Pionex Infinity Grid Trading Bot is a premium version of the popular grid bot from Pionex. With this software, there is no worry of the market price overshooting the price range you have set in your grid. This free bot from the Pionex platform allows you to buy low and sell at a higher price 24/7. As one of the 16 integrated bots of the platform, this software helps monitor the price changes and respond to the volatility adeptly.
About Pionex Infinity Grid Trading Bot
The bot is a type of grid system where there is no upper limit. When you use this bot you do not have to worry about the price exceeding the upper limit you have set. This type of bot is ideal for use in a trending market.
Pionex Infinity Grid Trading Bot: how does it work?
In the infinity bot, there is a lower limit without any upper limit. The lack of an upward limit helps to keep the investment in an asset at a consistent price. For instance, if you purchase $1000 worth of ETH, the bot will ensure the price of the asset is kept at $1000 regardless of the market movements.
How to set up Pionex Infinity Grid Trading Bot?
Here are the steps needed to set up the trading bot:
- Create an account on Pionex by visiting the official site.
- Log in to the site and choose the infinity bot from the home page.
- There are two options, namely, the AI Strategy and the Manual setting.
- For AI Strategy, you need to choose the fund amount you want to trade with while the other parameters are recommended by the bot.
- For manual setting, you need to set the lowest price, total investment, and profit for each grid.
Key takeaways
Some of the key features of the platform are:
- It allows you to set the capital and sells gradually based on the set profit grid provided you begin at the lowest price.
- The bot is useful only in a bull market.
- Profit is generated from market fluctuation and unrealized profit due to the high and low prices.
- More initial investment is required when compared to a grid bot.
User interface
A user-friendly navigation system is present for the bot. The main platform has a simple but efficient setup that makes it easy to choose the features you want and keep track of your assets.
Trading strategy behind Pionex Infinity Grid Trading Bot
As the name implies this bot uses an infinity grid approach that includes AI strategy and manual setting options. With the AI strategy, you can create a bot based on the backtesting results.
How profitable is Pionex Infinity Grid Trading Bot?
The system is best for a bull market where it can make a decent trending profit. As per the vendor, it is more profitable in a trending market than in a swinging market. However, there are no verified performance results to prove the profitability claims of the vendor.
Safety and security of Pionex Infinity Grid Trading Bot
As per the vendor, the system uses security methods such as data encryption, firewalls, controls for authorization of information access, and physical access controls to data centers.
Customer support
For support, an FAQ, video tutorial, blog, and links to Telegram, Discord, Twitter, Line, and Facebook are present.
Reputation
As per the Twitter profile of the system, the platform has been operating since 2019. The company is based in Singapore and has good liquidity with a 0.05% fee.
Team members
From the info present on the social media pages of the company, the team members include Larry Toh, Josey Wyatt, and Dave Yeh.
Exchange compatibility
The bot is integrated with the Pionex exchange and hence does not need to use other exchanges. Pionex partners with Huobi and Binance for aggregating liquidity.
Pionex Infinity Grid Trading Bot pricing: is it worth your money?
You need not pay for the use of the bots as they are free to use. The platform charges a small fee of 0.05% for the trades. The withdrawal fee depends on the crypto asset you are using.
Pionex Infinity Grid Trading Bot review: upsides and downsides
| Upsides | Downsides |
| Free bot | Requires a larger initial investment |
| Works best in an upwards market | No trigger price or SL present |
| Provides best results when used for a longer holding time |
Pionex Infinity Grid Trading Bot review: final remarks
Pionex Infinity Grid Trading Bot exploits the arbitrage method to buy low and sell high ensuring high returns. The free bot, user-friendly navigation, good security methods, and integration with the Pionex exchange are key benefits of this bot. However, you need to mull over the downsides like lack of verified proof, the need for a larger capital, and the absence of a stop loss or trigger price.
