What are OKX's crypto trading bots and how do I utilize them?
Navigating the complexities of the cryptocurrency market can be challenging, but our crypto trading bots provide a solution. These automated tools are designed to execute trades based on predefined strategies, helping traders manage risks and capitalize on market movements. Let's explore what our trading bots are, how they work, and how you can leverage them to optimize your trading strategy.
What are OKX EEA's trading bots?
Here are all of our different trading bots, each based on a different strategy:
Spot grid
Spot DCA (Martingale)
What's the Spot grid trading bot?
The spot grid bot works by setting price levels between an upper and lower limit that your choose. When the price of the asset rises to one of the grid lines, the bot automatically sells. If the price drops to a grid line, the bot automatically buys.
How the Spot grid trading bot looks on the app
You can either set the grid parameters manually for full control or use the AI strategy, which relies on past price movements and back-tested data to increase the chances of profit.
Now, you can set up to 500 grids—an upgrade from the previous 300—thanks to a dynamic order-hanging mechanism, helpful front-end prompts, and grayed-out logic orders with tooltips, all while keeping the UI clean and efficient.
Learn how to use the spot grid trading bot here.
What's the Spot DCA (Martingale) trading bot?
The Spot DCA (Martingale) trading bot helps traders buy specific assets at set intervals, spreading their purchases across different price levels. Essentially, traders can use the DCA strategy to buy when prices are low and sell when they reach a take-profit target or when the price is high.
How the Spot DCA (Martingale) trading bot looks on the app
While the DCA strategy is popular, our Spot DCA (Martingale) trading bot offers more flexibility. Users can choose when to enter a trade using technical indicators, and they only need to reserve the minimum funds required to start (Initial Order + First Safety Order). Additional funds can be added later as needed.
A special feature called Continuous Trading Cycles allows the trading bot to keep running, buying during dips and selling during rebounds, or starting new trading cycles after hitting the take-profit target.
Learn how to use the Spot DCA (Martingale) trading bot here.
How can I access OKX’s trading bots?
On the app
Head over to Menu > User Center option at the Home page
Select Menu at the Home page
Select Bots to explore our selection of trading bots
Within the User Center section, select Bots
Trading bots page loads up and it's ready to be explored
On the web
Hover over the Trade menu and select the Spot option
Select Spot from the dropdown menu
Access trading bots under the Tools option
Select the type of trading bot of your preference from the Tools option