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In this video, we'll discuss trading bots for automated cryptocurrency trading on Bybit. There are 4 types of bots: DCA, spot, futures martingale, and futures grid bot. The DCA bot is for auto-investing and won't be used for earning; it's only for more advantageous entry into trades. The futures martingale is too risky, and I don't recommend beginners use it. Here, we'll focus on the spot grid bot. We select the currency pair, configure the bot, and launch it. The bot trades within a certain price range, creating grids of orders for buying and selling. The bot follows the strategy proposed by the exchange, but manual adjustments can also be made. Let's consider the main parameters, such as Price Range and number of grids. Price Range is the values within which the bot will trade, and the number of grids is the number of simultaneous trades.
After creating the bot, we can track the results on the home page.
Let's also look at the futures grid bot. It can trade not only on the rise but also on the fall and in sideways markets (flat). We configure the bot the same way as the previous one, and here we can also set additional parameters such as Take Profit and Stop Loss. After creating the bot, we can monitor its trades on the home page. If necessary, the bot can be deleted, returning the funds to the balance.
With these settings, you can earn a stable income from trading, and if you want more risk and consequently more earnings, you can add small leverage (not exceeding 5). Trading with bots on the exchange can bring decent, stable results.
Keywords: trading bots, Bybit, automated trading, cryptocurrency, DCA bot, spot grid bot, futures grid bot, martingale, risk management, stable income.