User A invested $1000 in BTC/USDT trading pair using Grid bot on XREX. They set their upper and lower price range and selected the number of grids they wanted to use. They also set a stop loss and take profit to manage their risk. The bot monitored the market and automatically placed buy and sell orders according to the set levels. After a week, the price of BTC/USDT fluctuated, and the bot executed multiple trades, resulting in a profit of 5%. User A was satisfied with the result and decided to terminate the bot and claim their profits.

User B also invested $1000 in BTC/USDT trading pair using Grid bot on XREX. They set their upper and lower price range and selected the number of grids they wanted to use. However, they did not set a stop loss or take profit, as they were confident in the market. Unfortunately, after a few days, the price of BTC/USDT dropped significantly, triggering a sell order at a loss. The bot continued to execute trades, but the losses kept accumulating. User B became worried and decided to manually terminate the bot, resulting in a total loss of 10%.

These examples highlight the importance of setting stop loss and take profit while using Grid bot to manage risks and maximize profits. It also shows the potential risks of trading in the volatile cryptocurrency market.

The Smart bot uses backtesting to evaluate the performance of a trading strategy using historical market data. By analyzing historical price data for a specific trading pair over a set period of time (in this case, 21 days), the bot can recommend parameters for live trading. This approach helps to maximize profits and reduce risk, providing users with greater confidence in their trading strategy. Follow our step-by-step guide to see how to create a smart bot on XREX crypto-fiat exchange here.

When you're setting up a Grid bot on XREX, you have the option to manually enter the trading details to adjust your personal strategy. With manual settings, you are required to select a grid strategy (short or long), set your desired lower and upper price range, and enter the number of grids you want to use. Optionally, you can choose to configure more with the advance settings.

For those with more expertise, you can use advanced settings to further configure your position. The advanced settings include selecting your grid mode arithmetic or geometric, and start bot or terminate optional prices.

Stop loss and take profit are important options to consider when using advance setting for the Grid bot. Stop loss allows you to set a threshold at which your bot will automatically sell your assets if the price drops below a certain level, helping you to minimize your losses. On the other hand, take profit allows you to set a threshold at which your bot will automatically sell your assets if the price reaches a certain level, helping you to lock in profits. These features can be used in combination with the grid trading strategy to help you maximize your returns while minimizing risks.

When you locate the specific Grid bot for which you want to check and click on the "View Details", you'll then see three tabs titled: Transaction, Working, and Grid Details.

By reviewing each of these tabs, you can gain insight into your current positions and make informed decisions about your trading strategy. It is recommended to check your positions regularly.

Matched profits refer to profits that are generated when the bot executes a trade and the price moves in the direction that was expected. Unmatched profits refer to profits that are generated when the bot executes a trade and the price moves in an unexpected direction. For example, if the bot buys a cryptocurrency at a low price and sells it at a higher price, the profit would be considered matched. If the bot buys a cryptocurrency at a low price and the price decreases, the profit would be considered unmatched.

The options for terminating a Grid bot on XREX crypto-fiat exchange give you greater control over investments and allow strategies to be adjusted based on market conditions. This flexibility and control offers a convenient and effective solution to optimize crypto trading while minimizing time commitment. You can opt to manually terminate the bot at any time by using measures such as "Sell all at market price." You can also predetermine when to terminate upon creating the Grid bot by setting a "Take profit or stop loss price." By making use of these different termination options, you can optimize your trading strategy to achieve your desired profit targets while minimizing risk exposure.

Manually terminate a bot with the following measures:

Predetermine when to terminate a Grid bot with advance settings:

It's important to have a long-term investment mindset when using the Grid bot. The bot operates based on a strategy that aims to capture small, consistent profits over time, rather than attempting to make large, quick gains. It's also important to have a well-diversified portfolio and not to invest more than you can afford to lose.

The Grid bot is suitable for a wide range of traders, including both experienced and novice traders. It is particularly useful for traders who are looking for a hands-off approach to trading, as the bot will automatically execute trades based on the parameters you set.

A smart bot recommends parameters based on a 21-day backtest, while a manual bot requires the user to decide on a trading strategy (long vs. short), price range, number of grids, and how much they would like to invest. The manual bot also offers advanced settings for further configuration of the position.

If the Grid bot is under loss, it's important to assess the reason. If the loss was due to market conditions, it's important to remember that this is a normal part of trading and to stay patient. If the loss was due to an issue with the bot's parameters, you may need to adjust them to ensure that the bot is executing trades in line with your desired strategy.

Explanation of different options to terminate Grid bot

Grid mode refers to the way in which intervals between buy and sell orders are calculated in the Grid trading strategy. Arithmetic mode uses fixed intervals, while geometric mode uses variable intervals that change based on market volatility. Arithmetic mode is best suited for stable market conditions, while geometric mode is better for volatile market conditions.