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%. KuCoin's trading bot is ideally used on volatile trading pairs, in which the cryptoasset users pick is preferably moving up. Sign up on KuCoin, and start trading today! KuCoin bots can be profitable if the trading strategies are efficient. (DCA running page provided by KuCoin user). As long as your within the upper and lower ranges with small enough grids to capture the ups and down you make money. In DCA, or dollar-cost averaging, funds are divided and invested by computer programs following a predetermined time cycle. Step 3: Set parameters for your bot. Yes. Kucoin is a popular cryptocurrency exchange that offers a trading bot service to its users. 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. In this blog post, we will walk you through the four amazing bots and help you find the ones that suit you most. But it's easier said than done. For a lot of investors, there are only a few strategies that are right for them and fit their style. However, KuCoin has few built-in trading bots, such as Grid bots for both spot and futures markets and a DCA bot. With the futures market offering great possibilities even when the prices are dropping, futures trading is very popular during bearish periods. KuCoin's trading bot is generally considered reliable. Other than Grid Trading Bot, Pionex supports 12 free trading bots for different investors with different risk-tolerant. Also imo this strategy is the best low effort one for beginners. Here are the three best options you should rely on for trading on the KuCoin platform. 3Commas recently released a new GRID bot as well as a DCA bot. After the creation of the Classic Grid Trading bot, KuCoin decided to also add support for. This probably isn't as much as if I'd just held both assets though. Much better to stay over 1% profit minimum. Heres the must-read before using the trading bot. For instance, buy $50 worth of BTC at 8am everyday to slowly grow your holdings. In short, the trading fee you have to count on with the bot are the same you would otherwise have to pay on the Kucoins platform. It's one of the few platforms where U.S. users can access a margin account for trading crypto, and it. They have the Classic Grid, Futures Grid and DCA. 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. Moreover, more orders being placed does not necessarily mean better performance. Publishing bundles on the site may also make you money; see Mudrex Bundle publishing for more information. In most cases, investors are unable to react quickly enough to these price changes in order to carry out the most profitable trade. The founders were already in the finance field and had previously run iBox PAY and Ant Financial for a few years. We only charge transaction fees per trade, just like any other form of trading on other markets. All Rights Reserved. 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. Using this strategy, an automated system purchases and sells assets to maintain a well-balanced investment portfolio. For instance, if you rebalance your investment portfolio every four hours, you can use a Smart Rebalance Bot and program it so that the Bot will automatically balance your investment portfolio. The KuCoin trading bot is presented on the Cryptorobotics trading platform. It's tough to sit in front of a computer screen and dig crypto charts all the time to make a profitable trade. CopyRight 2017 - 2023 KuCoin.com. In most cases, the market is fluctuating. The other way is to copy others settings. Kucoin Trading Bot Best Settings A: You'll receive daily KCS bonus rewards by holding at least 6 KCS in either your main, trading, or margin account and on Pool-X (unstaked/unlocked/tradable) and keep it for more than 24 hours. The basic bot costs $29 per month, while the advanced bot costs &99 per month and has several other features. Setting and market changes are the only variables that may affect a bot's trading outcome. Let's take a closer look at each of the fivetrading techniquesoffered by the KuCoin bot. And, if something is perfect for rookies and newcomers, it is usually frowned upon by more experienced crypto traders. It is another useful tool after Classic Grid, DCA, and Futures Grid to help users gain profits during market volatility. According to Tradeciety, 80% of all day traders quit within their first two years, and active traders underperform market indices by 6.5% annually on average. In this section, you'll discover a wide range of articles and FAQs that might answer almost all of your questions. The best free crypto trading bot in 2022, as found in our independent testing, is Pionex! You may trade on almost any of them at any given moment. Other bot providers, for example, charge a monthly fee for their services. . Price, Max. A crypto trading bot is not a get-rich-quick solution. It is equivalent to configuring a 24/7, all-around bot butler for your trading strategy. 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). Click Here to download the latest version of the KuCoin App and hope you can enjoy the trading experience with KuCoin Trading Bot. A trading bot is an automated algorithm that executes the strategies for you. The robot is really suitable for people who wish to trade in the Futures market but lack the experience!! It's down a lot at the moment, about a third. It's tough to sit in front of a computer screen and digcrypto chartsall the time to make a profitable trade. This one has a good pattern to use and maybe practice before jumping to something more volatile. Perhaps only one of the mentioned strategies will work with you, and perhaps none will. However, this problem has been solved with the development of crypto trading bots. Meanwhile, the average individual investor only underperforms a market index by 1.5% a year, which would mean that most traders would be better off buying ETFs tracking market indices. Lou Yu, Head of KuCoin Labs, to Speak About Web3 Incubation in Emerging Markets at Token 2049. 