Leveraged Grid Bot uses an advanced grid approach for boosting profits. It works by amplifying your investment via leveraging. The bot is one of the free bots integrated with the Pionex exchange. Setting up the bot and using it is easy because of the user-friendly interface. For traders who want to capitalize on an up-trend market, this is a good choice to consider.
About Leveraged Grid Bot
This is a bot using a sophisticated strategy to magnify the profits you generate by leveraging your investment. While the basic approach is that of a grid method, it differs in the fact that it uses the lending market and leverages your principal. With a higher investment, you get to generate higher profits.
Leveraged Grid Bot: how does it work?
The bot uses the grid approach which involves buying low and selling high within a particular range. In a bounded range, there are multiple grid levels in which sell orders are placed above the current rate. Buy orders are placed on levels below the existing rate. In a leveraged grid, the lending market is used for leveraging your capital.
For instance, if you want to invest 200 USDT in a leveraged grid bot, and you choose 2x leverage. This will increase your investment to 400 USDT where you get the additional 200 USDT as a loan from Pionex. So, you get to generate 2x time the income as profit.
How to set up Leveraged Grid Bot?
The steps to follow for setting up the bot are given below:
- Visit the Pionex site
- Choose the bot from the right side of the website under the Trade section
- Click on the create option for setting the parameters
- Enter the price range, grids, and the mode you want to use
- The bot will start trading once you have completed the settings
Key takeaways
Some important features of this bot that make it competitive are:
- The bot allows you to leverage your principal to ensure higher profits.
- The number of grids and upper and lower limits of the price range is similar to the settings in the grid bot.
- The additional settings in this leveraged bot include the amount you leverage, the borrowable fund present in the Pionex pool, and the interest charged per hour for the borrowed fund. Higher interest is charged if there are more bot users.
- The liquidation price setting is a position where the bot is liquidated when the market price reaches the liquidation limit you have set.
User interface
The website is well-designed with a hassle-free and easy-to-navigate setup. Creating an account, setting up the bot, and using it is quick and easy to do. New users will find the process simple and efficient.
Trading strategy behind Leveraged Grid Bot
While the approach used by the bot is similar to the grid bot, the main difference is the leverage used. The leverage multiple setting is a vital part of the bot. You need to set the leverage multiple before entering the amount you want to invest. When the setting is finished, the maximum investable amount you have set is adjusted based on the leverage multiple. The interest and the estimated liquidation price are other vital factors that should be used with care.
How profitable is Leveraged Grid Bot?
As per the vendor, the leverage grid is more profitable when compared to the leveraged trading as the grid profit you earn becomes the margin earned ensuring higher security. However, we could not find verified proof of the profitability of the performance.
Safety and security of Leveraged Grid Bot
As per the vendor, the site uses security measures such as information access authorization controls, physical access control to its data centers, data encryption, and firewalls. Further, since the bots are integrated with the exchange the security and safety measures are more robust.
Customer support
For support, the vendor offers an FAQ section, a live chat feature, video tutorials, a blog, and links to social media platforms such as Telegram, Twitter, Discord, Line, and Facebook.
Reputation
As per the info provided on the social media pages, the company has been serving users since 2019. It is based in Singapore and has users in 100 countries and regions worldwide.
Team members
From the Facebook page of Pionex, the members of the platform include Dave Yeh, Larry Toh, Josey Wyatt, and Lunik Hsu
Exchange compatibility
The bot along with the other free bots of the platform is integrated with the Pionex exchange.
Leveraged Grid Bot pricing: pricing details
You can use the bot without paying any fee. A 0.05% commission fee is charged for the trades and the withdrawal fee is based on the crypto coin or token you trade with.
Leveraged Grid Bot review: upsides and downsides
| Upsides | Downsides |
| Free bot | Is useful only in an uptrend market |
| Low commission fee | Higher risk due to the leveraging |
| Good security features |
Leveraged Grid Bot review: final remarks
Leveraged Grid Bot is a free bot from Pionex offering a higher earning opportunity to users. If you want to increase the profit in an uptrend market it is a good bot to consider. However, you need to have used the grid strategy to enable better use of the bot.
