Spot-Futures Arbitrage Bot | 15~50% APR . The Top 6 Best Practices for Grid Trading Bot . Some traders have APRs of over 3,000% according to the leaderboard, and to copy them we simply need to click on their profiles, examine their parameters, and click to automatically copy the strategy. Above or below this range, the bot will stop trading. Most bots running for a couple of days will result in a nice grid profit. But, how useful will it be for an average trader? They have the Classic Grid, Futures Grid and DCA. It's a do kwon creation though so it could all disappear. So it doesn't do any technical analysis. Keep on reading if you want to know more about this amazing tool to simplify your trading process. Press question mark to learn the rest of the keyboard shortcuts. In addition, a new trading bot, Bitsgap Futures, was recently released on the site, and it offers a safer way to earn from the futures market by generating little gains. Create an account to follow your favorite communities and start taking part in conversations. Full disclosure: I've had a few bots but am by no means an expert. The number of orders to be placed determines the price ranges the bot will operate on. CopyRight 2017 - 2023 KuCoin.com. As long as you are familiar with this bot, you can also customize the parameters to try your preferred settings. This post doesn't have any thought behind it. Setting and market changes are the only variables that may affect a bot's trading outcome. Your are running bots per account. Yes, the Kucoin trading bots work in that they execute trades 24/7 based on defined parameters. DCA stands for dollar-cost averaging and simply sees the bot help you dollar-cost average your investments into a specific cryptocurrency. In this blog post, we will walk you through the four amazing bots and help you find the ones that suit you most. Britcoin: a Booster for the UKs Economy? If you shut the bot down to compound the money and restart the bot you shouldn't lose anything beyond the fee that is accessed when you shut down a bot. What are the advantages of KuCoin Trading Bots? Other bot providers, for example, charge a monthly fee for their services. There are certain terms that you need to know here in order to provide parameters that the robot will use as a guideline for its activities, such as the Min. The volatility is clutch for the bots to shine truly. For more info about Futures Grid operation content, check tutorials for Futures Grid 1, (Smart Rebalance running page provided by KuCoin user). , in order to help investors earn profits in yet another popular way. Ive run a $5000 trading bot for a week and was negative in profit from all the fees, setting limit orders myself was a better choice. The bot will soon have new features, including Margin Grid, Extreme-Volatility Killer, and Dynamic Position Sizing. In addition, there are no API keys required since the bot runs on KuCoin. DCA is a quite mature strategy in the finance world, and it works best in the initial stage of a bull market. According to the latest assessments, there are more than 800 coins available on the crypto exchange. With DCA Bot, its easy for you to DCA in Bitcoin for $1 every 10 minutes. I just let mine go with $1500 for fun, just using the standard classic grid settings. Spot grid is the most efficient and least risky, especially if you choose a good trading pair. If thats what in your mind for using the KuCoin trading bot, you better stop using it, or you might be disappointed with the results. KuCoin's trading bot is ideally used on volatile trading pairs, in which the cryptoasset users pick is preferably moving up. This item has acquired significant consideration and premium concerning whether in a bullish, negative, or violent market, it can offer a similar comfort, efficient, speed, and knowledge that make it stand apart from the horde of existing exchanging bots. Just like any other trading bot, it does what its told. You want to apply leverages in your trade. to download the latest version of the KuCoin App and hope you can enjoy the trading experience with KuCoin Trading Bot. The bot can, as such, be used to not only earn passive income if you find the right strategy, but also to complement your own trading efforts or cryptocurrency investments. The KuCoin trading bot is presented on the Cryptorobotics trading platform. CaptainAltcoin.com 2022 - All Rights Reserved Price, Max. For instance, in the extreme unilaterally rising market, the trading bots will not miss profit; in the unilaterally falling market, they can help reduce user losses and further reduce investment risks. A crypto trading bot is not a get-rich-quick solution. They are as follows: When it comes to crypto assets, the bot supports pretty much all the coins that the platform itself supports. However, this problem has been solved with the development of crypto trading bots. For more info about Classic Grid, check the tutorials for, b. DCA (Dollar-Cost Averaging): Lower Your Average Entry Price Via Continuous Investment, DCA is a quite mature strategy in the finance world, and it works best in the initial stage of a bull market. Classic Grid: Make Passive Income By Buying Low & Selling High. Now the investors need to put some commands on the bot and sit back to relax. As one of the most classic and popular trading strategies, Classic Grid works by selling high and buying low to gain profits in a specific price interval. Unlike other bot mobile apps, it has elements like an interactive UI or a floating window, which help it stand out from the others. You still need to be involved and put in the time, effort, and knowledge necessary to make a great success in your trades. Press J to jump to the feed. You should, however, keep in mind that the bot is available only on Kucoins platform, and you wont be able to use it on other exchanges. So what actually happens in rebalance? By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. This Kucoin trading bot review will take a closer look at the minimum investment required, the potential profitability, and the results that users can expect when using this service. The fact that it is only several months old, however, means that changes and updates are very likely in the next few months. We make daily profit through great trading ideas and analysis. The latest strategy introduced on KuCoin