🤖 Spot Grid Bot on Bybit
So, today we will talk about the spot grid bot on the Bybit exchange. A spot grid bot is a bot that gives us the ability to automatically earn money without your participation. You just need to configure it correctly
1. The first thing we need to do is register on the exchange and go through level 1 verification in your profile
2. The second step is to find the bot itself and start setting it up. The list of bots is on the main page
After you have selected a spot grid bot, the bot settings window opens
Let's look at these settings in more detail so that you can easily configure this bot yourself and easily make money on the market
1. At this point you can choose the strategy by which you will earn money AI strategy is when you trust artificial intelligence to automatically choose a trading strategy for you.
Manual strategy is when you set the settings yourself based on your own analysis of the coin. For me personally, manually setting up a bot is more correct than setting up artificial intelligence
2. At this point, you select the coin you want to trade. According to my personal observations, it is better to choose a coin with low volatility as it can bring you a stable income in the long run. My choice is Ethereum. But you can choose any coin
3. And in the last point you choose the amount you will trade. This is a very important point, since your earnings and changes in indicators in the yellow field will depend on it
Let's now look at each item in the yellow box
Price range is the range in which your coin will be traded.
27681 is the lowest price until which the bot will buy your coin
39189 is the maximum price up to which your coins will be sold
This means that the bot buys a coin when the market is falling and sells a coin when the market rises
Grids and interval. These are two very important points that are important for you to understand.
Grids is the number of transactions that will be offered in the specified price range Intervals is the price step between each grid
Let me give you an example. Bitcoin is trading in the price range of $27,681-$39,189 Number of grids 58, interval $198
This means that if the price of Bitcoin rises by $198, the grid bot will sell your Bitcoin and earn you money. If the price of Bitcoin falls by $198, the grid bot will buy Bitcoin, thereby averaging your drawdown. The entire trading process will take place within the specified price range
The beauty of this bot is that it allows you to save the number of coins in a falling market and make money in a rising market.
And the last point is Investment. This is the amount of money you invest in the bot. This item will determine how your Grid and Intervals indicators will change.
If you invest a small amount, then the number of grids will be small and the Interval will be large. This means that transactions will be made less frequently due to the fact that the price of the coin needs more time to rise or fall For example. You invested $100. Number of grids 4, interval $500. This means the price of the coin must rise or fall by $500 for your trade to work. And there will be only 4 such deals
Therefore, I recommend investing at least $500 in this bot to feel the profit
All this is configured manually.
I hope the knowledge I gave you in this post is enough for you to set up the bot yourself. If something doesn’t work out for the Air Force, you can always write to me in private messages in Debank @pakoinvest and I will help you set up the bot
Now about my trading results with this bot.
In 25 days of trading with a bot on the ETH/USDT cryptocurrency pair, the bot made me a profit of 23.5% or 129usdt. I invested 552 usdt in the bot. I think this is an excellent result I wish everyone profit and trading with this wonderful bot.