Payment. Grid trading built into the Binance exchange is free, but there are a lot of restrictions: for example, the number of bots is no more than 10, the choice of coins is very small, the number of orders is limited to only 45 on spot. Apitrade's grid bots are also completely free (thanks to the Binance brokerage program), but without the same restrictions as on Binance, and much more functionality and lower risks.
GRID bots: In Apitrade, improved compared to the grid bots built into the exchange, bots are called "Hurricane" and have many algorithms and ready-made strategies and dozens of unique features, more about which you can read here. In the built-in bots of Binance, it is necessary to select a range in advance (from which the price will inevitably go out) and it is impossible to change it in the bot. The Binance bot has a maximum of 45 spot orders or only 150 futures orders, which requires very large distances between orders and makes frequent trades impossible. In Apitrade, you do not need to select a trading range for the grid bot and the number of orders is not limited. The built-in grid bot from Binance is very limited in functionality: when the bot is launched, it automatically buys a large share of the maximum position regardless of the price (which is very risky, especially considering that the bot does not know how to choose the optimal entry point), while the Apitrade grid bot has flexible adjustment of the size of the first order and various algorithms for choosing the optimal entry point (see below). Also, grid bots from Binance have a big drawback: it is impossible to manually add or average a position, or reset some contracts to reduce risks - the bot will immediately turn off and it will be impossible to start it again. In Apitrade, the user can manually increase or decrease the position at any time.
Entry algorithms: Built-in grid bots from Binance cannot start under certain conditions and start trading immediately after the user launches or when the price specified by the user is reached. The ability to determine the best entry point is one of the most important options for successful trading, however, Binance believes that the user should do this on their own every time. For example, if the bot trades while pumping coins to long, then it will incur very large losses.
Apitrade can enter transactions: with squeezes; by indicators; with sharp pumps (in shorts); by levels (bottom / top of the weekly, daily, hourly and 5-minute price range); continuously; with an increase in trading volumes; with a sharp increase in volatility (the "Swing" algorithm) to launch high-frequency bots; when news about a coin appears (algorithm "News Impulse"); when the stop-market levels are broken by an order; next to large "walls" in the order book (Algorithm "Ricochet"); the "Stars" algorithm allows you to automatically enter the strongest (compared to BTC and ETH) coins at the moment.
Exit algorithms: Closing a position and stopping trading by the bot in time is no less important than opening it. Grid bots from Binance can only stop at a stop loss in the form of a certain price. Apitrade grid bots can close positions by a grid of limit take profit orders (when the position is completely closed), by a stop loss (both upper and lower), set at a certain price, or as a percentage of the average entry or opening price of a position, by stop loss next to extremums (maximum and minimum price for a certain period), by maximum profit or loss of a position. In addition, the Apitrade grid bot can automatically set stop loss to breakeven and stop loss to the liquidation price, as well as close a position during a pump, close a position partially using the "auto reset" function. Certain "Hurricane" algorithms are able to stop the bot under certain conditions, for example, the "Star" algorithm - when the coin loses strength compared to BTC and ETH and at the same time the current price is above the position opening price and PNL is positive.
Averaging Algorithms: Binance Spot Grid Bots do not provide additional averaging orders. Apitrade bots (both DCA and grid bots) are able to average with squeezes, according to indicators (when the price of the coin resumes growth).
Futures liquidation protection: Binance's built-in bots do not have any futures deposit liquidation protection. Each Apitrade bot has an anti-liquidation system, which, as the position increases and the risk of liquidation, gradually reduces the size of orders, increases the distance between them so that the position is gained more slowly, and the last stage of anti-liquidation completely removes opening orders. In addition to a separate anti-liquidation, there is a single anti-liquidation that monitors the total amount of long or short positions in the user's account and automatically removes open orders from all bots when it becomes too dangerous.
Anti-liquidation is not the only liquidation protection available in Apitrade. The auto-dump system can gradually dump a portion of the position across the market under certain conditions, such as too large a position and a negative PNL position, thus pushing back the liquidation price.
The "long equals short" algorithm, which we have been working on for a long time, constantly monitors the total amount of long and short positions in the account and can, at the request of the user, increase, for example, a short position in the market with a sharp increase in long positions (which happens with a sharp strait when the risk of liquidation is especially high) so that the total amount of long and short positions is approximately the same and to minimize the risks of liquidation in case of a sharp strait.
Speed of work. Grid bots from Binance do not work according to the API, but are built into the exchange, so there can be no problems with the speed of their work. All Apitrade grid bots are also designed for high-frequency trading, they can make several dozen transactions per minute with high volatility.
Results: Apitrade grid bots are much more functional than the built-in bots from Binance, they have many algorithms for entering, exiting and averaging, they have several ways to protect against the liquidation of a futures position, they are designed, among other things, for high-frequency and highly profitable trading.
Grid trading on Binance is suitable for beginners to understand the mechanism of the grid bot, but any more or less advanced user will understand that he is extremely lacking in the functionality and capabilities in the built-in grid bot and, having tried the most functional grid bots on the market from Apitrade , is unlikely to want to use any other bots.