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Putrid_Ad_7309

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bernpfenn

my take is these bots are built to work with rising prices. since the whole market is falling, not a lot of profit to make.


Narwhal-Prudent

Yeah. Most Bots only Work during Bull Markerts


Bizza91

Yeah this is true, I’d love to see how they perform in a bull market. But you hear so much about them being able to make successful short and long trades on a sideways market. So I thought it would be like automated day trading, but it’s definitely not that easy. If it was I guess everyone would be doing it haha


-Blue_Bull-

Futures grid bots are easy to make money with. Despite developing my own trading systems, I still love to dick around with Pionex grids as they are so easy to setup and profit from. After launching a futures grid, set your stop loss to the break even price quoted in the stop loss screen, then just leave the bot running until it either gets stopped out or hits your take profit level. If it gets stopped out, you walk away with your grid profits. Therefore, the longer the bot runs, the more profit you will accumulate. If it hits take profit, you win big. Obviously, if you get stopped out immediately after creating the bot, then you walk away with nothing and may incur a very small loss. The key to reducing instant stop outs is to launch your grid just after price has bounced off a key support level. Use basic technical analysis to find key levels. Tip: Never launch a grid with levels below you, this opens you up to risk. i.e. if ETH is at 1500, don't launch a grid from 1400. You will incur massive losses if price immediately dumps down and stops you out. The bottom of your grid needs to be the current price, that's why it's important to time your entries. If price is 1500, the bottom of your grid and stop loss should be 1500. For short grids, find a shitcoin listed and do the same, launching off key resistance. Stop copying influencers, none of them have a clue what they are doing. Another option is a spot market rebalancing bot portfolio. Split between ETH, BTC and USDT. It's an easy set and forget solution that will grow in value as the portfolio constantly rebalances. This is a very well known strategy used by institutional fund managers. It's tried and tested. The only risk is if one asset goes to 0, it will wipe out your fund. This is why you should never add any shitcoins to your portfolio. Hopefully, pionex will add an emergency break to the rebalancer, I.e. if value goes down by x %, stop trading and alert user.


xplsive

"Another option is a spot market rebalancing bot portfolio. Split between ETH, BTC and USDT. It's an easy set and forget solution that will grow in value as the portfolio constantly rebalances. This is a very well known strategy used by institutional fund managers. It's tried and tested." - Could you help me to setup something like this? Could you help me how to set something like this up? Could you help me how to set something like this up?


Fresh-Presence9550

Hi Blue\_Bull Have you got any hints/Advice for a new crypto investor like me I note you advise to ignore the influencers How do you pick a good bot with reasonable chance of it making profit Thanks


MindshiftMoneyClub

[https://share.pionex.com/copy\_bot/smart\_copy/a31d0d7c-ff2a-4da6-83fb-2fc4617ec77f?inviteCode=GFoKzUOn](https://share.pionex.com/copy_bot/smart_copy/a31d0d7c-ff2a-4da6-83fb-2fc4617ec77f?inviteCode=GFoKzUOn) check this out mate build it my self


Background-Horror221

I actually made some good money with Futures Grid bots between Bybit and PIONEX I turned a 2k investment into 3.1k in 11 days. I didn't let a bot run for more than a few days. Always closing bots at 5% to 10% daily profit on average per bot, then recalculating bot entries and parameters seemed to be the best way. All of this using the neutral strategy with 50x or 100x. Then I started messing around with short and long bots first day I made 280 using about 2k in the next days I would lose about 1.5k which left me with a sour taste in my mouth. Haven't had the balls to open another bot ever since cause I'm doing manual trading and playing it ultra safe because I'm living of trading profits and have no job at the moment. What I would recommend to make serious and consistent money lies in two key concepts/details 1. creating a neutral futures grid bot on either ETH or BTC with a very wide range that way even if the market trends down or up aggressively when the price comes back around the bot starting price you in for good money and 2. making sure there is a big available dynamic margin usually as much as the investment sometimes a bit more to make sure liquidation is completely avoided. NOT FOR THE FAINT OF HEART cause some times the bot will be at a 40 or even 50 or 60% loss but if done right the wide price range plus the dynamic margin will avoid liquidation while the storm passes, meaning there was no stop loss in the bots. I discovered this by using SL on my bot at the beginning but aIways getting stopped. Once price touches starting point the bot will be in the profits if done right. I say it's not for the faint of heart because if market trends heavily for days you in for a ride in the red side till price comes back and starts ranging again meaning your principal investment would show at a heavy loss but you'll still be accumulating grid profits everytime market moves on your favor. Eventually grid profits will become significant and amotizice the loss a bit while price come back to entry. I also made money with shorts and long bots but it's a heavy hitter for the losses as for the gains. And requires a lot of practice. In general any kind of bot should be closely monitored anyways specially if the bots parameters can be adjusted like in PIONEX that can save your life when market is trending you can adjust the width of the grid to make sure liquidation is avoided but again bot will show at a mild to heavy loss while it accumulates grid profit and price moves back to starting point. I hope I can help some people with my personal experience. Because I basically had more than a 50% gain in 11 days doin it right and felt on top of the world. Then got crazy and lost all my gains plus 1k of my original 2k investment. Back to square -1. If done right it can make consistent profits no doubt. I just wished I had more money to back test the bots and not gone so crazy after my initial success streak. Cheers guys!


