Bybit trading bot tutorial | How to set up a crypto trading bot 🤖
This video is a step-by-step guide on how to set up your first Bybit crypto trading bot. With no coding required.
To get started you will need a Bybit account sign up here partner.bybit.com/b/vusidesigner
What Is a Bybit Trading Bot? (Spot Grid)
Crypto trading bots are automated computer programs that can help you buy low and sell high place buy and sell orders at predetermined intervals within a predefined price range, to set up tour crypto trading bots you must specify the number of grids.
Once the crypto trading bot 🤖 is completed it will run 24/7 making money for you as long as the price is within the predetermined range
How Do Bybit Grid Bots Work?
You can set a series of buy and sell orders in either price direction, creating a trading grid of orders waiting to be triggered. When the Spot price hits your preset target, a buy order will be executed, and a sell order will be placed above on the next grid. When the price rises again to the next grid, the sell order will be executed, allowing you to profit from the price difference.