Trading Bots

How to use Bitget's trading bot tools: a summary

2024-02-19 09:000494

Bitget offers more than just trading tools and financial products for users to profit; it also provides trading bot tools to assist traders in automating their trading. Bitget provides lots of accessible and easy-to-use bot tools, including:

1. Grid bots: Spot grid, futures grid, and position grid. Suited for sideways oscillation – buy low, sell high and cyclical arbitrage.

2. Dollar cost averaging: Spot Martingale and futures Martingale. Suited for mid- to long-term volatile markets — buy low in batches, average out costs, and profit on the rebound.

3. Portfolio arbitrage: Auto-invest bot and Smart Portfolio. Suited for long-term bullish markets, diversify risks, lower costs, and cyclical arbitrage.

4. Indicator trading: Spot CTA and futures CTA. Automated trading bot based on mathematical models and algorithms, including MACD, BOLL, MA, and RSI indicators.

5. Signal trading: Futures signal bots. Enables real-time signal trading with TradingView.

6. Intelligent investment: Futures quant trading. Investment powered by cutting-edge AI.

Grid bots, auto-invest bots, and Smart Portfolio are the easiest to use, while Martingale, indicator trading, signal trading, and smart investment bots are more suited to high-net-worth users as they involve more complex risks.

Each bot has its own characteristics and application scenarios. The best bot for you depends on your personal situation, risk appetite, and timeframe. As an investor, make sure to keep learning and regularly adjust your bots based on market conditions!

What are spot grids?

Spot grid is an automated trading bot that buys low and sells high within a specific price range. Users can start running a bot after setting the range of the lowest and highest prices and the number of grids. A trigger can also be set where the bot starts running once the market reaches the trigger price. The bot will calculate the buy low and sell high prices for each grid to place orders. When the bot keeps doing this, users will be able to gain profits from the market volatility.

Suited for sideways oscillation — buy low, sell high and cyclical arbitrage

1. Spot grid is a simple way to profit in volatile markets. When the market of the underlying asset is volatile, spot grid bots automatically buy and sell when the market price hits the preset price levels of the grid.

2. You can enable trailing grid for spot grid bots to follow the moving average. The grid moves upward or downward when the change reaches the preset percentage, securing continuous arbitrage as the market price will never exceed the upper or lower limits of the range. The trailing grid feature can significantly boost profits when compared with ordinary grid parameters.

References:

Crash course on spot grid trading

Participate in spot grid bot trading

What are futures grids?

Futures grid is designed to apply grid trading strategies to futures trading. Traders can choose to go long or short in the futures grid. When going long, a long position will be opened in a pre-defined price range with preset parameters (number of grids) to profit from the grid by buying low and selling high. You can consistently buy low and sell high with the futures grid bot to take advantage of market volatility as market prices fluctuate.

Suited for sideways oscillation — margin trading, buy low, sell high, and cyclical arbitrage

1. As with spot grid bots, futures grid bots also profit from market volatility. Futures grid bots use leverage to earn higher returns with a smaller amount of capital.

2. You can enable trailing grid for futures grid bots to follow the moving average. The grid moves upward or downward when the change reaches the preset percentage, securing continuous arbitrage as the market price will never exceed the upper or lower limits of the range. The trailing grid feature can significantly boost profits when compared with ordinary grid parameters.

References:

Crash course on futures grid trading

Participate in futures grid bot trading

What are position grids?

Position grid bots automatically buy low and sell high within a specific wide price range, with price levels determined by the system. Simply put, position grids use Bitget's grid trading bot technology to intelligently recommend parameters based on current asset prices. As long as the coin price oscillates within the position grid's price range, the bot will profit from the grid on a 24/7 basis. You may also withdraw the position grid's profits to make flexible use of your assets.

Broad price range, buy low and sell high in volatile markets

1. The grid parameters are based on intelligent algorithms backtested for optimal returns, allowing broader price ranges and reducing the possibility of grid termination.

2. Simply enter the investment amount and the system will set the grid interval and the number of grids based on a uniform price or price percentage difference between orders, and automatically buy low and sell high within a broader range.

References:

Crash course on position grids

Participate in spot position grid bot trading

Participate in futures position grid bot trading

What is spot Martingale?

The Martingale bot buys when the price goes down to reduce the average cost of investment. It is suited for users who have a positive long-term outlook on a coin but have difficulty determining the entry timing, who do not wish to miss out on the opportunity, or simply for users who want to withstand floating losses. For example, if you buy a coin at 50 USDT with the belief that the price will reach 100 USDT after some possible drops, then you can set the bot to buy more whenever the price drops by 10 USDT. When the price hits 100 USDT, you will hold more assets at a lower average price.

Suited for mid- to long-term volatile markets — buy low in batches, average out costs, and profit on the rebound

1. When prices continue to fall, Martingale bots buy low in batches and sell when the price rebounds to realize continuous, cyclical arbitrage.

2. Normal spot Martingale: Best for users who are bullish on the market but expect the price to drop before rising. After placing the base order, more safety orders can be placed at the preset intervals and multipliers.

3. Reverse spot Martingale: Best for coin holders who are bearish on the market but worried that the market may rebound first. They can sell part of their holdings and continue to sell if the price increases to maximize their profit.

References:

Crash course on spot Martingale

Participate in spot Martingale bot trading

What is futures Martingale?