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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 . Naturally, the bot is limited to KuCoin only, with no other cryptocurrency exchanges supported. According to the latest assessments, there are more than 800 coins available on the crypto exchange. Follow us on Twitter >>> https://twitter.com/kucoincom, Join us on Telegram >>> https://t.me/Kucoin_Exchange, Download KuCoin App >>>https://www.kucoin.com/download. The outcome of every bots trade depends solely on the settings you choose and on the movements of the market. So how to make a choice between Classic Grid and Futures Grid? No matter how good the bot is, it will eventually increase the overall traffic on the platform. 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????? But, how useful will it be for an average trader? Like you can have the bot to make a rebalance every 12 hours, or once the percentage deviation is over say 2%. a. But its a hassle if you need to buy Bitcoin, ETH, or other cryptocurrencies every day. I want to see other peoples experience about it as well. Classic Grid: Make Passive Income By Buying Low & Selling High. Thats what I do most of the time specially on Grid trading. Keep track of your thoughts about the market. any users who tried, how much did you invest and did you make any profit or loss? Bitsgapis a well-known trading bot that can be downloaded for free. Only on Binance will you be able to utilize Bitsgap's futures trading bot starting in June 2021. What are the advantages of KuCoin Trading Bots? Kucoin trading bot take profit : r/kucoin Hi everyone, how to set up the bot in order to take profit automatically? You can use your coin as collateral for using the margin grid bot. As most of us can hardly predict the real dip of the market, DCA can help optimize our average entry price in most cases. As a result, many handful tools have been developed to smoothen thecrypto tradingprocess. Rn we are in a bullish market which means BTC is overall bullish. KuCoin warns traders that different investment times could mean the performance of the bots will be different. According to KuCoin, it is a combination of Futures and Grid trading, which can bring grid . The KuCoin Trading Bot is a trading tool that allows users to gain passive income with automated trading strategies. 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. The launch of the KuCoin exchanges official trading bot has garnered much attention in the crypto sector. This is not financial advice. You can set Auto parameters or customize parameters by yourself. So you have tried it already too? It sounds simple and easy, but if you have experience in trading before, you should be aware that its the most challenging part. Therefore, Kucoin has introduced its trading bot, available to all its users. Additionally, the tool allows you to search for a specific cryptocurrency or categorize them according to your favorite trading platform or asset type. I was a beginner in crypto when I found KuCoin. Still, it's an era of technology, and no trading bot can guarantee that your money will be completely safe from market losses. Currently, KuCoin supports Classic Grid Trading Bot and DCA Bot on the platform. Because of this, you don't have to spend a dime on any trading tactics. What is this? As soon as you set it up, the bot will do the work for you. More and more people are realizing its potential and hence willing to trade consistently. All content on CaptainAltcoin is provided solely for informational purposes. Press J to jump to the feed. I've tried a few other currencies and lost. KuCoin describes it as a type of quantitative trading that uses a grid to set up different price points. Assuming that you want to allocate 40% of your fund to BTC, 30% to ETH and 30% to KCS, if you are simply holding, the value of these tokens may change over time and the portfolio percentage will soon no longer be 40% - 30% - 30%. The robot is programmed to do everything on its own, from collecting data to making a forecast and then acting on those forecasts. However, this strategy can be quite a hassle if users need to purchase cryptocurrencies on a daily basis. KuCoin Trading Bot is a free trading tool that can help users save time and energy while improving their profit. I've got three bots running now and they're all in profit at the moment. However, it is also the safest way to trade, with the least amount of knowledge needed to optimize the robot and make it perform in accordance with what you need it to do. You may also use the bot to automate your trading depending on the crypto signals you get. Timing is important when it comes to trading, and each of your trades will have a huge impact on the potential profit. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. Step 1: Choose a contract Step 2: Choose long or short. 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. Just to open a discussion. For learning more info, please visit this tutorial instead. The KuCoin trading bot can be your center of interest as the platform itself develops it and is completely free. Step 2: Create Spot Grid trading. Joint AMA of Johnny Lyu & Tokoin Full Transcript. While using a trading bot can monitor market holdings on your behalf and execute trades 24 hours non-stop. 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. 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 . Additionally, KuCoin trading bot provides free trading strategies which let you take returns without monitoring the market. Using a total of ten bots at the same time helps you to diversify your earnings. 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. Grid trading is the basic type of trading, and so it is something that can easily be handled by KuCoins trading bot. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. There is no minimum investment, but some bots make no sense starting if the investment is not at least $50. Per Mudrex, all-important personal information is protected using bank-level AES-256. 