Well, there are only a few Grid bots that are quite remarkable, and in the past few months, I had to chance to explore many of them. I in fact used all of them to run a grid bot, and here is one of my trade results with Grid auto trading bot:
Do notice the frequency of trade (Time-stamp).
Now, I feel confident enough to share insights from my learnings, and exploration of these grid trading bots.
I’m happy to announce the launch of CoinSutra VIP, which is a paid community. You can join is to learn how to earn passive income with grid bot trading strategy, and weekly calls on which coins you should be trading to make income from grid bot. You can email hello@coinsutra.com to learn more about our VIP plan.
However, If you are new here, I highly recommend reading about the best crypto trading bots apps.
Now, moving on to Grid trading bots…
Grid Trading works best in the ranging sideways market and by using a bot you could execute your strategy even when you are sleeping. Grid trading gives you profit with ups and downs of the price fluctuations in the market, and works best when any particular pair is in a range with no clear up or down trend in a longer period.
Disclaimer: Trading is a skill, and using a bot doesn’t guarantee you would make money. You should rather invest time learning the basics, and then use a bot to automate your strategy. It took me more than a year to get results, so do not RUSH!
Disclosure: This article contains affiliate links, but every word is unbiased and based on real experience.
Those who are into scalp trading can also take advantage of Grid bots to automate their trading strategy. Here I have compiled a list of the best available Grid auto bots, with my remark and experience. Some of them are free, and a few of them are paid.
My suggestion is to try one or two at a time, and see which one fits your style of trading.
Here we go…
6 Best Automated Grid trading bots:
1. Bybit Grid Bot automation
Bybit is a cryptocurrency exchange that offers many automation strategies, including grid bot trading. Since you will be directly running your bot on the exchange, the API delay and other issues we get using 3rd party tools are not there.
Bybit offers two grid bot type at the time of writing:
Spot market grid bot
Futures market grid bot – up to 100x
Here are top features of Bybit grid bot:
Customizable Grid Configuration: Bybit Grid Bot allows traders to set up their own customizable grid configuration to fit their trading preferences. This includes setting the trading range, the number of grid orders, and the distance between each order.
AI Based strategy: If you are not sure of what settings to use for your grid bot, Bybit offers AI feature which automatically help you set optimum settings for the grid bot.
Multiple Trading Pairs: Bybit Grid Bot Trading supports multiple trading pairs, giving traders the flexibility to trade different cryptocurrencies using the same bot. You can run bot on spot market and also on futures market.
24/7 Trading: Bybit Grid Bot Trading is designed to trade 24/7, which means traders can take advantage of market opportunities at any time of the day or night, without needing to constantly monitor the market.
Real-time Monitoring: Bybit Grid Bot provides real-time monitoring of the bot’s performance, allowing traders to keep track of their profits and losses, and make adjustments to the bot’s parameters as needed.
Risk Management: Bybit Grid Bot Trading includes advanced risk management features to help traders minimize their risks. This includes the ability to set stop-loss and take-profit orders, as well as the ability to adjust the bot’s parameters based on market conditions.
User-friendly Interface: Bybit Grid Bot Trading has a user-friendly interface that is easy to navigate and use. This makes it accessible to both novice and experienced traders.
Get Started with Grid bot on Bybit
Learn in depth about Bybit grid bot trading here.
2. Binance Grid trading bot
Binance which is the world’s biggest crypto exchange has an in-built grid bot. A lot of Binance users are not aware of it, and if you have been looking for a grid bot, you can use the one which is offered by Binance.
To use this feature, you need to have a Binance futures account. If you don’t have one, you can create one using this link or by selecting Futures in your Binance account header. It may ask for a referral code, you can use 37705785.
Update: Binance grid bot is now available on Spot market too.
Once your futures account is ready, you can click on Derivatives > USD(S)-M futures
Anyways, now on this page click on “Grid trading” which is nicely tucked in the right corner of the trading page. Don’t forget to select the right pair, and transfer USDT to your futures wallet.
Now, on this page, there are settings that you need to configure to start setting up your trading bot on Binance.
Click on create to start your first grid bot on Binance. You can anytime click on “Active grid” to see the result of the current running grid bot. Anytime, click on the tutorial button to read more about Binance grid bot settings.
I recommend you to start with a small amount, and use less leverage when testing this. Give it some time to get accustomed to all the settings, and then increase your capital. This way you will minimize your risk of losing your funds.
Start Grid Bot Trading on Binance
3. Altrady Grid Bot
It was really hard for me to pick the best grid bot tool for the position #3. After careful consideration and testing all the tool, pick Altrady. Altrady is a trading tool that connects with 30+ crypto exchanges via API. Once you are connected with an exchange, you can run grid bot strategy.
What I like about Altrady is that it offers a desktop app and a mobile app and can also be accessed via a browser. Talking about Altrady grid bot trading, it offers advanced data to help you calculate your profit and losses.
For example, here is one bot that I have been running on Altrady, and you can clearly see the entry and current price, and P&L so far.
Here are notable features of Altrady grid bot tool:
Run grid bot on any exchange that Altrady supports
GRID Bot with Trailing Up and Down
Backtesting for your grid bot strategy
Take profit and stop loss price
Time based auto-close
One of the best data analytics for grid bot
Start Your Free Trial
4. Pionex
Pionex is a crypto exchange that offers many crypto bots including grid bots. Once you deposit funds in your Pionex wallet, you can use their grid bot to automate your trades.
