What’s a grid sniper bot?
The grid sniper sets much wider upper and lower trading price limits to capture gains from extreme price fluctuations.
It trades infrequently, aiming to minimize trading fee costs while helping you capture the extreme ends of the market.
About this bot
A grid sniper bot extends the grid to cover extreme market prices, using historical volatility to set reasonable high and low points.
While it’s good for extreme trends, its wider range may lead to lower asset utilization, so it’s best paired with other grid strategies.
Imagine you’re Ken. Ken wanted to find a strategy to handle Bitcoin’s unpredictable price swings, so he set up a grid sniper bot.
On March 9, 2024, when BTC was 69,000 USDT, Ken activated the bot with 10,000 USDT in BTC/USDT. Instead of frequent trades, the grid sniper patiently waited for significant price changes.
By March 13, BTC had climbed to 73,000 USDT, triggering the bot to sell portions of Ken’s BTC for USDT, locking in profits at those high points.
Then, on March 16, when BTC dropped to 65,000 USDT, the bot automatically rebought BTC at a lower price, continuing the cycle of earning from the price differences.
After six months, on September 9, 2024, BTC dropped to 55,336 USDT.
While the market seemed grim for regular traders, Ken’s grid sniper had been quietly working through these fluctuations. His total assets had grown to 10,979 USDT, a profit of 9.79%. Had he held onto his BTC without using the bot, he would have seen a 19.8% loss.
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Bot setup
Zero profit sharing
Zero management fees