There are many things to keep in mind to maximise profits of grid trading.
Since newcomers will have a hard time learning all these themselves, i thought it might be a good idea to share some knowledge, earned by using grid trading over months on multiple pairs.
So here are my "Pro-Tips":
-If you cancel and remake your grid, when price pumps/dumps out of grid range > you make some loss which you dont see. (Keep that in mind)
-always try to use a price range that which will hold for a while
-making profitable short time grids and cancelling+remaking them hourly/daily is a bad strategy, even though it always shows you good % grid profit.
-to evaluate if a grid is good, you need to look at more than just the grid profit. For example: if the price when you started the grid is ~ the same as the current price AND your grid made 5% it is a "good" grid (it really made 5%) If the current price is 20% higher than the startprice of your grid, and your grid made 10% it would have been better to just do 1 limit sell order > not so good grid.
-when ppl post their grid profits and you think of also creating a bot for that pair check the following: -did their pair just pump for more than the grid profit they posted? (Most of times a Bad idea to recreate)
-did their grid run for a while or was it created a few hours ago (long time grids which have been running succesful for days/weeks, have more success when being recreated, than a short time grid which already "had its time")
-did their pair go up and down a few times while the bot was running, or did it run steadily in one direction. (Grid trading profits from the ups and downs in the market, if the pair didnt do that its almost always better to use other strategys)
-only invest and run grid bots on pairs, on which you think BOTH sides of the pair have a future. Regardless how your grid goes, you will always sit on one of the 2! (Ex. dont invest in trx/eth if you think either trx OR eth will be dead in 2 years)
Personal tip (some might disagree with): Dont run grid bots with stablecoins. When a huge bullrun comes and all cryptos rise 50%-100% any grid against a stablecoin will lose out on a lot profit. If the same happens on a pair against bitcoin, it wont be that huge. (Ex. Trx/btc or trx/usdt. Trx goes up 100% while btc goes up 50%. Your grid range will be left and you only have usdt or btc now, but you still have the 50% increase if you choose trx/btc over trx/usdt.
Feel free to add more useful things, you discovered, when doing grid trading in the comments Would be nice if we have like a starter guide for beginners in the end :D
(Please only share general information and tips, not recommending x/y pair or smt like that).
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