thetradingparrot

Setup a grid bot like a pro! (Patreon)

Published:

2021-01-24 21:31:00

Edited:

2021-02-01 17:20:11

Imported:

2021-10

Content

Update 1: Apologies, I made a mistake on the grid bot video I published.

When you have two coins that are competitors (example: ADA and ETH), it is a good idea to have a grid profiting from the fluctuations for as long as they are still battling with each other.

But what is not a great idea is to trade them until one of them gets screwed. If that happened you will end up with huge bag of the looser coin.

As mentioned in the video, you should only grid trade pairs that you believe in the long term future of both tokens.

You can grid trade competitor coins but only while they are still competing. If there are signs one of them is going to get sacked, pull out from the grid asap.

Files

Grid bot tutorial - Grid bot top - Grid bot - Free crypto trading bot 2021 - 3commas

Grid bot tutorial - Grid bot top - Grid bot - Free crypto trading bot 2021 00:00 Welcome 00:32 What is the trading parrot 01:36 Learn everything about grid trading bots 02:00 Video chapter timestamps available in the description 02:25 The grid trading strategy 05:13 How to setup a grid bot 06:12 Best coins to grid trade 08:57 Research both tokens on any pair you want to grid trade 09:25 Case study: BTC 2017 ATH 10:33 Best case scenarios for grid trading 11:34 TP/SL or entry price triggers on grid bots 12:24 Narrow vs wide grid setups 13:15 Dense vs thin grid setups 14:12 Small risk grid setups 16:13 High risk - high reward grid setups 16:43 Grid as a tool to diversify your holdings 17:15 Grid bot P&L reports are 80% fake/wrong 20:13 Limitations of running grid bots on 3Commas 21:08 Closing down Become a patreon if you want to have access any of the top performing bots in the channel. (many are available for patreon members only) http://patreon.com/thetradingparrot 🙌 🤩💰💰💰 Make sure you join our Discord server. We have an awesome community around trading bots and stocks. Join us now! #gridbot #3commas #crypto #cryptocurrency #automated-trading #binance-bot #binance-trading-bot #thetradingparrot #grid-bot-top #grid-bot-best #tutorial Join the trading parrot community! • Discord 🥇 - https://discord.gg/4eWKhPEq7y • Patreon 🥇🥇 - https://www.patreon.com/thetradingparrot Social • Telegram 👻 - https://t.me/joinchat/AAAAAFHbucnLHswrDZrRQw • Twitter 🐦 - https://twitter.com/tradingparrot • Instagram 📸 - https://www.instagram.com/thetradingparrot/ • Facebook - https://www.facebook.com/groups/196414215514543 Discounts ☃️ • Join 3 Commas with 50% discount for a year and 3 days TRIAL - FREE!!! https://3commas.io/?c=TheTradingParrot • Get 10% discount on Binance - https://www.binance.com/en/register?ref=A1GVJ5FD • Get 5% discount on trading fees on FTX - https://ftx.com/#a=TheTradingParrot • Get up to $30 when you sign up for Trading View using this link: https://www.tradingview.com/gopro/?share_your_love=marianolatorre • Join 3 Commas with 50% discount for a year!!! - https://3commas.io/?c=TheTradingParrot • Do you want to get a free stock share worth up to ‎£⁠100? Create a Trading 212 Invest account using this link www.trading212.com/invite/Fz6cIdFb and we both get a free share! • Get a discount when you buy any Ledger device to store safely your crypto https://shop.ledger.com/pages/ledger-nano-x?r=da82872573eb I'm not a financial advisor and this video is not financial advice. This video is only for recreational purposes. Do not copy or follow my trading strategy without doing your OWN due diligence and consulting with your financial advisor. Trading stocks and with robots represents very high risk. 3commas dca bot bitcoin dca strategy grid bot 3commas 3commas bot setup btc eth