The cryptocurrency exchange Bitget has added grid trading using artificial intelligence (AI) to the “Trading Bots” section. This is reported in the platform’s blog.
Grid trading comprises strategies for trading in a volatile market without a clear trend, relying on identifying patterns in a large body of historical data.
The user places buy and sell limit orders within a defined price range. When the asset’s price moves sharply, the orders are executed and profits are earned.
According to Bitget Managing Director Grace Chen, the integration of AI into grid-trading bots has simplified information analysis for novice traders:
“The financial sector has long used AI to create sophisticated trading strategies. We also want to make them accessible to our clients. Bitget will continue to integrate artificial intelligence into its services to provide traders with useful tools and improve their user experience.”
Depending on risk tolerance, Bitget clients can choose three modes of grid trading:
- Conservative — for beginners who want to minimise risk;
- Safe — for investors who prefer balanced trading;
- Aggressive — for experienced traders who execute many trades in the market with a view to maximising profits.
Bitget — a cryptocurrency exchange for spot and futures trading, P2P and OTC deals, as well as passive earnings from Bitget Earn products. The platform is actively developing tools for social trading — a copy-trading service and a venue for publishing trading ideas, Bitget Insights.
Earlier, Bitget launched a Martingale trading strategy using AI. It enables automatic investment in cryptocurrencies with leverage up to 100x.