Setup
The entire lifecycle of a bot can be described as the following:
This optional parameter determines if the bot will immediately start or get triggered when the market price reaches the triggering price.
Params 1, 2, 3, 4, 5, 10 determines the grid structure.
Forneutralstrategy, the bot will start without any positionForLongstrategy, the bot will start will a long position proportional to the grid setupForShortstrategy, the bot will start will a short position proportional to the grid setup
The bot will place sell orders above the market price and buy orders below the market price.
As the market moves, certain orders will get filled and new orders will be placed accordingly.
This is another optional parameter that allows bot to stop itself when the price drops below the lower stop limit or when the price goes above the upper stop limit.
Manually stop the bot operations when desired. All the potions and open orders will remain untouched. But bot won't create new orders.
This is a manual process to close bot completely in 4 separate steps:
Note: Cell charges 10% performance fee, when the bot is profitable. No fees will be charged if the bot is losing money.
Create Bot Form
The name of your bot is randomly generated for you. But you can always name it differently. This is mainly for others to see it when it reaches the Top 10 for a given pair.
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 directionsEnhanced Neutral: similar to neutral bot but clears any long or short position every 6 hours, ideal for volatile markets without clear directionsNote: This cannot be changed once bot started
This defines the density of the grid. The denser the grid you specify, the higher the frequency of trades will be. However your per grid is also lower. So it’s a tradeoff between many small trades vs. fewer larger trades.
The minimum is 2
The maximum is 100
Tip: Market making (placing bids and asks) on certain protocols, like Mango Market, has extra rewards. So a higher frequency could translate into a higher profit from rebating.
Set the lower price and upper price of the grid range. 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.
Note: This cannot be changed once bot started
This is the market price when bot starts. Bot will open a position based on the start price for a Long/Short strategy if no Grid Trigger specified.
Note: This is determined by bot
grid_quantity = total_investment / sum(prices)
grid_interval = (grid_upper_limit - grid_lower_limit) / grid_count
profit_per_grid = grid_interval * grid_quantity + rebate
Total investment amount.
Note: You CANNOT deposit more once bot is created. But you can copy the param and crate another bot if you want to add more investment.
This is optional.
Coming soon
This is optional
Coming soon
Last modified 1yr ago