Now accessible for our Pakistani users, OKEx announces a next generation AI trading bot to improve trading techniques and make crypto convenient.
The crypto market heavily operates on the cornerstones of FUND and FOMO driving market volatility, liquidity, and opportunity for traders worldwide to profit, regardless of the market striving or stooping. While a larger part of the population is still coming to terms with the concept of blockchain and cryptocurrency, the other part, the niche set of highly skilled traders and HODLers are constantly on the lookout for convenient yet advanced crypto derivative tools including perpetual, swaps, margin trading, futures trading, and options.It all inches down to how good a cryptocurrency tool traders get access to.
OKEx offers a comprehensive suite of products and services. In addition to our extensive trading pairs, decentralized finance offerings and opportunities to generate passive income, we’ve now introduced a customizable trading bot to help you leverage a variety of automated and manual trading strategies.
The OKEx trading bot has three distinct modes: spot grid, iceberg and TWAP (i.e., time-weighted average price) — suitable for varying purposes and needs. The first mode, called spot grid, is ideal for traders of any volume hoping to lock in additional profits from asset volatility. You can determine the spot grid’s parameters yourself or choose the AI strategy, which is based on previous price movements.
The second two modes are intended for traders with larger orders. Both TWAP and iceberg orders use the bot to enter or exit a market where price slippage is a risk. These modes are ideal for those wanting to place big trades relative to the size of the chosen market. In less liquid markets — like those of smaller market-cap assets listed on OKEx — large trade sizes can potentially shift the price unfavorably. Therefore, these modes can be useful when placing such relatively large orders.
Trading with OKEx enables users to become masters of trading, by offering an ultra-high annual income with minimal effort. This unrivalled technology is unique to the platform and has seamless integration. The trader configures the requirements and how the bot will behave in the market. The bot will adjust to reflect the current market cycle, providing a minimalist experience for worry-free and smooth transactions.
And so with that, trading bots are definitely worth it if you are in need of a tool to carry out a high volume of transactions. With an array of prominent crypto trading options, the OKEx trading bot strategy can open doors to traders, through automating, managing and growing traders portfolios in the long term.
Needless to say, OKEx security systems are amongst the most solid in the market and are one of the very few exchanges that operate smoothly even during market fluctuations and system overloads.
Amidst a pool of exchanges in the market, OKEx stands out given its customer centric approach, high volatility and secure user interface. Don’t just take our word for it, do test the exchange out for yourself, pursue avid research, and select the one that fits your needs and supplements your understanding levels well.
The tutorial below covers all three modes as well as instructions for accessing and using the OKEx trading bot.
