots, and below, we’re going to talk about what we believe to be the best crypto grid trading bots in the industry.
As you can expect, these grid trading bots offer different features and different advantages, based on what they ask, so it all comes down to what you’re looking for in your grid trading bot.
What is Grid Trading?
Grid trading lets you buy and sell orders at a predetermined price, and the range is divided into multiple levels that form a grid.
You can choose a number of levels according to what you need. The higher the number of levels, the more the trading frequency.
This is going to decrease the price difference between each level, for example the amount according to each grid, which is going to reduce each order’s profit.
As a result, you have to decide whether you want a higher number of trades to be executed with less profit, or less trades executed with higher profit.
The buy and sell orders are placed below and above the existing price, and as soon as a sell order is implemented, you can implement a buy order at a level below it.
On the other side of things, if a buy order is executed, you can implement a sell order at a level above it.
Why Use Grid Trading?
Grid trading helps you make a profit from the ups and downs of an existing market price. It has proven to be one of the most effective trading strategies in an ever-changing market.
Best Crypto Grid Trading Bots
Pionex is easily one of the best crypto grid trading bots in the industry, and one of the biggest reasons for this is because their grid trading bots are completely free for you to use.
These guys offer five different kinds of built-in grid trading bots completely for free, and they vary based on what your needs are.
Their grid training bots let you automate grid trading strategies, which means you can set a price range, as well as the number of grids.
You have to choose the percentage of funds that you would like to implement, and you can either set these yourself, or you can use their advanced AI strategy.
Pionex also has a reverse grid bot that you can capitalize on, which lets you store your assets when the price is decreasing.
When it sells your allocated assets at the existing level, it will repurchase them when the price drops. If you think the price is going to drop, then you should make the most of a reverse grid bot.
You will need to configure your own parameters, including the number of grids, price range, and the percentage of funds.
Pionex also offers an Infinity grid bot, which is their premium version of grid trading bots.
Coinrule is another great crypto trading bot that you need to capitalize on, because they say that they make automated trading really easy.
They ultimately want to help their clients compete with professional traders out there, which means that they have a number of different grid bot trading strategies, as well as grid bots that can do everything for you, so that you don’t even have to think about it.
They are well connected with more than 10 popular exchanges, and they say that they offer their clients military-grade security and encryption, so you never have to worry about any of your assets being compromised in any way.
They allow their clients to create automated trading rules, and you can do this 24/7, and they of course have plenty of historical data based on existing and past grid bot trading strategies, so that you can learn from the best, and work out how to implement your trades properly.
Bitsgap is another grid trading bot that you need to make the most of in the industry right now, because they offer their clients a variety of different kinds of grid trading bots.
They let their clients choose the grid quantity, as well as price, exchange, and their lower and upper price limits. They also let you set the percentage of funds that you would like to allocate to that trade.
They offer additional features including take profit, stop loss, and trailing up.
They calculate the profit of each grid by taking away the price percentage of each grid from the trading fee percentage, for selling and buying respectively.
Bitsgap has a demo mode, which means that you can try one of their crypto trading bots for free without having to pay anything.
They have a minimum investment, and this is going to depend on the parameters that you have set. They calculate the minimum deposit based on grid quantity.
You also have to choose your price based on which stop loss is going to be executed. When this is triggered, all open bot orders are going to be cancelled automatically.
The bot is going to sell your base currency at the best available price based on market order.
They say that their basic package is going to cost you $19, their pro package is going to cost you $44, and their advanced package is going to cost you $110.
Quadency is another crypto grid trading bot that offers automatic grid trading strategies for its clients.
They say that they ask their clients to configure the following parameters, like number of grids, the exchange, the distance between grids, amount per order, and when the bot should stop working.
Of course, the higher the number of grids, the more investment it is going to require.
There are a number of options with this crypto grid trading bot, including being able to re-create a grid around the exit price, so that you can continue trading.
Another option is to cancel all options and stop the bot, cancel all orders, close your positions and stop the bot, and lastly, do nothing.
This means that you do get to control a certain amount of the action, or you can choose to delegate this action to the grid trading bot.
This platform charges its clients zero trading fees, which means that you can open and close trading positions without being charged anything.
You will just have to pay them when you generate a profit, and this is going to be 10% of everything that you earn.
TradeSanta is another premium quality grid trading bot that wants its clients to be able to trade cryptocurrency like a professional, which is why they offer trading bots as well as a powerful terminal.
They want their clients to be able to automate their trading with proven strategies, bots, and signals. And they also want you to be able to trade quicker, so that you can maximize your results.
They have a helpful tutorial video on their website about how they work, so that you can really get to know the ins and outs of their grid trading bot before you sign up for anything, and once you’ve created an account with them, you can connect to a number of supported exchanges.
They offer long and short strategies, so that you can take advantage of bear and bull markets, and they also offer spot and futures trading, so that you can capitalize on grid trading bots working hard around the clock for you.
Grid trading bots are a great option to let you automate your trading strategies, so that you can reduce your manual work overall.
They operate on a 24/7 basis, and grid trading bots can be altered based on what your needs are.
As you can see from the list above, we have compiled what we believe to be the best crypto grid trading bots in the industry, so that you don’t have to settle for less than what’s ideal out there.
Pionex is definitely one of our favorites, considering their impressive features and the fact that they are completely free to use.
They also don’t have a minimum deposit either, so you don’t need anything to get started.
The other crypto grid trading bots that we have featured offer user-friendly features, and help you configure different conditions, based on when you want the bot to stop working.
In general, you are going to have more control over your bots this way.
We recommend that you play around with a few options, so that you can find the one that’s going to suit your needs the best.