As a free intelligent trading tool, it can help increase overall profitability for cryptocurrency traders. The Trading Bot solution is now available to all users on mobile and through the exchange’s web interface. KuCoin, a global leading crypto exchange, is proud to announce today its new Trading Bot service. Several parameters/rules can be set to automate/implement trader's strategy. By following defined rules of the trading strategy of the trader, it aims to make repetitive actions fast using API provided by supported platforms.
The software provides web interface to make possible instant user actions on going process if needed. SQLite database is used to make installation, setup and migration a smooth/easy process. You can reduce your risks by deactivating automatic withdrawals and being secretive with your API keys. Cyber-criminals tend to stay clear of blockchains, which are generally secured well, but they may target bots or cryptocurrency exchanges. In addition, the cost structure on the platform is straightforward and open, allowing traders to comprehend the setup without any issues.
Taking everything into consideration, KuCoin is a well-established cryptocurrency exchange that provides some of the lowest trading costs in terms of Spot, Futures, and withdrawal fees. We will show you a beginner-level example strategy which is based on a TA indicator, commonly used: an exponential moving average (EMA), the crossover of two EMAs to be precise. So how do we use a simple cryptocurrency trading bot to protect our assets in a turbulent year like 2020?
Currently available through the KuCoin App and the web, users can experiment with the different options at their disposal. More importantly, this new tool is accessible to users regardless of their trading experience, as it is designed to help many people improve the overall profitability of their trades. The KuCoin Trading Bot
solution provides numerous benefits to cryptocurrency traders, including convenience, efficiency, and powerful strategies. Some of the main figures that set the platform apart from its competitors include more than 8 million registered users globally, over $370 billion in trading volume (USD), and almost 800 million total trades.
Backtesting our bot like this is all fair and good, however often times, traders need more immediate feedback on their bot, especially when it comes to the profitability of individual positions. For this reason, we included a position management system into the Trality API, that lets you track key metrics of your positions, directly in the logs as you test your bot. They’re not hindered by the same narrowed focus as humans, and won’t miss potentially beneficial trades because they were concentrating on another task.crypto trade bot
trading bots are experts in multitasking: they run analysis of multiple currencies and conduct trades at the same time. In a fourth step, the heart and soul of our algorithm is defined: its trading strategy. We use the order API to create orders. Specifically, the algorithm places a market order going long if the shorter EMA crosses above the longer, for the amount as defined above in buy_value. Maker/Taker: If you are a Maker/Taker, your trading fee rate will be affected as well; Taker : As a taker in a Market/Hidden/Iceberg Order, you will be charged a taker fee; Maker : If you are a maker in a Limit Order (with the Post Only option activated), kucoin trading bot you will be charged a maker fee; KCS pay fees: If you enable the KCS pay fees feature, you may adjust your trading fee rate.