Welcome to this post, where we are going to see a way to get very profitable trading bots with KuCoin.
In the description you will be able to find a video about the new futures grid trading bot that KuCoin has launched. Although what we are going to see now, for the moment it only works with the classic grid trading bot.
The strategy to get very profitable bots, although it sounds very simple, is to copy the bots of the people who have the best performing bots. But not only go and copy their bot, but see the configuration and understand it to be able to apply it to our bot.
Trading Bot Classic Grid
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies
In addition, if we copy the bot configuration, it does not mean that it will remain as profitable or profitable, since the price of cryptocurrencies varies.
The first step we must do is to open the KuCoin app. If you do not have an account with Kucoin, in the description you will find a link to create your account.
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies
How to set up trading Bot Classic Grid
With the app open, go to trading bot. Click on classic grid, and below you will see in daily ranking and 7 days ranking the best bots with their performance. Now, I recommend you to look for a cryptocurrency that you know or have analyzed and not simply copy the bot that has performed better in the daily ranking.
Better alternatives
Also, take a better look at the 7day ranking, because you are going to see bots that have had better consistency, as many bots can have a very good day, and the next day not so good. So, we’ll go to 7 day ranking, and here you can look at the different bots in all, or if you want a specific cryptocurrency, see which bots and configuration are having the best performances. For example, let’s look at polkadot, search for dot. And we see the best performing bot. You will also be able to see the age of the bot. If it is a bot created recently, surely the values will continue to serve you in the current market, but if it is already many days old, it may be that its values are no longer in the price range of the cryptocurrency.
Now just click on it, and you will see its configuration. Click on create, to be able to see more in detail all the settings and it will take you to customize your trading bot. Here, you can see the most important aspects of this bot, such as the Price range, and the number of orders. If you simply want to copy the same bot, indicate the amount you want to use in total investment and click on create. And you will have it ready to start trading.
Step by step
Keep in mind that there are minimum capital requirements, so make sure that you have more than the minimum amount required to create it. With this, you will have a bot ready and with a high yield that has generated in the last 7 days.
My recommendation is not only to copy the bot, but to look at different bots and what settings they use. Above all, the price range and the number of orders. Since these are the most important aspects. Also keep in mind that these bots have been created a day or more ago, so the price range may no longer match the current price of the cryptocurrency. My recommendation is that you use the price range as a reference and indicate the price you think it will have in the coming days. If you believe that the cryptocurrency will continue to rise, raise the price parameter, and if you believe that the cryptocurrency has already risen a lot and is going to fall, lower the price range. With this, you will be able to have grid bots that will generate great profitability. The most important thing is to choose well if the cryptocurrency is going to go up or down in the next few days.
I hope this post has helped you to create your classic grid bot without complications. If you don’t have an account with KuCoin, you can create one just below.
I hope this video has helped you to create your classic grid bot without complications. If you don’t have a KuCoin account, you can create one just below.
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies