Dear Readers,

With the advent of technologies that are growing day by day, our lives are being made easy and we integrate the technological developments and advancements in our every day life.

Like we integrate the technological things, we also use this in trading too.

As you know most of the Crypto Exchanges are offering the AI based trading bots- which I have covered in a previous article on Kucoin trading bots on 28 January 2023. You can see it here. 

Many readers have commented on this and most of them shared that they have used this already and ended up in making loss. The AI based trading bots were designed in such a way that it would end up in making losses. 

Through this particular article I wish to share my practical experiences and tips in this regard. 

1. Yes, compared to the olden years, you can set up an appropriate trading bot with a few clicks with minimum investment of $ 10 with selected crypto pairs. 

2. Once you set up, the trading bot with automatically start functioning with the said buy and sell orders. 

3. Now a days, most of the traders and investments use the technical charts to understand the movement of the crypto markets. Unlike there are any special news and driven by other major things, this technicals helps us a lot. With the technicals you should choose an appropriate trading bot according to the market movments.

Currently, Kucoin offers  (1) Spot Grid - to kill volatility of the Cryptomarket by selling high and buying low (2) Futures Grid - Long or Short to make Profit from Market Trends (3) Smart Rebalance - To build an investment portfolio for long term (4) DCA- To make profits at regular intervals (5) Infinity Grid- The bullish Volatility Killer. 

I have set up with the Spot Grid with $ 10.085 investment to trade with LITH/USD pair. 

You can get to know the performance and the comparison of the trade bot with the following screen shot. The first screen shot made on earlier while the second is on today. 

From you can see the Profits are accumulating and it has gone from 5.30% to 17.24% ( that includes the unrealised profits in the Grid)

4. The point here is you need to review the trade bots quite often and accordingly you need to take decisions. In my case, the price has once got out of the price range and I have re-configured the price again so that the trade bot starts working. You could have booked profit also at that particular time where I have got more than 1 USD profit at time too. 

5. You can also exit from the trade bot once there are enough profits with the Grid and the unrealised PNL to safeguard the capital and returns whenever you feel that the market would turn to downward and would not work out with range bound/ trades sideways. 

6. What I have done is a small thing, but you can do a lot more with appropriate action with the trade bots.

7. With the uncertainty over the crypto markets with high volatility always ensure your Return on Capital is more important than your Return on Investments in the turbulent times. 

Please also keep in mind that all are subject to market risks and we need to be very careful at every time!

Have a happy investing with the AI based technologies in our Crypto trade!!

If you want to try with Kucoin Crypto Exchange with my referral: https://www.kucoin.com/ucenter/signup?rcode=rB9JXG6