KuCoin Trading Bot Futures Grid: Step-by-Step Guide

It is important to know the risk that this type of bot has before starting to use them and that it is for investors who assume some risk and have some knowledge in the market. In this video I am going to focus more on how to start creating your bot and all the configuration, if you want to see more about what profitability has given me and testing different configurations, stay tuned for future videos.

The futures grid trading bot is ideal when you can foresee where the market is going to go, and if you can get more profitability than just holding a long or short position. A good use it can have, is after a day where the market has been in the red, usually it usually recovers and most cryptocurrencies rise between 10 and 20%. If you are able to detect it, with this bot you can generate big profits.

Now, let’s see how to create it. First of all, we must open the app, and have funds in our account. You can find a video on my channel on how to deposit funds in KuCoin. With the funds in the account, we must move them to the trading account to be able to use them.

Trading Crypto Bot How It Works

With the funds in the trading accout, we open the app, go to home and click on trading bot. You will see how simple it is to create it. Click on the futures grid option. Here, there is even a video explaining how it works for more detail. Followed below by a ranking of the highest returns in a day, and 7 days. I recommend you to take a look to see which contracts and settings are giving more profit. For example, in 7 days, we find Matic with Long X5 as the most profitable bot.

Click on create. Here is when we must configure all the parameters. First and foremost, is the type of pair you want to trade. Note that each pair has a minimum investment, where you can go how minimum 50 dollars up to 1,500 dollars that you must have in the trading account to use. Select the pair you want, you can search for the cryptocurrency you are most interested in creating the futures bot.

Once you have selected the pair, you can decide to go with the artificial intelligence parameters if you want to try it out and don’t have much experience or knowledge, or customize all aspects of the bot yourself in customize.

If you decide to go with the artificial intelligence parameters, you will only have to select long, which you think will go up in price or short, if you think its price will go down. The amount you want to invest in investment and in advanced settings, you can set the stop Price and take profit Price or leave it as default according to the artificial intelligence. With this, click on create and you will have it ready to use.

If you want to customize it in more detail, go to customize. Here the first thing is to select if you want to go short or short, if you think it will go down in price, or long or long if you think it will go up. Below, you will see a % of the most common positions of which percentage is in long and short. It is interesting to take this into account, because if there is a large percentage in long, it is likely that the price will go up.

Trading Bot Leverage

In leverage you can indicate the amount of leverage you want to use. From x1 to x5. Always keep in mind that the more leverage you use, the higher the risk, but also the higher the profit on each successful trade.

Select the leverage you want to use. In Price range, it is very important to see a chart with the prices you think will move. Here you should indicate the lowest price you think it will reach and use to buy and sell and the same with the maximum price it will move.

We continue below, with the number of orders you want the bot to make, between 2 to 100. Here it depends on your strategy and the risk you want to assume. In my case, I like to use a low frequency or more intermediate between 20-50 positions.

To finish creating our futures grid bot, we only need to indicate the investment we want to use for this bot and click on create.

With this, you will already have a futures grid bot, where you can generate a great profitability, although you always have to take into account the risk you assume when using this type of bots.

Once you have created it, you will be able to pause and resume it at any time if you see any change in the market. My recommendation if you have little experience using trading bots in cryptocurrency and futures trading, is to test different bots and configurations with small amounts, to see which strategies are more profitable. If you want to see different configurations and how I test some futures grid trading bots, don’t forget to subscribe to the channel.

The Futures Grid trading bot is a combination of grid and futures trading, which can bring grid profits to users when they go long or short, taking more risk and with more possible profit if they get it right.

I hope it has helped you to know more in detail how to create your own bot and have it ready to use. Remember that if you don’t have an account with KuCoin, just below you can create your account.