Bitget's futures Martingale supports two-way transactions, meaning it can both go long and short to make a profit by leveraging potential market reversals. Futures Martingale features customizable leverage and generates recurring profits, providing traders with more trading opportunities and flexibility.

Suited for mid- to long-term volatile markets — DCA, average out costs, and profit on the rebound

1. When prices continue to fall, Martingale bots buy low in batches and sell when the price rebounds to realize continuous, cyclical arbitrage.

2. Martingale bots support two-way transactions in both bullish and bearish markets, meaning traders can both go long and short to make profit by leveraging potential market reversals.

3. Futures Martingale bots support up to 125X leverage, meeting a variety of risk appetites and allowing investors to magnify their gains at low cost.

References:

Crash course on futures Martingale

Participate in futures Martingale bot trading

What is auto-invest?

Spot auto-invest uses preset parameters to determine the time, frequency, and price of regular purchases, maximizing risk control. It relies solely on objective data and excludes subjective factors, leading to more profitable trades. With the Bitget spot auto-invest bot, your cryptocurrency investments are fully automated. The bot follows the preset parameters strictly and trades regardless of market fluctuations to take advantage of the bull market to earn high profits.

Long-term bullish — diversify risks and lower costs

1. Spot auto-invest bots reduce the overall cost basis through periodic buying and take advantage of bull markets to earn high profits.

2. The bots automatically use preset parameters to determine the time, frequency, and price of regular purchases, maximizing risk control. It relies solely on objective data and excludes subjective factors, leading to more profitable trades.

References:

Crash course on spot auto-invest

Participate in spot auto-invest bot trading

What is Bitget Smart Portfolio?

Smart Portfolio bots intelligently and dynamically rebalance positions within a user-selected portfolio of coins. Dynamic rebalancing helps maintain a constant proportion of each coin within the user's portfolio. Users can choose between two rebalancing modes to initiate these adjustments: based on a fixed time interval or changes in the coin's market capitalization.The advantage of this bot is that it can leverage exchange rate fluctuations between different coins to earn while holding a well-picked portfolio.

Profits best in long-term, slow bullish trends through cyclical arbitrage

1. Smart Portfolio bots intelligently and dynamically rebalance positions within a user-selected portfolio of coins.

2. Dynamic rebalancing helps maintain a constant proportion of each coin within the user's portfolio. Users can choose between two rebalancing modes to initiate these adjustments — Scheduled or Proportional.

3. These bots leverage exchange rate fluctuations between different coins to earn while holding a curated portfolio, profiting from market bottoming or long-term, slow bullish trends.

References:

Crash course on Smart Portfolio

Participate in Smart Portfolio bot trading

What are CTA bots?

Commodity trading advisor, or CTA, refers to a type of strategy specifically applied to commodity futures and stock market index futures. CTA bots mostly use price/volume trends to execute short-term trades and build a complete index trading system.

In short, CTA is about using programs to automatically implement index trading bots so as to buy (go long), sell (go short), or go long and short on tokens at the same time with the aim of making net profits. The practice of using CTA bots can eliminate the interference of human emotions and poor decision-making. A CTA bot is designed to follow predetermined rules, resulting in higher execution efficiency and trading accuracy.

Automated trading bot based on mathematical models and algorithms

1. CTA bots mostly use price/volume trends to execute short-term trades and build a complete index trading system.

2. Bitget's CTA bots identify price trends by tracking MACD, double moving averages, Bollinger bands, RSI, and other signals to detect the emergence of golden crosses (or death crosses) in time so that it can accurately time trades and place orders according to trends.

3. Bitget's CTA bots develop different investment strategies for different markets, cycles, and asset classes to respond to market conditions with great diversity.

References:

How can Bitget help index traders? CTA strategy may be the next big trend

Participate in spot CTA bot trading

Participate in futures CTA bot trading

What are futures quant bots?

Futures quant bots are designed to serve as an investment tool that employs AI technology and algorithms to provide investors with premium portfolios and inform their investment decisions. They can also be seen as an innovative financial model that provides investors with personalized and intelligent investment advice and services, essentially serving as a smart investment advisor in the crypto space.

Investment powered by cutting-edge AI

1. Futures quant bots are powered by an extensive database that encompasses fundamental cryptocurrency market data, on-chain data, key account trading data, metrics, and more.

2. They take into account the database and the investor's financial situation, risk appetite, financial goals, and more to provide the most suitable investment strategies through sophisticated data models and backend algorithms.

3. With integrated risk control, positions are reduced and trading frequency is lowered when the bot consistently incurs losses, while positions and frequency are increased when the bot consistently generates profits.

References:

Futures Quant: Your Most Powerful Investment Tool in the Age of Intelligence

Participate in futures quant bot trading

What are futures signal bots?

Futures signal bots are powerful trading tools that allow users to trade USDT-M perpetual futures by automatically using signals from TradingView. TradingView's webhook feature can send a request to a certain URL every time it is triggered to ensure the automation of trading.

Real-time signal trading with TradingView

1. Seamlessly integrated with TradingView, signal bots allow users to have full control over their algorithms and can execute trades in real time with high performance and reliability.

2. Based on market data and technical indicators, signal bots provide a structured and systematic approach to help traders better understand the market and make informed decisions.

References:

Bitget futures signal bot: automated trading enabled via TradingView signals

Participate in futures signal bot trading

Disclaimer

Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses.