KuCoin Trading Bot Guide with Coygo

Crypto traders have a number of choices when deciding which exchange to use, and KuCoin has remained at the top of that list. Many traders like KuCoin for their low trading fees, high volume & liquidity, and the large number of trade pairs.

KuCoin also offers a few pre-built trading bots that anyone can use, such as their “Smart rebalancer”’ bot and the “Spot grid” bot. Most crypto day traders will eventually explore the idea of using trading bots to automate their trading. With bots you can trade 24x7 without any emotional attachment, instead allowing software to trade on your behalf given a set of rules that you decide.

But what if you want to use a different automated trading strategy? Maybe you want to try crypto swing trading or arbitrage? Well there is a solution for you that will allow you to create and run a number of different trading bot strategies on KuCoin beyond what KuCoin offers: Coygo Bots.

In this guide we’ll show you how to create trading bots on KuCoin using Coygo Bots for swing trading, market making, or even fully customized strategies using JavaScript code.

Why Use Trading Bots?

Humans can only do so much at any given time. Monitoring charts all day and responding to opportunities within milliseconds simply isn’t possible when trading without automated bots. Crypo trading bots allow you to define your trading strategy and then let software execute that strategy with perfect precision.

Do Crypto Trading Bots Work?

Crypto trading bots do not guarantee success or profit. If your trading strategy doesn’t work, automating it won’t magically make it profitable. What trading bots do is simply reduce your need to participate. Trading bots also allow us to test our strategies using things like “paper trading” though, so they can greatly reduce the effort to find a successful strategy.

Why use Coygo Bots with KuCoin?

As mentioned previously, KuCoin does offer a few trading bots for their users. So why would you use Coygo Bots instead?

Coygo Bots provides the same trading bot strategies that KuCoin offers, such as the “Spot grid” bot and the “Smart rebalancer” bot. On top of that, Coygo also offers a number of other bots for day traders. For example, Coygo offers a “Ping pong swing trader” strategy for swing trading as well as a “Triangular arbitrage” strategy.

You can see a full list of all available trading bot strategies in Coygo Bots on the “My Strategies” page.

Coygo offers a secure solution as your exchange credentials (API keys) are only stored encrypted on your hard drive, not Coygo’s servers. Coygo’s trading bots can also be used on most exchanges including Coinbase Pro, Binance and Kraken. All Coygo’s strategies are also open source so you are free to view or even modify their JavaScript code!

Getting started with Coygo Bots and KuCoin

First you will need to create a Coygo account and download Coygo Terminal, a desktop application for macOS, Windows and Linux.

Next you will need to connect your KuCoin account to Coygo Terminal. You can do this on the “Exchanges” screen. You will be shown a guide to create an API key that will allow Coygo Terminal to access your account. (Don’t worry, Coygo’s servers never have access to your accounts).

Now that you’ve connected your KuCoin account you can start creating and running your own trading bots!

Create a crypto swing trading bot on KuCoin

Let’s create a swing trading bot on KuCoin. If you’d like to learn more about swing trading please read our Guide: Master Crypto Swing Trading With Automated Bots.

Coygo Bots has a “Ping pong swing trader” strategy that alternates between buying and selling to “ping pong” back and forth as the price moves. It buys when the price drops by a configured percentage within a specific time period, then sells at a configured percentage above that buy price. This strategy will try to increase profits by following a market trending upwards or downwards before buying or selling, with stop-loss and take-profit triggers in place to lock in profits and avoid losses.

On the “My Strategies” page you can select this strategy and click “+ Create Bot” to create your own swing trading bot on KuCoin!

For an in-depth step-by-step guide and accompanying video please see our other post: Make a “Ping Pong” Crypto Swing Trading Bot With Coygo.

Create a triangular arbitrage trading bot on KuCoin

Coygo Bots also offers a triangular arbitrage strategy. Triangular arbitrage is a trading strategy that aims to exploit price differences between different assets for a profit through a triangle of three trades. For example, you may start with USD and buy BTC, then buy LTC with BTC, then sell LTC for USD. If the rates have changed to create a profitable cross rate you can use that to your advantage.

You can create your own triangular arbitrage trading bot on KuCoin by selecting “Triangular arbitrage: 1 exchange, 6 paths” on the “My Strategies” page of Coygo Terminal and clicking “+ Create Bot”. Then you can configure it to whichever trade pairs you’d prefer.

For a complete walk through and accompanying video please see our guide: Create a “Triangular Arbitrage” Crypto Bot With Coygo.

Code a Custom KuCoin Trading Bot with JavaScript

Coygo Bots includes a lot of trading bot strategies including arbitrage, swing trading, grid trading and market making, but some traders have a specific strategy they want to automate. If you’d rather code your own fully customized trading bot strategy for KuCoin you can do so with Coygo Forge. All of the strategies available within Coygo Bots were created with Coygo Forge and you are free to copy or modify them. Coygo provides extensive learning materials to get started coding your own crypto trading bot. If you’d like to learn more please see How to Code a Crypto Trading Bot with JavaScript & Coygo.

Final Word

KuCoin trading bots can help to capitalize on trading opportunities and remove human emotions. Experts and day traders will surely want to try automating their strategies to better react to market changes and never miss a signal.

When it comes to KuCoin trading bots, a trader can implement several different trading strategies such as arbitrage, DCA, HODL, accumulation, triggers, scalper, smart orders, grid, sandwich, market making, portfolio management, and many more. While KuCoin does offer a few simple bots, with Coygo Bots traders gain access to an even larger library of strategies. It’s up to you to find what works best for you and your personal risk level.