My first spot grid bot!
General information:
What I am presenting now is my understanding of how a spot grid bot works. For such a bot, you need a range, a number of grids, and a minimum invested amount. The invested amount is divided by the number of grids, resulting in the amount used for buying or selling on each grid.
Now, let me introduce my first spot grid bot. On December 26, 2024, I decided to create a bot with the ~$61 I had in my Binance wallet. So, I set up the following bot:
$SHIB / $ usdt
Price range: 0.00001900 - 0.00002500
Number of grids: 50
Investment: 60.98$
For the invested amount, the profit is $0.004 per matched transaction (a matched transaction consists of two transactions: a buy and a sell, or vice versa). To achieve a $1 profit, I need 250 matched transactions, as $1 is also the minimum amount you can withdraw. So far, I have 48 transactions and hope to reach 250.
I believe you could make a profit with a larger invested amount. For example, let’s assume you invested $500. The profit per matched transaction would be $0.035, and you’d need only 29 matched transactions to make a $1 profit.
What do you think about spot grid bots? If you use them, feel free to share your knowledge with the community.