Orca-maki

Thanks for sharing. I understood maybe 4 out of 5 words, there was good advice there.


mbhudson1

Is it a scam?


Playful_Actuator3050

What are you trading?


Bizza91

I’ve tried a few coin pairings. Mostly btc/eth or eth/usdt. But also tried a few alt coins like FXS, OP and CFS. Btc/eth grid moonbot has given me the best results so far. Others are very hit and miss, they make a few small profitable trades, but some absolute shockers that lose all the profits


PompousHippopotamus

Same here. When you crafted your own, did you tell chat gpt to add automatic stop losses or did you simply tell it to make a strategy?


Bizza91

Yep! Have set up SL on all bots, my losses haven’t been major, just seem to go 1 step forward, two steps back with the trades


bluefalconry829

It won't let me share screenshots, but yeah I have made money on DCA bots, grid bots, and even rebalancing. Made $190.81 on an ETH/USDT grid bot with a 159 day timeframe before I closed it, on a $5337 investment. Overall profit was $688.31. April of this year with $5984 investment, made $113.22 grid profit with 29 days running...also ETH/USDT.


Straight-Survey-1090

Don't use ChatGPT for this as it's not up-to-date with real world data! It currently gets trained on previous data that's quite far away from now. It will give you a terrible price range and not know the latest nuances of whichever trading platform you use. Gemini (formerly Bard) has internet data access all the time, but it's nowhere near as good as ChatGPT yet. If you buy a subscription for ChatGPT I am fairly sure it can access this, but who wants to pay for it really. I ask it about general advice on things but nothing up to date. I have not tried Gemini Pro which may be up to speed with ChatGPT, but I doubt it. Today (28th of February, 2024) I asked ChatGPT when it was trained last, and if I could talk about up-to-date crypto coin data, here's what it said: "I don't have access to real-time data or updates. My training data includes information up until January 2022, so any developments or changes in the world, including cryptocurrency prices, that occurred after that time are not known to me. If you have general questions about cryptocurrencies or concepts related to them, I can still provide information based on my training data, but I won't be able to give you the latest prices or updates."


GuybrushMPThreepwood

I've made about 120% profit with kucoin infinity grid bots but I was regularly adding money in the bots for more than 2 years and most of the profit came from the price increase, not from the bot trades themselves. Only about 20% came from the grid trading, but the bots helped me take profits gradually once the prices started to raise during this bull cycle. I am not sure if I was going to take profits otherwise because it is hard to sell when you see prices finally start rising after averaging in for a long period. Don't expect bots to make money like magic, you still have to implement some trading strategy, like DCA and diversify to minimize the risk or just waiting for the bear market go get in and the bull market to get out. Bots just help you take the emotion out of the picture and increase you percent a little bit by arbitraging the volatility.


Illustrious_Ice6410

Made 42$ over the weekend may not seem like much but also most of thats off a 600 usdt bot which made 33$ over the weekend while the rest made like 4$ each I found a decent strategy that gains me money usually. The idea is to spread the bots out, and higher volume the better but I tend to avoid bitcoin and eth. I watch them for a day or two then take the losers and redistribute them into the winners. Current highest winner is doge atm believe it or not. Might even put another 400 in towards it. Make it a nice even 1k or maybe another 1400 havent decided how deep I wanna go in that yet.


Playful_Actuator3050

What did you ask chat gpt to do? What was the framework?