They have been around since 2019 and are based out of Singapore. I have shared a detailed review of Pionex before, and also shared the pros and cons.
Start Grid Bot Trading on Pionex
5. Bitsgap grid trading bot
Bitsgap is the newest entrant in the world of crypto grid trading software’s and it is nicely done. It offers a demo account that is ideal for an absolute beginner, and you can connect with almost all the popular exchanges including Binance.us. Especially if you are from the USA, you should be using Bitsgap or 3commas, as both of them let you connect with the Binance.us account.
There are three different kinds of bot available, and some nice unique features like auto-adjust grid size which Is something not available in any of the other grid trading software mentioned in this list. You need a paid account to run the bot, and you can also make payments in cryptocurrencies. Bitsgap also works as a crypto paper trading app, if you want to try paper trading before putting in real money. You can also read a detailed review of Bitsgap here.
Overall, Bitsgap is something that caught my attention recently, and it may become your choice of crypto grid bot app.
Start with Bitsgap (Get $10 off)
6. Gate.io Smart Quantitative Trading Strategy
Gate.io is a popular crypto exchange that also allows users from the USA. They have been around since 2013, and recently they added the option to use grid bot trading on the platform. Since every transaction is happening on the exchange, you don’t need to pay for any 3rd party subscription or even connect with API.
For anyone who understands grid bot trading strategy, and looking for an easier way to execute it, Gate.io is an ideal solution. Especially when there are limited solutions for our users based out of USA, Gate.io is something one should look at. Gate.io also have a native token called GT, which you can use to lower down the trading fees.
Start Grid Trading Bot on Gate.io
7. 3Commas Grid Bot
I have been a user of 3Commas for a long time, and I really like their interface, and mobile app to track the performance or stop the bot. I have talked about 3Commas in depth here on my 3Commas review, which you must check out.
3Commas offers paper trading which is ideal for those who want to test Grid bot before actually putting in the real money. It also works with all popular cryptocurrency exchanges, and their free tutorials and guides will help you to master the art of Grid trading.
3Commas also offers AI-based grid trading, where you let their AI decide the upper and lower limit for the grid. Or, you can set a manual upper and lower limit for grid size.
Here are some of my results after using grid bots:
It definitely lacks the feature of stop-loss, or auto grid resizing, which may make a lot of difference for many novices. Unlike others, 3Commas is not free, and cost about $49/month for grid bot trading. However, you get 3 days trial, which is good enough for you to test out the system. Either way, in my experience 3Commas, is a solid choice for a majority of intermediate and experienced traders.
Take 3-Day Free Trial of 3Commas
8. Quadency Grid bot
Quadency is another popular crypto trading bot, which offers grid bot as a free feature. However, their bot is different than the above 2, as you can’t set the upper and lower limit manually.
To be honest, I could not find much detail on how Quadency sets the price for grid, but what I like about them is; it gives you control on what to do when exit price is reached. Here are 4 options:
Recreate grid around exit price and continue trading Use this option if you have sufficient balance in quote and base to re-create the grid at the point where the price exits the grid. Note – this involves cancelling all open orders and close open positions with a market order.
Cancel all orders and stop bot Use this option if you want to cancel all remain open orders and stop the bot. This option will not close any open positions. A position is open if the bot has bought quantity but has not sold the same amount or conversely if it has sold but has not bought back the same amount.
Cancel all orders, close all positions and stop bot Use this option if you want to close all positions in addition to cancelling any remaining open orders.
Do nothing Use this option if you would rather wait for all open orders to eventually get filled. As the price reenters the grid, the bot will resume trading. However, if the price never re-enters the grid, the orders will remain open indefinitely until manually cancelled.
You can read more about Quadency grid bot feature here.
Use Quadency For Free
There are a few more options like Pionex which is primarily an exchange but offers bot trading. Though I have not done the diligence of this exchange, so I would not trust this with my money, as it requires us to deposit the fund. Rest other options listed above, let you connect with exchange using API, and thus your funds are more or less safe.
Which is the best exchange for grid bot trading strategy?
The best exchanges are Binance.com and Bybit.com as the volume is quite high, and transaction fees are lower.
Which Grid bot software is the best for USA residents?
Bitsgap or 3Commas works with many USA-based crypto exchanges and hence should be used by residents of the USA.
Is there a course for learning grid bot trading strategy?
Yes, CoinSutra offers a VIP program that includes a video course for Grid bot trading strategy. You can email “hello@coinsutra.com” to learn more about this course.
Are trading bots legal?
Fact: Grid bot trading is perfectly legal, and a majority of traders have taken advantage of this automated trading strategy. The sooner you start, the more advantage you would get.
Which are the best coins for grid bot trading?
BTC and ETH are two evergreen coins for grid bot trading, as long as you consult the chart. In our CoinSutra VIP program, we often discuss profitable coins for automated trading.
Conclusion: Which Grid Bot App to use?
Well, Bybit or Binance should be your first choice as it is free, and especially if you are a beginner.
If you are an advanced user, use something like Altrady or 3Commas.
As it is, I will keep an eye on more new bots which are coming in the market and will include which is worthy enough to be listed here on our CoinSutra resources.
Now, it is your turn to let me know how your experience has been with Grid trading. Also, if you know of any other Grid trading bot, do let me know via the comment section below.
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