Category: Bot

Have you also tried to buy a dump and then sell the pump again? Oh man, that can be frustrating. Often it seems like the market is against you and one dip is followed by another dip, even though you were hoping so much for the pump. While there is the saying «Time in the Market Beats Timing the Market», grid trading still tries to «time» the market. Well, it is less a predicting the market movement, but much more a trading with clearly predefined rules and actions. Grid Trading bots can execute these predefined rules automatically, so you can put away your smartphone and move on to other things.

Cryptocurrencies and their blockchains are all based on algorithms: clear sequences of calculations, depending on user input. Unlike trading with shares, trading with cryptocurrencies was only possible digitally right from the start. Quite obviously, analog trading of the digital currency would be simply inconceivable. These circumstances imply that automated trading is also easier to implement, which is why trading bot providers popped up like mushrooms. This article takes a closer look at the Pionex arbitrage bot and shows step by step how you can use it yourself.