Margin GRID Bot
Margin Grid Bot helps you create a trading bot without actually using your coins to create the Bot. The BTC/USDT trading pair will be used as example in this Introduction.
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Who needs Margin Grid Bot?
- Run a Trading bot without selling your coins
For Example: You don’t want to use your BTC to create a Trading bot, because you think BTC will rise and you don’t want your BTC to be sold.
The Margin Grid bot can lock your BTC as collateral to loan the required funds needed for trading when you create the Bot. That means your BTC won’t be touched while the Bot is running, but you can still earn Profit by using them as collateral. - Go short or long while still holding your coins.
You can short or long without selling your coins, as the following picture shows:
If you want to long BTC, you can freeze your BTC as collateral for the funds the bot is trading with and earn USDT when the price goes up.
If you want to short BTC, you can freeze your USDT as collateral for the funds the bot is trading with and earn BTC when the price goes down.
How to use Margin Grid Bot on Pionex?
If you wanna short BTC/long BTC:
- Choose「Loan BTC/Loan USDT」which means the bot will pledge your USDT to loan BTC and short BTC, or pledge your BTC to loan USDT and long BTC.
- Set the lower limit and upper limit for price range, how many grids(2–99), and choose Arithmetic/Geometric grid spacing type.
- Choose the leverage, and now only 0.2×, 0.5× and 1× are available.
- Choose the amount of your investment and it will calculate how many funds you can borrow.
After setting all the parameters, you can tap the“CREATE” button, then the bot will start!
The Credit Grid Bot parameter introducing
- Lower limit: The bottom price of price range, which you think the market price will not break.
- Upper limit: The top price of price range, which you think the market price will not go through.
- Grids: How many orders will be made in the price range.
- Margin: The fund you need to invest.
- Available margin/loan: The funds your Bot will trade with.
- Borrowable fund: The total amount of funds able to borrow from Pionex.
- Daily interest: Margin Grid will charge interest for the borrowed funds, which will be deducted directly from your pledge funds at 00:00 UTC. The daily interest can be found in the DETAILS >TRANSACTION page and on Bot Creation.
- Estimated liquidation price: When the market price reaches the estimated liquidation price, then the bot will be liquidated automatically.
Example with BTC/USDT Margin Grid:
Create a BTC/USDT Margin grid. Choose to loan USDT (Block BTC), 3000–8000 set as price range, 50 grids, and Arithmetic. So now you have 1 BTC available at the current price of 10000USDT, and block this 1 BTC with 2X leverage, so you will create the bot with borrowed 20000USDT and per grid is 40USDT. Finally you can have double profits to earn USDT when the BTC price fluctuates between 3000 and 8000.
You can join our telegram group to get the further assistance.
👉 Join Pionex: https://www.pionex.com/en-US/sign👉 Pionex Official Telegram Group: https://t.me/pionexen
