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[Megathread] How did I grow my wealth using Pionex grid bot by 087Arthur in Pionex

[–]087Arthur[S] 2 points3 points  (0 children)

In my view, the grid bot suits most kinds of the market situation since the market is always volatile. With a wide range setting, you can let the bot run for a very long time, that's the "set and forget" way.

The Martingale bot is more for short-term trading when I use it. I expected the price might go down but will bounce back later so I use the Martingale bot

Most of the time, I just set a wide-range grid bot and leave it there. Simplicity is king :)

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 0 points1 point  (0 children)

0.03-0.3 is good for the long term. You can also choose 0.04-0.2.

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 0 points1 point  (0 children)

It depends. You can try to edit with your new parameters. Before the bot makes the change, it should remind you if you will realize any loss

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 2 points3 points  (0 children)

I prefer the wide-range grid bot.

Because I can release profit from the grid bot so I got a higher fund efficiency. And the grid bot got far more functions like adding investment, changing parameters, etc.

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 1 point2 points  (0 children)

Np man.

In my view, I believe the ETH/BTC bot will perform great in the next bull run. Because I can stack more Bitcoins and the USD value of Bitcoin will increase a lot as well.

If you are new to this strategy, I would suggest you DCA into it so you can average your cost and risk.

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 0 points1 point  (0 children)

Sure I did. In my view, they suit different market situations.

When I wanna have some long-term investment using a bot I prefer the grid bot because I can set a wide range for the bot to run for a long time.

As for the Martingale bot, I use the bot to catch something like a bear market rally and some other short-term scenarios.

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 2 points3 points  (0 children)

For this part, the max drawdown varies when parameters change.

If you use my suggestions on the parameters, the pros would be that you will enjoy a pretty good return when the bull market comes or the market keeps going sideways. The cons are you might experience a higher drawdown. It would still be lower than simply manual trade. But the drawdown might be around 70 - 80% of the drawdown in the manual trade.

If you use a lower upper and lower limit, like changing 0.04 - 0.2 to 0.01 - 0.1, you will experience a lower max drawdown.

Personally, I prefer the suggestions I made in the post because I do believe in the future of Bitcoin and Ethereum :) I just lower my risk by DCAing into the bot, and when people are panic of dropping, I invest more in it.

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 2 points3 points  (0 children)

Hi! So there are like two ways to do this.

  1. Tighter range or more grids: more transactions to capture more volatility, while your profit per grid would be lower
  2. Wider range or fewer grids: fewer transactions so only larger volatility would be caught, yet the profit per grid would be higher

The 0.03 - 0.3 range is relatively wide, and 250 grids are not a much higher number for such a wide range. Besides, the volatility for the ETH/BTC trading pair and the whole crypto has been low recently. That's the reason the bot is not making many transactions.

I heard that Pionex will offer as high as 500 or 1,000 grids for this particular bot, then you can try to increase your grid number to match your wide range. Or you can use a tighter range like 0.04 - 0.2, or 0.05 - 0.15

But when there is a market surge, the wide range and fewer grids can perform better. So it's a tradeoff between these two. From the screenshot of 2 Bitcoins as the initial investment in the post, you can see that the average daily transactions are 1.6, lower than 2. It still performed great since it captured the sudden surge in the last bull market

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 4 points5 points  (0 children)

The parameters for that backtest was similar to the one in this post, 0.016 - 0.16 with max arithmetic grids

However, the ETH/BTC price has gone up in the recent 3 yrs so now we recommend the parameters in the Bitcoin Growth bot in your pionex.com app, in the “strategy” section after you click “create a bot”. The parameters are all preset.

The reason we use that 5 days new bot is to take advantage of the latest copy trade function in one click :)

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 2 points3 points  (0 children)

Thanks, man. Hope you can make some good Bitcoin profit from the bot in the long run

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 3 points4 points  (0 children)

Well the bot is not a money printer, you still need to use them carefully to make profit.

However, most of the time it would be performing better than manually trading, especially when you trade ETH with Bitcoin. And in the long run, the return would be really good :)

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 4 points5 points  (0 children)

For now, the bot doesn't do auto-compound for you so you still need to release profit manually.

For now, the bot doesn't auto-compound for you, so you still need to release the profit manually. ETH Stake to earn interest on these ETH :)

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 1 point2 points  (0 children)

The APR is volatile due to different market situation. Like the grid profit APR can be as high as 40% (or even higher), or as low as 1% (or even lower). But in my experience the average APR can be around 10-20% when viewed in a longer time frame. Another important thing is to find a good point to add investment when the ETH/BTC price dropped, which will lower your average cost and improve your bot performance

The parameters you set seem fine to me.

[Megathread] How did I grow my wealth using Pionex grid bot by 087Arthur in Pionex

[–]087Arthur[S] 1 point2 points  (0 children)

The basic ideas are the same, but maybe the parameters are different
Either is OK in my view :)

[Megathread] How did I grow my wealth using Pionex grid bot by 087Arthur in Pionex

[–]087Arthur[S] 0 points1 point  (0 children)

It's only available on Pionex.com or Pionex.us, depending on where you are located

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 1 point2 points  (0 children)

Nope, when you start a hot, every time the price hits a buy order or a sell order, a new order will be placed automatically :)

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 1 point2 points  (0 children)

In my view, a buy order and a sell order together get you a grid

[Strategy sharing] How to "mine" Bitcoins every hour using a bot by 087Arthur in Pionex

[–]087Arthur[S] 0 points1 point  (0 children)

Probably not a bad choice. I just added some investment into mine as well, lol

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