thetradingparrot
patreon
FLOW grid bot
🕑 Added 2021-08-29 17:22:03 +0000 UTCI’m starting a grid bot on FLOW/USDT pair.
Limits between 10 and 40.
I’m using 30 levels and 500 dollars in total.
If you use less the exchange might complain for the order sizes in which case you might have to reduce the number of grid levels or increase the investment.
There’s a lot of volatility currently on this token but it’s also pretty bullish with upside potential.
I’m using arithmetic but if you are more bullish than me after researching it consider infinity grid or geometric grid as well. Also I’m using 10 as lower level which is just above the minimum we saw in May after the market collapse which should be a strong level of support in case of any big FUD event in the next months. If you want extra risk use 20 as the lower and that extra density will turn into a higher profit setup. If you are beginner or conservative run it with 10.
I’ve seen the last few days how the prices are oscillating heavily up and down. If this trends continues so shaky a grid would make it a great opportunity.
In crypto there’s nothing guaranteed so do not mimic blindly and accept the risk of you do!
I personally think it’s a good one and I’m using a small portion of my portfolio and will see how things develop for this project in the next months.
