🪙 Case 2: User Has Only Base Currency (No Quote Currency)
Example: User Has Only XRP (No USDT)
⚡ Scenario: The user starts with XRP holdings only and no USDT. The bot trades within a defined price range, placing sell orders above the current price to take profits on rallies, then re-buying when price dips again.
📘 Overview
This case explains how the Grid Bot operates when a user holds base currency (XRP) at the start. The bot will place sell orders above the current price and buy orders below each filled sell, maintaining a balanced grid trading cycle.
⚙️ Initial Setup
Market Price
2.5 USDT/XRP
Grid Range
2.0 – 3.0 USDT
Total Grids
8
User Balance
XRP only (no USDT holdings)
🧩 Step 1 — Grid Allocation
The bot divides the 2.0 – 3.0 USDT range into 8 equal grid levels.
Since the user holds only XRP, the bot places sell orders above the current market price (2.5 USDT).
→ Active Grids: 4 sell orders between 2.5 and 3.0.
Each time a sell order fills, the bot will later buy back XRP 2% below the sell price.
If the market price drops immediately below 2.5:
No sell orders are filled.
The bot halts automatically once the price exits the lower limit (< 2.0).
Result: No profit, no loss.
✅ Status: Bot halts safely.
a. First Sell Fill
Suppose the price rises and the first sell order at 2.625 is executed:
Bot sells XRP for USDT.
Instantly places a Buy-Back Order at –2% below the sell price:
[ Buy-Back = 2.625 × 0.98 = 2.5725 ]
b. Market Retracement
If the market retraces to 2.5725:
Bot buys XRP back at a lower price.
Profit realized.
A new sell order is placed again at 2.625 to maintain the grid balance.
🌀 Cycle: Sell → Buy-Back → Re-Sell → Repeat.
As long as the price stays within the 2.0 – 3.0 range, the bot continuously:
Sells XRP when price moves up to a grid level.
Buys back at –2% below the sell price.
Reopens a sell order at the same level after buy-back.
Each grid runs independently with its own sell–buy-back logic.
If the market price rises above 3.0 USDT:
All sell orders are executed.
All XRP is converted to USDT.
The bot halts trading (range broken).
Result: Realized profit from completed grid cycles.
🚀 Outcome: Profit booked, bot paused.
If the price falls below 2.0 USDT:
Some or all buy-back orders may be triggered.
If price continues to drop:
The bot sells all remaining XRP at market to limit loss.
Books a realized loss.
Enters halt mode.
🚨 Outcome: Controlled exit, trading stops.
📊 Summary Table
Market drops immediately
Bot halts
No P / L
Market rallies then pulls back
Sells + Buy-backs
Realized profit
Market rises above 3.0
All sells filled
Realized profit
Market drops below 2.0
Safety sell triggered
Realized loss
🧮 Key Parameters Recap
Start Condition
XRP only (no USDT)
Grid Range
2.0 – 3.0 USDT
Current Price
2.5 USDT/XRP
Total Grids
8
Active Grids
4 (above market)
Buy-Back per Grid
–2 %
Safety Exit
Sell all if price < 2.0
Halt Conditions
Range broken (< 2.0 or > 3.0)
💡 Key Takeaways
The bot profits from price volatility, not long-term direction.
Each grid acts independently, executing its own sell and buy-back cycle.
When markets rally, the bot gradually converts XRP to USDT with profit.
Safety exit prevents excessive drawdown during sharp declines.
When the range is broken, the bot halts automatically for user protection.
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