2. We ssuggest similar type of bots to experienced traders. As a result of developing the future grid, the original grid bot has been given a contemporary makeover. Your own KuCoin Trading Bot will be up and operating in minutes, producing money for you while you're asleep. KuCoin is an established cryptocurrency exchange that offers a wide range of crypto assets and crypto-related services. Once the target has been reached, you can have the bot either notify you or stop profit automatically. Dollar-cost averaging is not a new strategy when it comes to investing. I'm also not very familiar with this part of the trading bot maybe because I'm actually more into the classic grid, for those have a leverage experience, yes the new trading bot is very good to run as you said that it have a low risk too, You mean the futures bot? Being one of the finest the KuCoin trading platform paid attention to this feature and introduced its trading bot at the start of 2021. If I remember correctly the limit in 2021 was 10. to help users gain profits during market volatility. At the time of launch, it didn't offer all the trading bot features but continuously evolved with time. KuCoin trading bot is KuCoins new feature which provides trading bots within the exchange itself. The $19 monthly premium plan, on the other hand, is an option. Create an account to follow your favorite communities and start taking part in conversations. With the ability to customize settings and make trades based on market conditions, the Kucoin trading bot is a powerful tool for maximizing profits in the highly volatile world of cryptocurrency trading. The robot is also suitable for users who do not want to be exposed to high risks, or those who wish to trade in the futures market but lack the experience. 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. Rewards will be provided to users who inform us of the above. This bot can mitigate the risks and increase the chances of generating a profit from crypto trading. a. The repetitive task can be done with the tool here by the DCA bot. However, the complexities involved in the process are irritating for crypto experts. Launched in early 2021, KuCoin Trading Bot has been up and running for some time. Then use AI parameters and decrease the number of placed orders until the profit per grid is at least 0.5%. Trading Bots can "assemble and copy" repetitive tasks to help you easily execute trades. The first three months of subscription are free, and you may cancel at any moment. What the bot does is help you execute your strategy even when youre sleeping. After that look for a coin that hasn't had a crazy price action like +/- 30%. 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. Let's say that the bot makes 10 usd in profit on a trade, cand i take that profit without stopping the whole bot? But Futures Grid has two unique features that can help investors make more profits. Diversifying your sources of income is one of the first stops on the road to financial independence. 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. On the one hand, you can always stick to your expected portfolio percentage, on the other hand, the amount of your tokens will grow through rounds of rounds of rebalance. More trading bot strategies are expected soon, one of which might fit your trading needs. Haasbot Review: Is this the best cryptocurrency trading bot? When traders want to take advantage of the market's volatility, they apply the Spot GRID approach. Recently, the KuCoin Trading Bot has introduced its latest trading strategy called the Smart Rebalance. 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. Starting the bot isnt too difficult, especially if we have in mind that it supports only the features that were already available on Kucoins website. Here are some features that the KuCoin trading bot offers to its users. Timing is a critical factor in trading crypto and identifying the best time to buy and sell is the magic behind making a profit in the crypto space. The bot may be used on both Android and iOS devices. If you choose the infinite grid, the price will never go above or below the limitations that you specify for it. This will give you a good idea of how much money you may anticipate making. However, a separate trading exchange is recommended since CryptoHopper uses API keys and does not have the authority to carry out withdrawals from your exchange. It is a passive approach to trading cryptocurrency and maximizing one's potential profit. Currently Im running 5 bots. So it doesn't do any technical analysis. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. Above or below this range, the bot will stop trading. One is called AI parameters, which will suggest the bot settings based on the historical data of the coin. Advanced traders and crypto investors can leverage advanced orders like real-time charting, limit orders, stop-loss to earn more from crypto trading bots. 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. The most significant chunk of your funds is secured on the bitcoin trading platform's servers. Kucoin trading bots are automated cryptocurrency trading software strategies that any Kucoin exchange user can use free of charge. More details comparison for each features please visit the below blog post. Dear KuCoin Users,To enrich the variety of assets available, KuCoin Trading Bot has added IGU/USDT and IGU/BTC trading pairs.New assets added to the Trading Bots. Spot Grid:IGU/USDT, IGU/BTCMartingale:IGU/USDT, IGU/BTC Infinity Grid:IGU/USDT, IGU/BTC DCA:IGUStart creating a Trading Bot to p. Of course, the reason why the robot is so successful is that its decisions are not affected by the human factor. Unlike other bot mobile apps, it has elements like an interactive UI or a floating window, which help it stand out from the others. Secondly for choosing a pair, go to grid bot, click BTC and then click volatility (from highest to lowest). Just as the name suggests, Futures Grid Bot is a combination of futures and grid trading, which can bring grid profits for users when going long or short.