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THE KUCOIN TRADING BOT IS FREE TO USE FOR ANY REGISTERED USER ON KUCOIN

Denis DenisovMay 18, 2022


THE KUCOIN TRADING BOT IS FREE TO USE FOR ANY REGISTERED USER ON KUCOIN

Denis Denisov

Over the past months, we have covered quite a few strategies to actively
participate in the market, but what if you are strapped for time? More and more
platforms and exchanges are starting to offer automated trading strategies.
Today we will discuss the KuCoin trading bot, and how to use it in your trading.

REGISTRATION KUCOIN


WHAT IS THE KUCOIN TRADING BOT?

As the name suggests, the KuCoin trading bot is a trading tool on KuCoin that
takes trading tasks out of your hands. The tools allow you to pre-set certain
conditions where the bot will execute trades, allowing you to trade while you
sleep. It also takes away the factor of emotions from trading.

KuCoin says the tool can “assemble and copy repetitive tasks” which would help
you to take trades in a systematic manner. Additionally, it will allow you to
take trades you would have missed otherwise. Nobody sits at their desk 24/7,
except the bots.





KuCoin Crypto Trading Bot Tutorial 2022 (Step-By-Step Guide)


REGISTRATION KUCOIN







HOW DOES KUCOIN’S TRADING BOT WORK?

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The Kucoin bot first saw the light of day in early 2021, and at the time, it had
only three basic features. Nevertheless, it got attention from experienced
traders. Over the next few months, the bot has undergone slight modifications,
and today it has six features. They are as follows: 

 * Dynamic Rebalancing 
 * Infinity Grid 
 * Margin Trading Grid 
 * DCA (Dollar Cost Average) 
 * Futures Grid 
 * Classic Grid 

When it comes to crypto assets, the bot supports pretty much all the coins that
the platform itself supports. According to the latest assessments, there are
more than 800 coins available on the crypto exchange. Starting the bot isn’t too
difficult, especially if we have in mind that it supports only the features that
were already available on Kucoin’s website. The only difference is that the bot
is available only inside the mobile app. So all you have to do is to download
it, run it, and your investing adventure may begin. 

Advanced traders and crypto investors can leverage advanced orders like
real-time charting, limit orders, stop-loss to earn more from crypto trading
bots.





How to Create a Crypto Trading Bot for Beginners - Kucoin Trading Bot


REGISTRATION KUCOIN





WHAT IS THE FUTURES GRID BOT?

Futures Grid Bot is a combination of grid trading and futures trading, which can
bring grid profit for users when going long or short.

The bot will divide your investment into several grids and keep buying low and
selling high within the price range. The futures grid is like a fishing net - by
tracking the price of the contract, the bot continuously reaps profit from
grids.


HOW TO CREATE FUTURES GRID BOT?

Step 1: Download the KuCoin app here.

Step 2: Choose “Trading Bot”--> “Futures Grid”.


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Step 3: Set parameters for your bot. You can set Auto parameters or customize
parameters by yourself.


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HOW TO SET AUTO PARAMETERS?

Step 1: Choose a contract

Step 2: Choose long or short.

Notice: The bot will automatically go short, but you can also change the side by
yourself.

Step 3: Enter the investment amount, please make sure that you have enough
balance in your trading account.

Step 4: Tap “Create” to run the bot. Kindly note the risk alert.


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HOW TO SET "CUSTOMIZE" PARAMETERS?

Step 1: Choose a contract

Step 2: Choose long or short. For reference, the distribution of long/short will
be displayed.

Step 3: Set leverage. You can devote a small number of funds and gain more
profit by increasing the leverage, but the risk of liquidation will increase as
well.

Step 4: Specify the price range. You can choose “Fill AI Parameters”, then
change the parameters based on your needs. The lower price is the minimum price
for the bot to buy a contract and the upper price is the maximum price for the
bot to sell. When the market price is below the lower price, the bot will stop
buying contracts; when the market price goes beyond the upper price, the bot
will stop selling contracts. In other words, the bot will only trade within the
preset price range.

Step 5: Enter the number of orders, namely the number of grids. Under the same
price range, the more the number of orders, the more the grids, and the more
frequent the buy low and sell high.

Step 6: Enter your investment amount

Step 7: Tap “Create” to run the bot. Kindly note the risk alert.


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HOW TO CHECK THE RUNNING BOTS' STATUS AND PROFITS OF FUTURES GRID TRADING?

a. Tap “Trading Bot”, under “Running”, users can check the details of the
profit, such as Grid Profits, Floating PNL, number of arbitrages, and APR.


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b. Click “Trading Bot”, and then “Profits” to check the total profit and
historical profits.


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Notice: The Profit of the Futures Grid Bot is funding fees, grid profits and
futures profits. To realize a greater profit, you can pay attention to the
following tips:

1. If you want to make funding fees, the best way is to focus on the long/short
distribution. Based on the historical data, generally, the short side can gain
funding fees.

2. Profit grids may be affected by many factors including underlying asset,
price range, take profit price and stop-loss price, grid interval, etc. It is
suggested that novices choose AI parameters to optimize bot settings and yield
greater profit.

3. If you choose the right side, there’ll be more future profit; however, if
not, running the bot for the longer term can also make up for the losses.

4. With only a handful of funds, it is recommended to raise the leverage or to
choose a trading pair with a lower value of a single lot.

 


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