Trading Bot is Smart Rebalance, a strategy that is favored by crypto holders. In most cases, Classic Grid Bot can fulfil your needs, while Futures Grid bot is preferred if: a. We may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners. If the price of a cryptoasset is surging or plunging, it may be more profitable to just hold a long or short position. For the most up-to-current information, join the trading bot community on Telegram and stay up to date. NFT 101: How Will NFTs Promote the Overall Growth of the Metaverse? Step 1: Download the KuCoin app here. I've been trying a 50/50 rebalance bot with paxg and btc for a while. What Is KuCoin Trading Bot? Quite a significant number of users engage in trading without previously learning all the basic rules and concepts. No matter how good the bot is, it will eventually increase the overall traffic on the platform. Classic Grid is a relatively low-risk strategy but it still needs time to reveal its power. Once you find it, you can increase the amount being invested if you are comfortable with the trading bots performance. I just realized the best strategy that works for me is the Futures Grid Trading Bot. All Rights Reserved. So all you have to do is to download it, run it, and your investing adventure may begin. The Kucoin bot first saw the light of day in early 2021, and at the time, it had only three basic features. Create Bots in mid 2021, KuCoin Trading Bot has been going for quite a while. So read on! The other way is to copy others settings. Kucoin Trading Bot Best Settings The founders were already in the finance field and had previously run iBox PAY and Ant Financial for a few years. In most cases, the market is fluctuating. As a result of the leverage involved in futures trading, there are risks connected with using this bot under volatile market conditions. The bot's design is straightforward and intuitive. A better solution still exists for skilled traders and those who wish to maximize their bots. Recently, KuCoin releases their homemade trading bot, which frees you from the API keys. A proof-of-concept thing for me.. Before investing real money in the market, you may try out the bots in the Bitsgap trial trading mode. Telegram users may now utilize the CryptoHopper signaling bot provided by the program. Perhaps only one of the mentioned strategies will work with you, and perhaps none will. The Explorer plan also offers a free trial period, which you may take advantage of. KuCoin Trading Bot | Made 41% Profit with Crypto Bot A trading bot is an automated algorithm that executes the strategies for you. But, this repetitiveness is exactly what makes it perfect for a DCA Bot. Because of competitive fees and other unique features, KuCoin has 10 million users and works in 200 countries. The trading bot for KuCoin follows the settings that you set. Kucoin is a popular cryptocurrency exchange that offers a trading bot service to its users. It's tough to sit in front of a computer screen and digcrypto chartsall the time to make a profitable trade. Joint AMA of Johnny Lyu & Tokoin Full Transcript. Your personal information will be kept confidential. All Rights Reserved. . Whats the difference between KuCoin Trading Bot and other Bots. Sign up with KuCoin, and start trading today! I've tried a few other currencies and lost. As mentioned, KuCoins trading bot currently supports two settings. You can see you account from either a mobile app or a browser. Let's say that is has been 5 days and it's earning less than 10%, but is profitable. So it is a good strategy in a volatile market, and higher volatility may bring higher returns. In most cases, the market is fluctuating. Kucoin is a popular cryptocurrency exchange that offers a trading bot service to its users. The robot is really suitable for people who wish to trade in the Futures market but lack the experience!! with the flow of the market. This robot can help them, as it does most things automatically, and so the user doesnt have to do almost anything apart from providing the initial investment and a few parameters that would provide the robot with a base idea of what is expected of it. The basic bot costs $29 per month, while the advanced bot costs &99 per month and has several other features. More than that, Mudrex is compatible with the most significant exchanges, including Binance and Coinbase Pro. With the futures market offering great possibilities even when the prices are dropping, futures trading is very popular during bearish periods. KuCoin warns traders that different investment times could mean the performance of the bots will be different. KuCoin Trading Bot is a free trading tool that can help users save time and energy while improving their profit. KuCoin Trading Bot is a free trading tool that can help users save time and energy while improving their profit. With the KuCoin Trading Bot, you do not lose sleep monitoring the market every time, all you need to do is set your trading strategies and the bot sells at your ideal . Yes, Kucoin has its own trading bots that are FREE to use. Paper trade it for a while and see how you go. I've got three bots running now and they're all in profit at the moment. So far, there are three main strategies that users can utilize in order to make a profit, namely: Classic Grid trading, or spot trading, is a well-known and very simple trading strategy that seeks to make a profit from market fluctuations by positioning buy and sell orders. Unlike other platforms, it has the most advanced GRID Bot features including stop-loss, take profit, and trigger price. Smart Rebalance can assist holders to further increase their returns. How much can you really make.? At the point when I began utilizing the trading bot I too lost cash it purchases orders above the current price to make sure it can sell it at that price . In the KuCoin Trading Bot, you can set an investment target, say 10% gain, before starting the bot. Also, if the price goes underneath the price range you set the bot to purchase and sell it will no longer function until it reaches the range you set it as.. i encouraged to go underneath the average price range of the coin just in case shit hits the fan so that the bot can at least keep trading and making you profit even when the market is low, when the market is low. How can I maximize my profit with the trading bot? After