This is a great strategy during a long downtrend vs putting your powder on the sidelines. PAXG is backed by gold so it has much lower risk. Doing this at KuCoin is giving me 40% APR for the last couple of months. Your mileage will vary due to entry points, etc. but mostly PAXG goes sideways with plenty of wicks for arbitrage.
Comentarios
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Adjusted the rainge to fit the rising price of PAXG - using 1800-2250 with 13 grid lines.
Is it ok to use more grids, maybe 40 or 50, on the range 1800-2250?
flapinux
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@newuser1234, More grid lines = more trades, but smaller ones. Don't think it'd make a lot of difference but I haven't done the math
decimalPie88483
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How much did you gain right now? Update would be liked, friend!
flapinux
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@decimalPie88483, Bot's up 52%, still averaging in the mid 30s for APR overall
flapinux
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I Updated the grid parameters to go from 1800 - 2500 to account for the the increased volatility - Grid Profits are averaging 48% with this pull back - overall APR is 38%
opho02
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@flapinux, how is the gridbot doing it on the moment .. was thinking on a setup 1780-2150 what can you advice
flapinux
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@opho02, Still going well - I think I'd use 1800-2200 (I'm using 1769-2242 myself but I don't think it'll hit those tope levels anytime soon). I'm averaging 40% APR since the OP. :)
opho02
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Thanks for the advice, my bot is. now running 🏃 on this.