Automated Rebalancing Trading Bot Guide By BitKan Crypto Exchange
Why trade manually when you can use an automated bot to do the work for you?
The rebalancing trading bot executes a rebalancing strategy with two selected assets in an initial fixed ratio. After setting a threshold for adjustments, the rebalancing bot will then automatically buy low and sell high, rebalancing both assets to original fixed ratio when market fluctuations breach the adjustment threshold. The trading strategy buys and sells fixed proportions of crypto to keep the ratio of chosen assets in balance.
How To Launch Rebalancing Trading Bot?
Step 1. Prepare Bot Trading Wallet With Coins
● Find out how to buy cryptocurrency with fiat currency
● Find out how to deposit coins onto BitKan
Step 1A. On BitKan APP, click [Trade] at the bottom right of the APP. Next, click on [Bot] on the top right of the APP. This is the page where you can select your preferred bot trading strategy. Currently, there are 4 bot trading strategies on BitKan: Interval Grid Trading Bot, Infinite Grid Trading Bot, Two-Way Grid Trading Bot, and Rebalancing Trading Bot.
Step 1B. In this example, we will use the Rebalancing Trading Bot. Select [Rebalancing] to proceed. There will be a brief overview of the selected trading strategy. It is advisable to read through what the rebalancing bot is, and its defining features. Next, select [Create] once you have understood the details of the trading strategy.
Following are the definitions of each parameter:
Congratulations! You have learned more about rebalancing trading bot, and how to complete your first rebalancing bot trade on BitKan!
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