It’s great that it’s possible to start gridbots based on a specific price. Would it be possible to also let them stop at a specific price level?
This way I could automate the switching between different ranges, without manually adjusting them. It would be of great help!
What’s the idea about those different ranges? If you leave the grid at the opposite border of its take profit the funds are still bound even if the orders might have been cancelled until the price returns.
What makes you think the orders are still bound when you cancel them? Imo that would free up funds for the new bot/new range.
Well, if you open a long grid and the price decreases the bot continuously opens grid deals on every level it passes. Since those deals can’t take profit, the bought base currency of those levels remains in your portfolio. Since there is a limit of 200 open orders per pair at some time the grid has to cancel those orders, to not close those deals at a loss, so that it can create new grid orders below. Once the price returns to their take profit levels those deals can be closed again. But till then you are stuck in those deals and buy more and more base the deeper the price goes.
But you keep making profit in the meantime. The price never goes down in a steep line, there will always be small movements.
Maybe you should try it and see how it works?
I think to understand how grid bots work. What I wanted to understand here was why you wanted to use multiple grid bots with disjunctive ranges instead of a single grid bot? Is it because the current grid bots don’t offer trailing and expanding?
It is because I want to make optimal use of the funds. I don’t want them stuck in a range that’s far away from the current price.
As long as you take care that your grid bot doesn’t sell below your asset’s average price, you can of course create grid bots at lower price ranges than the previous grid. I only wouldn’t do it, if the funds were bought at a higher price or you sell at a loss. It would be like using stop loss for the funds bought at a higher price else.