How Does the Multi-Pair Grid Bot Work?
The Multi-Pair Grid Bot uses machine learning to determine the best grid step percentage for each trading pair based on current market conditions. Each strategy has a Trailing Stop feature to help capture additional profits during sudden price spikes.
The Multi-Pair Grid Bot constantly monitors the entire market to find the best trading opportunities. It looks for assets that have been in a prolonged downtrend. The idea is to begin trading when the downward trend slows. When it identifies a suitable pair, the Multi-Pair Grid Bot creates a grid bot to start trading. It can run up to 10 grid bots simultaneously.
The bot only executes long strategies. The Multi-Pair Grid Bot has unlimited grid levels and will close an individual GRID only when the profit target is reached. The profit target is set to the amount per trade. For example, if the bot sets the amount per trade to be $20, this will also be the Take Profit target for the grid bot.
Detailed guide on how to use the Multi-Pair Grid Bot.
Risk Levels in the Multi-Pair Grid Bot
Low Risk: Minimum investment is $400. Each trade uses about 5% of your investment.
Balanced Risk: Minimum investment is $200. Each trade uses about 10% of your investment.
High Risk: Minimum investment is $100. Each trade uses about 20% of your investment.
If the trade amount, based on your selected percentage, exceeds the minimum amount required per grid level, the bot will start another grid bot to diversify. For example, if you select Low Risk and invest $800, 5% of this ($40) will be divided between two grid bots, each receiving $20. The same logic applies to Balanced and High Risk levels.
The Multi-Pair Grid Bot employs two distinct approaches for pair selection
1. "Profit-optimized" enables the bot to automatically scan and identify the most promising opportunities across all available trading pairs on the exchange.
2. "Selected Pairs" allows manual selection of specific pairs you want to trade, giving you full control over your trading preferences.
Risk Management in the Multi-Pair Grid Bot
You can define custom Take Profit and Stop Loss targets for each Grid Bot. This approach allows you to adjust your risk management strategy according to your needs.
DISCLAIMER:
The Multi-Pair Grid Bot performs best in a bullish or neutral (stable) market. In a bearish market, the bot may accumulate significant unrealized losses. It is important to monitor the bot's performance closely. You should either pause the bot during prolonged market downturns or ensure you have sufficient capital to manage potential unrealized losses.
We recommend using Cross Margin Mode for safer trading. Note that Isolated Margin can carry a higher risk of position liquidation.
FAQ
How do I set up the bot?
How do I set up the bot?
To set up the bot, click the Multi-Pair Grid Bot's tab in the menu section. Then press the "Create Bot" button. In the bot settings select the API you want to trade with, set the minimum amount per trade, and specify the maximum number of positions that can be opened simultaneously. To finish creating the bot, press "Create" at the bottom of the form.
What actions I can perform with my bot?
What actions I can perform with my bot?
Once the bot is up and running, you can do the following actions:
Edit. Allows you to edit the bot settings.
Stop. Stops the bot and closes all your currently open positions.
Delete. Closes all your current strategies and deletes the bot card.
Positions. Displays the full list of currently open positions and a separate tab with historical positions.
Where can I see the bot’s positions?
Where can I see the bot’s positions?
All positions related to your Multi-Pair Grid Bot can be found under the "Multi-Pair Grid Bots" / Positions tab.
Can I close the positions myself?
Can I close the positions myself?
For Multi-Pair Grid Bot 1.0: Yes. While a position is open, you can press the cross icon next to the position to close the selected spread using a market order.
For Multi-Pair Grid Bot 2.0: You cannot close the individual positions, but you can close all positions by clicking the "Close All" button.
What happens if I delete the bot?
What happens if I delete the bot?
If you delete your bot, all your opened positions will be closed using the market orders, and the bot will be deleted. The trading history will remain in the Multi-Pair Grid Bot's tab under Positions.
Why was my bot paused?
Why was my bot paused?
One reason might be that the bot sent 10 signals, and you have 10 failed positions in a row. To resolve this, go to the Multi-Pair Grid Bot Positions tab and check the error by clicking on the failed strategy.
Another reason could be that the API profile connected to the Multi-Pair Grid Bot is currently disabled or inactive, or that your balance with x20 leverage is less than $50. To fix this, check your API settings in WunderTrading or add funds to your trading account.
Which trade mode should I use for the Multi-Pair Grid Bot?
Which trade mode should I use for the Multi-Pair Grid Bot?
The Multi-Pair Grid Bot uses Hedge Mode. Please make sure you have Hedge Mode enabled in both your exchange account and the API settings on WunderTrading. A detailed guide on how to switch to Hedge Mode can be found in this guide.
Can I use the same API that I use for my main trading activity?
Can I use the same API that I use for my main trading activity?
If you trade on WunderTrading, we recommend creating a new free sub-account on your exchange. This allows you to create a separate API for the sub-account and keeps your personal strategies separate from the Multi-Pair Grid Bot.