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Reverse grid bot
A Reverse grid is a grid that starts short.
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It sells at each line above the price and buys back one line lower, so every swing down and back up inside the range closes a small profit.
When to use it
When you expect the price to drift down or move sideways inside a range, and you would rather hold a short than a long.
Settings
Every bot trades in your own Hyperliquid account. In the setup you pick the market, the amount and the leverage; Safe, Balanced and Aggressive fill in the rest from the coin's own volatility, and Customize settings opens every setting below. Rivemont's fee is from 0.1% per fill, lower with your 30-day volume, plus Hyperliquid's own trading fee.
- Low and High
- The range. Lines are spread evenly between them. A wider range keeps the bot working through larger moves but makes each line's profit smaller for the same number of lines.
- Grids
- How many lines (2 to 200). More lines: more, smaller trades and more fees; fewer lines: fewer, larger trades. Each gap should cover the fees on both fills several times over.
- Amount
- The money the grid uses, split across the lines. Each order must stay above Hyperliquid's $10 minimum at the lowest price.
- Leverage
- Multiplies the position for the same margin, and brings the liquidation price closer.
- Start at a price
- Optional: no order is placed until the price reaches it.
- Take-profit price / Stop-loss price
- Optional. For a short grid the take-profit price sits below the range and the stop-loss price above it; either one stops the grid.
- Take profit / Stop loss on the investment
- Optional: stops once the grid has made, or lost, this share of its amount.
- Stop when the price leaves the range
- On (the default): it closes everything and stops when the price leaves the range. Off: it waits for the price to come back.
- At a stop
- Close position (cancel the orders and close at market) or Keep position (cancel the orders and leave what it holds to you).
- Limit orders on the exchange
- Optional: only the lines nearest the price rest on the exchange at once; the others wait their turn.
Example
BTC at $100,000, range $95,000 to $105,000, 10 grids, $1,000 at 1x. The lines are $1,000 apart and each order is about $100. Each time the price rises to a line it sells about $100 of BTC, and when it falls back one line it buys it back: about $1 per round trip (1% of $100) before fees. If BTC runs to $106,000 the grid closes its short at a loss and stops.
What can go wrong
A strong rise hurts.
The grid ends up shortest at the top of the range; past it, the stop closes the short at a loss.Fees can eat the gaps.
Lines too close together earn less than the fees on both fills.Funding is paid or received
on the short while it is open.