AI Trading Bot strategy / explanation (Type: Grid Bot)

What is AI Trading Bot and what strategy is uses

The AI Trading Bot is a automatic trader that places orders with a grid type trading strategy.

It is a trading strategy that, unlike most other strategies, works best in a sideways/crab market, with no clear direction.
Profits from the ups and downs of price fluctuations. The more frequent and the greater the price fluctuations, the more profitable the strategy will be.

Instant Bonus integration with the Trading Bot

When you create a bot, after you set it up using the parameters that you chose (min/max price, numbers of orders, % of profit, etc) , you will be able to set it up normally using the button "Set Up", but now we have integrated the Instant Bonus feature inside it. If you want to use the Instant Bonus contract attached to your bot, you'll need to click the button "Assign to New Contract", doing so you will be able to choose that the trades with the Instant Bonus are done with the Artificial Intelligence of the Bot or you can still choose to do the Self Trading Mode, it will be your choice.

Discover more about the Instant Bonus feature by clicking here!

How to set up the Bot

You will have to choose a price range for the strategy and then decide how many "Grids" you want to have in it. You basically "split" your price range into multiple smaller ranges (Grids) to increase the likelihood that placed orders will be triggered.
The more grids you create, the higher the swap frequency will be because the grid width has decreased. But at the same time, the profit obtained with each order will decrease. This means that you can choose to have many trades earning only a small profit at a time, or a few trades which in turn make a large profit each.

Trade fee

The Bot automatically takes into account the fees applied by the platform, and for this reason it will automatically give an error message if the user inputs a risky/too low min profit % so the funds of the user can be protected against the bots fees of his line.

These percentages rounded up are based on this formula which concerns fees: 0.375% (purchase fee) + 0.375 (sales fee) = 0.75% (total fee for each complete trade) - fees discount of the belonging Line:

No line (0% discount): min profit should be at/over 0.8%
Silver Line (10% discount): min profit should be at/over 0.75%
Gold Line (15% discount): min profit should be at/over 0.65%
Platinum Line (20% discount): min profit should be be at/over 0.6%
Black Line (25% discount): min profit should be at/over 0.57%

Operation

Each time a buy order is activated, a new sales order (higher than the purchase) will be entered. And every time a sell order is triggered, a new buy order (less than the sale) will be entered. This means that every time the price fluctuates between 2 grids in order for a trade to be made, a small profit will be earned.
As long as the price remains within the set range, the strategy will always sell a portion of capital when the price rises and will buy with a portion of capital when the price falls, scaling small amounts of profit each time.

Liquidation of Bot Funds 

When the User decides to stop the bot and liquidate the funds (this explanation is about the use of the Classic bot, in case of an Instant Bonus Contract paired bot the liquidation process will start after the contract is expired, as it is with the Grid Bot), an automated process will start and all funds will be converted to the initial invested token/coin (BTC/PRDX/USDT) and sent to the spot wallet of the user.

Rebalancing of funds within the Bot

When launching a new version (first version and later by user choice, with new range or price settings to improve performance) of the Bot (Grid and Trend), whether with contract or without contract (classic Bot), there is it will be a rebalancing of the funds within it (example, Bot grid on BTC / USDT pair, the user USD chooses T as the currency to invest in. When the Bot starts up for the first time, and for each subsequent new version , the bot initiates the rebalancing of funds to place orders at different or in a different range. has half funds in USDT and half in BTC, will sell BTC and buy it back at the current market price, which may be different from the initial price since the launch of the bot).

To avoid time wasters, to study the product, charts, technical analysis and research on the market and make personal decisions to limit these time wasters.