Pionex Trading Bots: Day 10

What's up guys,  I'm moving into day 10 with the BTC/USD grid trading bot and despite prices being pretty bearish, still managed to make a few good trades in a day. The total grid profit based on the past 10 days of trades is $7.02. I decided today, since the price was lower, to go ahead and release profit from the bot. I then reinvested the earnings back into the bot. I will plan to do this weekly or bi-weekly to compound interest over time, and of course I will try to catch the lowest buyback price during these bi-weekly paydays. I still don't expect BTC to fall below 25k within the next week so I think it's safe to let this bot continue to run on the same parameters for awhile longer. At some point though, when we do get some pullback, I will end the bot and wait for a good price point to buy back in and create a new bot. That being said I'll drop the current parameters the bot is running on.

Upper Limit : $34119

Lower Limit : $25251

Grids: 49

This bot has been particularly efficient in making consistent returns on a daily basis, there are less transactions with these parameters however I feel like I make more per day based on the % of profit received. I mainly document these for my personal records, however it can be a helpful resource to anyone new to trading cryptocurrency that may wish to learn.

As always, thanks for reading & I hope you found this article helpful in some way. Have a good night ✌️