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imageFor more info, strategies, and tips check out Coinrule’s Knowledgebase here. Automated trading isn’t just for top hedge funds and banks anymore - your bot is now live and trading on your behalf. WARNING: Please check that you have set the correct ENV in .env file before running the following. Please let the script run for a few minutes first before initialising this script. The idea behind it is to buy low and sell high and they do it at various intervals. However there will still be transaction fees being incurred on each transaction.

This also helps to spread some of the risks. The term used is arbitrage. If you choose spot grid (or classic grid), how this Kucoin trading bot works is simple – they will buy and sell on your behalf. The key word here is MIGHT . However the biggest advantage of using a trading bot is that you won’t need to spend your time in front of your monitor or your mobile device to monitor the charts. This is definitely good for Kucoin.

imageYou just let the bot do all the work for you. When I say "free" I mean there are no additional charges to using the bot . So every time the bot buys or sells assets, you are incurring the transaction fees. Of course it might be good for you as well. The platform allows you to test your trading strategy using high-quality historical or real-time data before investing any real money through backtesting. You can use the HaasOnline backtesting feature to prevent unnecessary losses.

This way, the trading bot can make good use of the " buy low, sell high " strategy constantly. In most cases, this should generate a little profit for crypto trade bot you. The prices will go up and down but still be trading around a certain range. It also make sense as a human we can’t really spot the top and the bottom of such a cycle. That is in fact what it is designed primarily to do. Just imagine how precise you need to be to spot all those tops and bottoms. And you will probably need to invest into the bot for some time too.

Even experts in this field will have a hard time as well. It just doesn’t work that way. So when should you use the trading bot then, you might ask? Don’t expect to come in and make a quick buck. Well the consensus seems to be that you should use the trading bot if you believe the asset in question is going to be trading more or less sideways but can be rather volatile . After you click on the link that was sent, you will be taken to the API Management page. This will trigger your 2-factor authentication.

After entering your code, Binance will send you an email to confirm you want to create a new bot. From the drop-down menu next to If, select your coin. In the next step you can customize the template. You can also let the bot trade any coin available on the exchange if you would like, but you must select that first. The only thing you must do is define the coin the rule is for such as Bitcoin (BTC), Ethereum (ETH), or Dogecoin (DOGE) and then set the amount you want to trade.

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