Cell currently integrates with Mango Market with Serum on the pipeline. Neither CLOB DEXs charge fees for bid/ask limit orders.
In fact, if the bot is running on protocols like Mango Market, you will be receiving MNGO as market making rewards.
If the bot is out of range, no more positions will be opened.
For a BTC Long bot, assuming the price range is set to be $40,000 ~ $50,000
- if the market price moves up to $51,000, the bot will sell all your BTC and get a full bag of USDC, so you are forced to sell high and take profit
- if the market price moves down to $39,000, the bot will buy low and the rest of the USDC will be used to purchase BTC.
For a Short bot, it's basically the opposite of it.
For a Neutral bot, you will be holding roughly half of the total investment in short/long positions.
Long: the bot starts with long position and then executes grid buy and sell trades, ideal for trending and volatile bull markets
Short: the bot starts with short position and then executes grid buy and sell trades, ideal for trending and volatile bear markets
Neutral: the bot starts with no position and then executes grid buy and sell trades, ideal for range-bound markets without clear directions
Enhanced Neutral: similar to neutral bot but clears any long or short position every 6 hours, ideal for volatile markets without clear directions
This really depends on the liquidity depth of the market. We recommend checking mangolorians, an analytic site for checking buy/sell slippage before you create your bot.
Grid profit combines the strategy profit by "buying low and selling high" with the market making rewards is applicable. Total profit is Grid Profit + Position Profit, where Position Profit comes from price moving up or down.
Depending on the Solana network conditions, it could take a few moments or longer. Please try a few times with patience.
We don't have a set-stone date on a token release yet. However, we will be sure to keep everyone posted as soon as we finalize any details.