the creation of the Classic Grid Trading bot, KuCoin decided to also add support for Futures Grid, in order to help investors earn profits in yet another popular way. Everything You Need to Know about Bitcoin Halving. Launched in early 2021, KuCoin Trading Bot has been up and running for some time. Its performance, therefore, depends primarily on the settings you choose and on the movements of the market during the chosen period.As we already mentioned, the bot is made for traders who dont have much experience, and it doesnt support certain complex settings common for more sophisticated bots. It means that if you think Bitcoin price will go down, you can also implement grid trading via Futures Grid on KuCoin Trading Bot. I was a beginner in crypto when I found KuCoin. It is easy to start but it can be a bit hard to decide when to stop profit. On average 1$ today is worth less than 1$ next month and 1 BTC today is worth more than 1 BTC next month. Can I make profits with the KuCoin Trading Bot? Since its start, more than 2.5 million bots have been produced and deployed by traders worldwide. Since the bot is meant for novice traders, it does not have the ability to handle some of the more complex parameters that are common in more sophisticated bots. According to KuCoin, it is a combination of Futures and Grid trading, which can bring grid profits for users when going long or short. Grid trading is the basic type of trading, and so it is something that can easily be handled by KuCoins trading bot. Heres the must-read before using the trading bot. Click "Create" to start a grid trading bot. From there on, it all depends on the behavior of the crypto markets. Additionally, KuCoin trading bot provides free trading strategies which let you take returns without monitoring the market. BingX Review Is BingX.com Copy Trading Any Good? Essentially, all that the user needs to do is deliver the funding to the robot, and then instruct it to purchase a certain amount of their chosen cryptocurrency in a specific time interval. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. In the end, every investor has their own style and preference with trading, and if you dont, that only means that you didnt spend enough of your time doing research. The way a Futures Grid Bot works is similar to a Classic Grid Bot, both of them can make passive income by buying low and selling high. What are you thinking you will lose by stopping the bot to compound your money. Just to open a discussion. Popular crypto exchange KuCoin has made it easier for those who want to get into trading to earn passive income through their new trading bot. has been up and running for some time. Being one of the finest the KuCoin trading platform paid attention to this feature and introduced its trading bot at the start of 2021. I initially transferred 300 just to test the waters and Im up 10% already, so it makes me wonder if Im able to add more funds to a bot that is already running, or would I need to stop the bot and create a new one with the additional funds, but at a higher entry point now????? So you have tried it already too? Trading Bots can "assemble and copy" repetitive tasks to help you easily execute trades. 2. In a sense, grid trading is to buy low and sell high between two tokens, while Smart Rebalance is to do so among all the tokens in your portfolio. The exchange has great liquidity and order execution is impeccable. However, a user must still give some input into what they believe the market direction will be (up, down, sideways) in order for the bot to execute a profitable strategy. Rewards will be provided to users who inform us of the above. Here are my results on the KuCoin Trading Bot. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. Like you can have the bot to make a rebalance every 12 hours, or once the percentage deviation is over say 2%. Is it better or worse than most of its competition? It is a repetitive strategy that is not that interesting or exciting, although it can secure quite decent returns over time. This product has gained considerable attention and interest as to whether in a bullish, bearish, or turbulent market, it can offer the same convenience, time-saving, speed, and intelligence that make it stand out from the crowd of existing trading bots. Instead then relying on KuCoin's native grid bots, consider utilizing one of the alternatives listed below. Portfolio rebalancinghas been a tried-and-true method of investing for many years. In other words, you can deposit a few thousand dollars and then instruct the robot to buy $50 worth of BTC every day, or every other day, and slowly build up your position. KuCoin has a good reputation in the industry at this time. The outcome of every bots trade depends solely on the settings you choose and on the movements of the market. You are limited to one Kucoin bot application per device. How to set Auto parameters? We only charge transaction fees per trade, just like any other form of trading on other markets. As long as your within the upper and lower ranges with small enough grids to capture the ups and down you make money. Then the bot will arbitrage for you within the interval. VICTORIA, Seychelles, Jan. 19, 2021 /PRNewswire/ -- On January 19, 2021, KuCoin, an IDG backed crypto exchange, announced that it officially launched the Trading Bot Feature. Rn we are in a bullish market which means BTC is overall bullish. The main premise of the bot is to buy low and sell high in order to make profit in a highly volatile market. What the bot does is help you execute your strategy even when youre sleeping. KuCoin charges rock-bottom fees and supports trading in a huge range of cryptocurrencies. 278% (2 days GRT), 635% (28 days API3), and 125% (37 days CAKE) net APRs. On the off chance that you feel like your total profit is great and the market might plummet. The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. However, this strategy can be quite a hassle if users need to purchase cryptocurrencies on a daily basis. If you make too many incorrect login attempts, Bitsgap recommends that you utilize two-factor authentication (2FA), and your account will be suspended. Press question mark to learn the rest of the keyboard shortcuts. Bitsgapis a well-known trading bot that can be downloaded for free. 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