Grid bots, an overview

What are grid bots?

Advantages

Grid bot form on 3Commas
AI suggestion for grid bot

Why opt for a grid bot?

Time tested

Simple

Trend independent

Risks

Budget

Gridbots

Pionex

  • Pionex was one of first to offer free grid bots on their trading platform. They currently have 7 (or 8 depending your definition of trading bot) available and 6 out of those are Grid trading bots. Most of these are self explanatory with the exception of Infinity grids perhaps. To simplify the latter creates a % based grid that adjust with sudden price increases and isn’t limited to a strict predefined range, this grid bot is ideal if you’re dealing with a more up-trending market.

Pro

  • Fee: low fee, 0.05% trading fee for maker and taker.
  • 6 different grid bots.
  • Most advanced grid trading platform
  • no API keys needed, easy setup process

Cons

  • Not possible to use their bot on other exchanges via API keys (BitUniverse might be a solution here)

Tip: The Arithmetic Grid or Geometric Grid

BitUniverse

Pro

  • Fee: No subscription fee is needed for the trading bot.
  • Supports 20+ exchanges via API keys
  • Spot market grid bot
  • Futures grid bot

Cons

  • Less options compared to Pionex
  • More time consuming and complex to set up due to API keys

Binance

Pros

  • Fee: 0.1% trading fee for maker and taker. No subscription fee is needed for the trading bot.
  • leverage to increase profits
  • No API keys needed

Cons

  • Only available for futures market
  • Risk of liquidation
  • Not able to use on other exchanges

KuCoin

Pros

  • Fee: 0.1% trading fee for maker and taker. No subscription fee is needed for the trading bot.
  • No API keys needed
  • Classic grid bot, margin grid bot, infinity grid bot and futures grid bot

Cons

  • Limited to Kucoin not usuable on other exchanges

Huobi Global

Pro

  • Fee: 0.2% trading fee for maker and taker. No subscription fee is needed for the trading bot.
  • Grid trading bot on the spot market.
  • Welcome bonus of up to 170 USD

Cons

  • Limited to Huobi

3Commas

Pros

  • Fee: free but limited to 1 bot, if you want more options and more bots there are paid plans ranging from $29 to $99 per month
  • Supports paper trading for newbies (=ability to simulate trading without risking money)
  • Ability to use grid bots on 6 exchanges
  • more than just a trading bot, complete multi-exchange trading platform

Cons

  • More time consuming and complex to set up due to API keys
  • Free version is limited to 1 bot

TradeSanta

  • Grid trading bot on the spot market.
  • Grid trading bot on the future market (alpha stage).
  • Fee: $49 monthly subscription fee.

Bitsgap

  • Has their own optimized grid bot that optimizes for profit
  • Fee: $19 to $110 monthly subscription fee depending on features.

Quadency

Pro

  • Fee: free if you sign up with one of their partner exchanges (Binance, Kucoin, OKEX…etc
  • Has an interesting option when price leaves the grid range: “Recreate grid around exit price and continue trading”

Cons

  • Fee: $49 to $99 monthly subscription depending on features

GSMG

Pro

  • Support for Binance and Bittrex
  • More optimized algorithm

Cons

  • Fee: 25% of your profit paid in ETH or a paid plan ranging from $15 to $950 /month
  • Optimisation process takes a bit of time
The 30% discount code will be valid from the 1st of April until the 7th of April 00:00 AM UTC and applies to the first invoice. The discount code for this promotion is: EASTERHOPPER21
3commas

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