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Author Topic: Spot Grid - buying bags it sells moments later at the same price?  (Read 946 times)

Offline donut5

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Hello, first post here.

I have decided to revisit the Spotgrid strategy as I read it had been updated to no longer buy back it's bags instantly after selling them. (This was a deal breaker so I wasn't using it)

However it appears it's still not working well.
It keeps selling bags and then buying them back less than 2 minutes later at <0/1% difference than where it sold.
The market fees are set at 0.1% so the bot buying back 0.08% higher than when it sold within minutes makes no sense at all. It'd be better just holding that back and selling it higher.
Even if it bought back when price retrace 0.1% after selling - that'd still be bad as it's not >0.2%(the buy/sell market fees)

Is there a solution for this? Like a buy timeout, or NBA or something? idk.
Thanks,
« Last Edit: January 03, 2022, 06:12:30 PM by donut5 »

Offline Aitor

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Re: Spot Grid - buying bags it sells moments later at the same price?
« Reply #1 on: January 08, 2022, 06:32:30 AM »
This is how spot grid works. If it sells it sells with profit.

It's not buying the same thing at the same price, it's closing a cycle with profit, for example, selling 0.10 BTC with 2% profit, and then, at the same price, it buys 0.01 BTC and starts a new cycle.