A trading bot is essentially a computer program that trades on your behalf.
It executes buy and sell orders for you, and you can basically trade while you sleep.
And remember, with all forms of leveraged trading, there are risks involved.
Always practise risk management.
The market needs to move in your favour for these AI bots to work well for you.
Today, I’ve chosen Bitget.
They’ve got a nice selection of bots, and it’s really simple to set up and use.
What I’m going to do is click on the bot icon at the top of the screen and go to Overview.
Then, you’re going to highlight the bots that you’re interested in.
I’m going to choose the Futures Martingale strategy today for this example.
This one automatically sets orders lower down to increase my position size as the market pulls back.
As you can see, I’ve opened up a BTC bot which is ticking along very slowly at the moment, so it is making a little bit of profit.
Today I’ve decided to look at AVAX because I believe AVAX could potentially be moving up with the market in the next week or two.
As you can see on the right-hand side, we’ve got a whole selection of AI bots that have been set up.
They have various categories, from aggressive to more conservative.
You get a balanced approach and a conservative approach.
I’m going to use an aggressive bot today.
The aggressive bots generally make the most money, and they carry the most risk.
I’ve highlighted the AVAX bot now.
As you can see on the screen in front of you, there are various orders set up lower down.
The Martingale strategy is effectively a strategy where it adds to your position if there are drawdowns in the price or the price pulls back.
TRADING BOT NOTES
As you can see, AVAX over here has added five orders lower down.
If AVAX moves lower, it’s going to buy all the way down to 19.9 in this example.
Then it’s going to ask me how much I want to put into the position.
Today I’ve opted to put in $11,000.
You type in your amount here and click “Create”, then click “Confirm”.
Now you can see the bot is ticking along.
Next, we want to adjust our stop-loss and our take-profit areas.
Go over here where it says “TP/SL”.
Remember, the take-profit is the price where you want to sell when the price gets to a certain level.
I’ve plugged in 20%.
The stop-loss is the area where you want to exit the position in case the trade starts going against you.
For this example, I’ve chosen 6%.
The reason I’ve chosen 6% is because it’s under the previous low over here.
You can see this deep candle from the 21st of November.
Under that candle, the price is around 8.8 to 8.7.
My stop-loss at 6% will exit my position around 8.7.
And that’s it.
We’ve successfully set up our first AVAX Martingale trading bot on Bitget.
You can see we’re four days into this trading bot, and we’re already up 20%.
This shows the power of the Martingale strategy—especially when the market is moving in your favour.
