My experience with feeless grid bots

TLDR: grid bots rule the crab.

Ever since Binance introduced feeless trading on a whole bunch of BTC/stable pairs, i've been experimenting with ways to take advantage of this.

I have always been a DCA-and-HODL kinda person. I have a fairly low crisk tolerance (for a person into crypto anyway) and because everything is getting more and more expensive rapidly, money for investing has been minimal.

Enter feeless trading. Having no fees on trading, means you can make micro-trades and still be in profit. How do we best take advantage of this, in this current bear/crab?

At first i tried scalping. I would watch the 1, 3 and 5 minute charts. Wait until all 3 were below the bottom bollinger band, buy in and then immediately set a limit order for a 0.1 - 0.2% higher sell. This was fun to do, but extremely timeconsuming, as i'd have to watch the charts all day and react very quickly. The system worked 95% of the time, and my bag increase slightly, but after a few days of intensive chart-peering, i had increased my bag by only 1.5%. On the small scale i was comfortable trading with, this wasn't worth it.

That's when i remembered grid bots. A way to set and forget, while the crab and bear fight eachother over who can screw over the average investor the most. Grid bots, in essence, are very simple. You pick an area where you think the price is going to bounce between for a while, set the amount of grids, and go!

Normally, you'd want to find a way to balance out the size of the individual grids, against the grid as a whole, because then smallee the gridsize, the more times you pay fees. But since we're trading feeless, you can simply set the gridsize to its smallest size, so the individual grids are hit as often as possible.

I set my grid up, and over the last crab-week, i made a good 2% while btc bounced between 19100 and 19700. When i noticed the pump out of my grid, bought my btc back and i'm now sitting on a total of 10% profit. A large part of this is obviously the swing of the last 2 days. But i bought in at 19600 for the grid, and still made 2% profit while its price crabbed.

So when is a gridbot not good? - If you live in a country that has you report every transaction. My last gridbot had roughly 90 transactions in about 10 hours (due to heavy volatility just below 21k). Running this for weeks would make a tax nightmare. - During a heavy bull run. During a crab, this is king. You simply make use of the minor volatility within a certain crab-range. During a bearish period, you can use it to increase your bags. But during a bullish period, you're going to lose out on a lot of profit. You'll end up with 0.5% instead of 8%.

All in all, i'm glad i added grid bots to my trading toolbox. There's much more to it, including stop-losses, trigger price, determining the grid's boundaries, etc. If this post gets some interest, i'll do a full write-up (with pictures ????).

In the mean-time, i'd love to hear your thoughts, experiences and critisism on grid bots!