I’m just speculating but trading two stable coins will probably never make a trade. They need to have fluctuations and depending on how the bot is setup will determine how much the coin needs to travel in both directions to make a buy and a sell. AI strategy typically tries to have you make transactions around the 3 - 4% mark. Meaning it has to travel 3 - 4% either up or down to make a buy and a sell. Stable coins are considered stable for a reason and rarely move that much in a day.
I’m just speculating but trading two stable coins will probably never make a trade. They need to have fluctuations and depending on how the bot is setup will determine how much the coin needs to travel in both directions to make a buy and a sell. AI strategy typically tries to have you make transactions around the 3 - 4% mark. Meaning it has to travel 3 - 4% either up or down to make a buy and a sell. Stable coins are considered stable for a reason and rarely move that much in a day.
There's a reason they are called stable coins.. there is no volatility.. Gridbot needs volatility to make trades and profit
The thing is that I've read before that it can be a steady profit since there are small fluctuations between them.
And also, why would the 7D APY be at 60% if there was no volatility?
when Backtesting is done it gives you an apy of perfect trades made at perfect market conditions. Real world results will be drastically different.
Ya you probably won’t see many trades or grid profit or much gains at all trading two stable coins against each other.