Grid Bot Frequently Asked Questions
How does the AI Grid Bot mode work?
The lower limit price is the lowest reached price over the latest seven days decreased by 3%. The upper limit price is the maximum reached price over the latest seven days increased by 3%.
This determines the range the AI Grid Bot suggests for you!
Why is the Grid Spacing limited to values over 0.2% profit?
Grid Bot trades are only profitable if set to 0.2% for Grid Spacing to account for exchange fees. If Grid Spacing could be set lower, then it may look like the bot is profitable but each trade would be at a loss after the exchange fees are deducted when the limit orders are filled.
What happens when the price of the cryptocurrency exits the top of the grid?
The Grid Bot will automatically pause and wait for the cryptocurrency to return back to the grid and then resumes trading. This is also a great time to stop or delete the bot and reassess if you wish to continue this Grid Bot or replace it with a new range or different cryptocurrency pair to trade. All coins bought initially by the Grid Bot when it was first started have been sold.
What happens when the price of the cryptocurrency exits the bottom of the grid?
The Grid Bot pauses and will wait for the cryptocurrency to return back to the grid to resume trading. All of the currency used to initially fund the bot is now invested in the alt coin that was being traded. This is a time to reassess if you wish to continue this Grid Bot or replace it with a new range. If you feel the cryptocurrency being traded is likely to suffer a further drop in price, then you may wish to stop the Grid Bot and create a Smart Cover trade to sell the cryptocurrency at the current chart price and buy it back lower, when it has found a bottom, before creating a new Grid Bot with a different range to trade.
How does the AI determine the Upper & Lower Grid Levels?
- The Upper Grid Level is the highest price over the last seven days increased by 3%.
- The Lower Grid Level is the lowest price over the last seven days decreased by 3%.
Can a Grid Bot be edited once it has been started?
Yes, due to overwhelming user feedback, Grid Bots can now be edited!
Can I compound gains or automatically reinvest profit back into the Grid Bot?
Not automatically, if the Grid Bot is making strong returns, you can choose every week or two to edit the Grid Bot, and increase the amount of funds used per Grid Level.
Do Grid Bot displayed profits include exchange fees?
Yes, fees are included in the displayed profit statistics (profit is NET).
Can I view a table of orders the Grid Bot has created on my exchange?
Yes, click the Grid Bot number on the Grid Bot status display.
Can a Stop Loss or Trailing Take Profit be configured?
No, a Trailing Take Profit won’t work as when price leaves the top of the grid, all the cryptocurrency being traded has been sold.
Similarly a Stop Loss cannot be defined, the loss potential could be large, and there are better ways to manage the trade and limit loss (such as using Smart Cover).
Grid Bot Tips
For smooth running, easy reporting and clear visibility of profit generated, it is a great idea to create a new exchange account (using the referral code from your main trading account for trading bonuses) and transferring funds for the Grid Bot to use to the new account!
Real Time Reporting
Go to the “Settings” menu and configure 3Commas for Telegram integration, you can then get instant alerts when a Grid Bot starts, stops, fills orders and places new orders.