Profitable bots are designed with the most effective strategies and rules that help best predict crypto price movements. Over the first half of 2021, the exchange constantly kept working on the robot in order to boost its functionalities and features and make it useful to as many users as possible, regardless of which asset they wanted to trade on the platform. You'll have plenty of space to experiment and experiment freely with the free plan. , Classic Grid works by selling high and buying low to gain profits in a specific price interval. As a result, customers get access to Bitsgap's bitcoin trading signals as well. So if you are using a Coin/BTC bot you are gaining profit from the bot but also from BTC going up (compared to a Coin/USDT bot in which you are only getting profit from the bot). Reward amounts will be determined based on the type and relevance of the information provided. Plus, I recommend it for those users who dont want to be exposed to high risks. The bot automatically sets a number of buy and sell orders and as the price fluctuates the order will get executed resulting in a profit. The trading bot has its own help center inside KuCoin. KuCoin Trading Bot is a free trading tool that can help users save time and energy while improving their profit. It buys at a low price and sells at a high price within a set price range. As mentioned, KuCoins trading bot currently supports two settings. At the time of launch, it didn't offer all the trading bot features but continuously evolved with time. Here are my results on the KuCoin Trading Bot. When it comes to the risk/reward strategy, the greater the Performance score (which Mudrex employs), the better it is. It is equivalent to configuring a 24/7, all-around bot butler for your trading strategy. They have the Classic Grid, Futures Grid and DCA. Launched in early 2021, KuCoin Trading Bot has been up and running for some time. So, if you are a seasoned bot trader, you should give 3Commas a shot. This is the situation for now. Keep on reading if you want to know more about this amazing tool to simplify your trading process. While using a trading bot can monitor market holdings on your behalf and execute trades 24 hours non-stop. KuCoin warns traders that different investment times could mean the performance of the bots will be different. In addition, there are no API keys required since the bot runs on KuCoin. Start trading on KuCoin with automated trading bots from Bitsgap to start making profits today and finally funding your retirement! This is not exactly a new strategy in the world of investments, and a lot of people are quite familiar with it. The strategy you choose to adopt will influence whether you make a profit or a loss. Classic Grid is more complex, and essentially taken advantage of the volatility in crypto markets. Also having several orders will give you a very small return per sell. Once you've determined how much you'd want to earn, click "Confirm" to get started. Moreover, it has 500+ cryptocurrencies listed on the platform to provide an array of options for investors. As a result of the leverage involved in futures trading, there are risks connected with using this bot under volatile market conditions. In most cases, Classic Grid Bot can fulfil your needs, while Futures Grid bot is preferred if: a. If you regularly check the news on Kucoins website, you might come across some rather lucrative offers. If you fall out of the grid then your not making money so it could be a long term hold or build in a stop loss. Timing is important when it comes to trading, and each of your trades will have a huge impact on the potential profit. Price, No. For more info about Classic Grid, check the tutorials for Classic Grid 1 and Classic Grid 2 . There are, however, some who stand out. In fact, many have been doing it manually for a long time. Let's take a closer look at each of the fivetrading techniquesoffered by the KuCoin bot. Unlike the normal crypto trading bot provider, such as 3Commas or Cryptohopper, its free for users to use KuCoin Trading Bot, just like how Pionex offers 12 free cyprot bot for their users. Kucoin is an exchange; therefore, these bots will be able to execute trades much . The only trading fee you will have to pay are the ones that are already charged by the Kucion crypto exchange. The fact that it is only several months old, however, means that changes and updates are very likely in the next few months. 2. 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. There is no exaggeration in saying that crypto trading is one of the best investment domains in today's date. As a result of developing the future grid, the original grid bot has been given a contemporary makeover. Kucoin is a popular cryptocurrency exchange that offers a trading bot service to its users. I want to see other peoples experience about it as well. Assuming that you want to allocate 40% of your fund to BTC, 30% to ETH and 30% to, For more info about Smart Rebalance, check the tutorials for. If you choose the infinite grid, the price will never go above or below the limitations that you specify for it. There is also a third-party Marketplace for CryptoHopper services, such as trading tactics and templates, as well as other third-party services like CryptoHopper signals and apps. However, this problem has been solved with the development of crypto trading bots. You still need to be involved and put in the time, effort, and knowledge necessary to make a great success in your trades. 