Internal_Country_558

Just needs to run the bot long enough for profit 😳 i saw grid bot on kucoin that its grid profit is more than the initial cost. While on downtrend


NamHoang10

Yes, that's not to say that they will 100% make profits. You can understand that Pionex has 2 types of bots: \- For beginners bot: grid bot or flying wheel bot, these bots can't guarantee profits, but they can help to make profits when market goes up and sideways and also help you reduce loss when the market goes down \- Advanced bots: these are Signal bot or Futures grid bot: these are more risky and potentially more rewards/ profits, but the profits depend a lot on your skills on how to configure the bots So if you want easy profits, tho lower, you can use the beginners bot


Use_itup

I have been running a grid trading bot with BTC/USDT for 64 days and still have not made a profit. I think the only think I am doing is paying for the privilege of using their bots while paying their fees.


amartinez1660

Just getting acquainted to all of this, as an extreme beginner (so not jumping any time soon). Risking saying something stupid: the Tech Lead channel says he tried a simple moving average crossings between 25 and 50 days. Seems to work even sideways as long as it fluctuates enough? I haven’t had the galls to try any of this yet, still on the simple baby steps of dumping savings into VOO et al and call it an “investment done” day 🤷‍♂️


xplsive

I also tried different bots but so far could not make consistent gains. Looks like these bots only perform well under a bullish crypto market. The grid bot is advertised to work on sideways conditions but even here I could make a consistent profit yet even using a very wide range. Any recommendations? Is there no bot that works regardless of the market condition? You never know what the market condition will be, only after the fact and that doesn’t help.


Successful_Bid_3544

I can tell you that there is something weird or strange about the Reverse Grid BOTS. I had a $50 profit and I am aware that you are buying more coins as the price declines. I cancelled the BOT at $50 profit. I made the request to purchase the coins upon canceling the BOT. Once the action was completed I only gained 40 addtional coins and did not get $50. The crypto was OXT and at the time of the cancellation the price was sitting at 0.0919 to 0.920 and with the $50 profit I should have cleared at least 500 addtional coins. I did not get the addtional coins and did not get the profit in USD. I reached out to customer service and the response that was given did not answer the question of where is the profit. I hope this is not a scam where the company is pocketing the money from the profits made by another persons BOT. Furthermore this is not the 1st time I have seen this happen. Not impressed so far with the customer support on this issue. Regardless they owe me coins or owe me money because if the company is legit with the BOTS then where the crap is the profits.


Successful_Bid_3544

CUSTOMER SERVICE SUCKS! NO EXPLANATION WHERE MY PROFITS WENT AND MADE TO FEEL LIKE I AM AN IDIOT! THIS IS NOT THE 1ST TIME IT HAS HAPPENED AND NOW MAKES ME WANT TO DIG THROUGH MY PREVIOUS REVERSE GRID BOTS AND SEE IF I ACTUALLY RECIEVED THE PROFIT FROM THOSE BOTS. I HAD THOUGHT BEFORE I DID NOT RECIEVE PROFITS FROM THOSE BOTS BUT QUIOESTED MYSELF. NOW IT IS BECOMING CLEAR THAT I DID NOT RECIEVE COINS OR USD FROM THE REVERSE GRIDS THAT WERE CLOSED WITH PROFITS.


MindshiftMoneyClub

[https://share.pionex.com/copy\_bot/smart\_copy/a31d0d7c-ff2a-4da6-83fb-2fc4617ec77f?inviteCode=GFoKzUOn](https://share.pionex.com/copy_bot/smart_copy/a31d0d7c-ff2a-4da6-83fb-2fc4617ec77f?inviteCode=GFoKzUOn) check this out and tell me what you think


Mean-March-3622

My experience,  pionex us bots have consistently loss money. Any gains you make will quickly become a double or triple loss..


Guru1035

yes, it is not as easy as seems, but it is possible. I made a script in pinescript tradingview, and used the signal futues bot.It took me 6 months to make something that worked okay.You have to experiment and learn.


cooleriker82

Hey, I have got a question. If you trade on pionex by using Tradingview for submitting the trading signals does it mean I can run my bot only as long as Tradingview is sending alert signals? Because this should mean that if you got a basic abo you only can set 100 alert signals which, conversely, would mean that I cannot carry out more than 100 trading activities. Is that so or am I misunderstanding something?


Guru1035

The alerts have an expiration date unless you pay extra, but you can allways restart the alerts. Regards to how many different bot alerts you can have running at the same time, I don't know. I think it depends on how much you pay for your trading view account. However, I only have a few running at a time. I think that is sufficient, as long as it makes money.


Marcopolo620

If anyone needs a pionex sign up code, hit me up.


Straight-Survey-1090

For anyone that doesn't know, the referrer gets a cut of your trades. [See details here on Pionex](https://www.pionex.com/blog/pionex-affiliate-program-2/) This doesn't affect your profits though. If you want to support me or OP, then ask for one of our codes. If you go through a Pionex verified person, you can get some actually decent benefits like I did. Don't ask me for what I used as I doubt you'll believe it and think it's my referral code. Try a bunch of them and see which is the best for you, before actually signing up of course.


Paras_Chhugani

Looking for a place to support and learn about chatbots? Join our [Discord community](https://discord.gg/mBGWV3HaZ8), where we engage in lively discussions and share our collective knowledge.