Beginner’s Guide to Crypto Trading Bots — Part 7— The Moon Bot

When Moon? When Lambo?

C.W.Morton

Apr 08, 2024

When Moon? When Lambo?

Moon Bot

Profile
Best for : Bear Market
Profit Expectation : High, Long Term
Risk : Low (dependent on the chosen crypto itself, and time of bot creation relative to market conditions, best to start when the market is low)

What is a Moonbot?

A Moonbot is a term for a grid bot with a very wide spread designed to buy low and sell at a much higher percentage than a typical grid bot.

Pionex refers to this bot as “The Best Crypto Strategy for Beginners”.

Instead of daily swing trading on smaller market movements, this bot is configured to capture wider movements over a longer period of time.

This means the Moon Bot will be less profitable short term, and more profitable long term.

BTC Moon / ETH Moon

There are two types of Moon Bot presets on the Pionex exchange, BTC and ETH.

Configuration

The BTC/ETH Moon settings are configured according to the current currency’s recent movement.

You do not get a lot of options here.

Enter the amount of USD or USDT that you wish to invest, then select the Create button.

The settings will be 10,000–100,000, 1000 grids.

Source : Pionex Mobile App / Moon Bot Set Up.

That means this bot will not create just one moon, but…. “many smaller moons”.

You can technically apply this strategy with any coin, and create your own Moon Bot using a standard Grid Bot.

It’s as simple as widening your Lower Limit and Upper Limit spread quite a bit, and if you prefer, lowering the total amount of grids to executed.

Source : Pionex Mobile App, Grid Bot Configuration

Note : it best to only use this strategy on coins you are fairly certain have a long life span and which based on their history, should continue to increase.

For this reason, Pionex only offers this bot as a preset for BTC and ETH.

You can set up a wide spread grid on any coin with almost any exchange that offers bots, but it is probably not smart to do unless you know what you are doing with that coin.

Takeaway : A Moonbot will be pointless on a coin that never moons!

Can the Moon Bot be used to capture an intentional pump and dump?

Yes and No. It might be more profitable to set limit orders on higher balances, if you have specific knowledge of a price movement before that movement occurs.

Keep in mind that Moon Bots are just grid bots — and they do not invest your entire balance in one trade, so it requires “many smaller moons” to profit with a grid bot that executes more than just a handful of grids.

More grids = less of your balance is invested into each grid.

This is why you might attempt to create your own moon bot using a Customized Grid Bot, manually configured with a lot fewer grids.