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Investing always comes with risks. For using a trading bot, it doesn’t mean that you’re guaranteed to make profits. If that’s what in your mind for using the KuCoin trading bot, you better stop using it, or you might be disappointed with the results.
With our Crypto Trading Bot, it is straightforward to place fully automated trades on RSI levels. One way to do this is to use our TradingView and set up a buy alert on a low RSI level- for example, you could set the buy level on an RSI of 30, and set up a sell alert on an RSI level of 70.
High Frequency Trading Bot Using Artificial Intelligence 100% Automated Algorithms For Every Market Moment User-Friendly Interface , Easy To Setup Bots Without Any Coding Knowledge Copy Top Traders & Earn Maximize Profit.
RSI Trading Signals are one of the most common and necessary technical indicators. Trading RSI Signals manually is very time consuming, and it is almost impossible to always place your trades at the right time.
I have 3+ years of experience in trading bots, especially the grid trading bot. Here are my results on the KuCoin Trading Bot. It turns out to be good, with my prediction with the Bitcoin price goes up. But I’ll tell you how to increase this earning with the trading bot in the following sections.
KuCoin says the tool can “assemble and copy repetitive tasks” which would help you to take trades in a systematic manner. Additionally, KuCoin it will allow you to take trades you would have missed otherwise. Nobody sits at their desk 24/7, except the bots.
Using the trading bot right on the exchange, you won’t need to connect the API keys, ensuring a more stable and sustainable environment to execute your trading strategies. You can reach out to these services mainly on KuCoin and Pionex.
Safety and security is one of our main priorities. Besides TradeSanta does not store your funds, and trading bots have access to your account on the exchange via API keys to trade only. You do not provide access to any other actions, and you are in full control of your funds.
Human emotions, including greed and fear, contribute to the failure of most trading strategies. Crypto bots are not affected by emotions or overwhelmed by market data. So they are the perfect trading tools in the financial markets.
“Probably one of the best automated trading services available online. I have been running several grid bots since October with different settings including triggered ones and the reliability is outstanding. I have tried other companies as well with less convincing results.”
Unlike the normal crypto trading bot provider, KuCoin such as 3Commas or Cryptohopper, crypto trade bot it’s free for users to use KuCoin Trading Bot, just like how Pionex offers 12 free cyprot bot for their users. Currently, KuCoin supports Classic Grid Trading Bot and DCA Bot on the platform.
These trading bots can be great tools to take some basic activities out of your hands. However, it is not possible to drop all the work in the lap of bots just yet. Especially the grid strategies require analysis in order to place the grid effectively. Also, when markets move, you will need to replace the grid.
If you are a long-term holder, KuCoin Smart Rebalance might be the bot for you. This robot allows you to increase the size of your holdings while keeping the division among assets in check. Let me explain using an example, crypto bot where your portfolio consists of 50% BTC, 30% ETH, 10% AVAX & 10% SOL. Inevitably, these coins will fluctuate in price, resulting in the percentage balance shifting. Without any rebalancing, you might end up with 43% BTC, 26% ETH, 15% AVAX & 16% SOL. This is where the bot can come in handy. If you want to keep those ratios fixed, the bot will rebalance your portfolio whenever things get out of their intended ratio.
KuCoin advertises a few different strategies, focussed mainly on spot trading, but futures as well. Their most popular bot is called “Classic Grid”, which allows you to define a range in which you want to do business, like in the example chart below. Selling the red box, buying the green box.
Using the trading bot with a third-party provider means you need to connect your exchange account with an API Key. It’s one of the most complicated parts and always having trouble when the traffic is high. But the good part is that they have more bots and signals, crypto bot but you need to pay for the monthly subscription fee that sometimes eats your monthly profit.
Crypto bots can’t give you massive profits from the markets. But they can consistently generate small gains over time. Therefore, they are profitable over time. The win: risk ratio of good Crypto bots is above one. If the Bot has proper risk management, it will come out net positive with time.
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