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. Before relying on the bot and risking your investment, it's essential to have a look at the qualities of that specific bot. The KuCoin crypto exchange market already charges fees, thus no more costs, and it isn't unusual since the company gets a cut of the profits. Spot Grid: CSIX/USDT, CSIX/ETH Martingale: CSIX/USDT, CSIX/ETH Infinity Grid: Now the investors need to put some commands on the bot and sit back to relax. Depositing the cryptocurrency you want to use to trade will be necessary once you have examined the numerous returns linked with a trading pair and the approach you choose to use. Using the trading bot right on the exchange, you wont need to connect the API keys, ensuring a more stable and sustainable environment to execute your trading strategies. Trading Bots are great for tracking and making the most out of market fluctuations, as they will continue to carry out. The whole point is get tons of hits that eventually add up. We ssuggest similar type of bots to experienced traders. Hi, i am a kucoin user, i was always curious about trading bot, but i never tried as i only invested and traded in little amount, i wanted to try once, but i wanted to know is it really worth trading using a bot. Click "Create" to start a grid trading bot. Let's say that the bot makes 10 usd in profit on a trade, cand i take that profit without stopping the whole bot? Spot grid is the most efficient and least risky, especially if you choose a good trading pair. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. The bot waits for these price points to be reached, so it can either buy the cryptoasset low, or sell it high. It's tough to sit in front of a computer screen and dig crypto charts all the time to make a profitable trade. Lets say your portfolio percentage has changed from 40% - 30% - 30% to 45% - 30% - 25%, the bot will then sell some Bitcoin to reduce its percentage from 45% to 40%, meanwhile buy some KCS to make it back to 30%. It is another useful tool after Classic Grid, DCA, and Futures Grid to help users gain profits during market volatility. If you are new to Classic Grid, it has two features to help you get started easily. If you don't earn any money from the bot, Mudrex Protect will reimburse your membership payments. Attach relevant screenshots or documents to this ticket and fully describe what's going on. Because of competitive fees and other unique features, KuCoin has 10 million users and works in 200 countries. Compatible with BTC, ETH, Litecoin, XRP, and many other coins. Grid profits represent the profits the bots have made in arbitrage trades since the time you started the bot upon entering the market. The trading bot plays no magic here. I've tried a few other currencies and lost. It is a repetitive strategy that is not that interesting or exciting, although it can secure quite decent returns over time. One is called AI parameters, which will suggest the bot settings based on the historical data of the coin. 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. How much can you really make.? The other way is to copy others settings. After the creation of the Classic Grid Trading bot, KuCoin decided to also add support for. Using a total of ten bots at the same time helps you to diversify your earnings. As long as you pay the monthly costs, the platform is entirely risk-free. All things considered, the great majority of negative experiences are caused primarily by a lack of knowledge about crypto trading. Like other trading bots, KuCoin's trading bot is entirely safe and secure to use in a production environment. However, always remember that higher returns imply higher risks. CryptoHopper, a one-stop-shop platform, offers a variety of services, including trading bots, exchange arbitrage, copy trading, backtesting, strategy design, and more. Dollar-cost averaging is not a new strategy when it comes to investing. Click Here to download the latest version of the KuCoin App and hope you can enjoy the trading experience with KuCoin Trading Bot. Yes, the Kucoin trading bots work in that they execute trades 24/7 based on defined parameters. And you can really make good profit! The exchange has great liquidity and order execution is impeccable. Its one of the most complicated parts and always having trouble when the traffic is high. Furthermore, you can easily drag and drop your trading technique rather than having to write it. In addition, the paper trading mode provided by CryptoHopper enables you to test your trading strategies and bots without risking your real money. As we can see on crypto trading leaderboards, some traders manage to have returns above 100% per year or more, all while trading in a market as volatile as this one. I have 3+ years of experience in trading bots, especially the grid trading bot. 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 founders were already in the finance field and had previously run iBox PAY and Ant Financial for a few years. The platform's essential features include the demo mode, a trading terminal, and a Grid trading bot. Being a successful trader isnt easy, especially in the cryptocurrency space. 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. However, with the number of new traders being constantly on the rise, it is worth remembering that most of these traders are newcomers who do not have the knowledge, experience, and skill to trade futures. In the case of extreme market volatility, a risk of liquidation still exists. Then the bot will arbitrage for you within the interval. The KuCoin Trading Bot is a trading tool that. For instance, if you rebalance your investment portfolio every four hours, you can use a. and program it so that the Bot will automatically balance your investment portfolio. For instance, if you believe Bitcoin price will fluctuate between 30k and 40k in the following days, you can set the two prices as the price range of your Classic Grid. Most bots running for a couple of days will result in a nice grid profit. KuCoin Trading Bot provides 2 modes to create spot grid trading. Once you find it, you can increase the amount being invested if you are comfortable with the trading bots performance. You can reach out to these services mainly on KuCoin and Pionex. But Ill tell you how to increase this earning with the trading bot in the following sections. 2. I've got three bots running now and they're all in profit at the moment.