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Hello everyone, I’m new to this bot. I started in the crypto world in late 2021. I’ve worked with some bots like Cryptohopper, Quadency, Bitgaps, and others available on exchanges. I’ve noticed that grid trading and Dollar Cost Averaging (DCA) have become very popular everywhere lately. However, they require a lot of capital, and after a steep price drop, one can end up with significant losses if the price doesn’t recover. Additionally, at the end of the year, there are thousands of transactions to deal with for tax reporting purposes, even if the gains are minimal or losses are accounted for.
The big problem with all other bots is the back test; in Ganium, it’s fantastic. You can tell it’s still in development and there are possibilities that haven’t been implemented yet, but already it’s by far the best I’ve tried. I’ve been testing some scalping strategies with various coins that I’d like to share, but they’re not quite ready yet. The idea is relatively quick and frequent trades with filters like ATH to avoid selling at losses near highs and ATR to avoid trading in sideways markets. Hopefully, I’ll be able to publish it soon for testing on other pairs and get feedback that’s beneficial for everyone in this growing community. Best regards to everyone, Pepe
“I am testing almost all indicators across different timeframes. Of course, I use the ATH to avoid trading at highs and the ATR to avoid trading in low volatility. Finding the right balance for these strategies is somewhat challenging, but thanks to the fantastic backtest feature, I can test all these strategies. I have two days left on my free trial period, but I don’t want to implement a bot with real money unless I find it effective to my liking. I always test on spot without a stop loss to see the strength and weakness of the strategy. I can’t say I’m a trader or anything like that, but every day I learn something in this fantastic world since I started in 2021.”
“I’m not sure if it’s prudent to publish unfinished or flawed strategies, or just propose them as ideas to the community to provoke constructive debate for everyone.”
Publishing incomplete or flawed strategies can have advantages and disadvantages. On one hand, sharing my ideas can generate valuable feedback and help me improve my strategies. On the other hand, it could expose me to criticism or others attempting to use strategies that have not been fully validated. I wouldn’t want others to implement them and experience losses due to not verifying or adjusting them to their personal profile.
Nothing of what we share can be considered as financial advice but is only for educational purpose and to discuss new ideas. So feel free to get an early review or comments on your’s.
I am pretty new in this grid bot world, and I have 2 questions that I hope you can solve. First of all, is it possible to connect Gainium grid bot to MEXC exchange?, and second, is it possible to create a grid bot with a distance between grids of 0,01%?
The question is not whether a Grid Bot can be set up at 0.01%, but whether it is profitable. You need to consider that if, for example, your exchange charges 0.01% fees, then a buy + sell operation already totals 0.02%. You would end up paying more in fees than you make in profits.
Instead of having a Grid Bot, you would essentially become a Market Maker, meaning you would be filling the order book. Unless you receive benefits for doing that, I don’t think it would be profitable for you.
Use the backtesting tool, which is very powerful and useful. Test various configurations, and you’ll see that such a small spacing is always less profitable. You can try currency pairs with high volatility, which provides higher daily returns, and you might space out the orders more.
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