Question 1

What’s OKX trading bot?

Accepted Answer

Trading bots are automated software programs that execute trades on your behalf based on specific parameters and rules that are configured by you. There are multiple types of trading bots offered on OKX — all come with risk that you should carefully consider before trading. Please note that it’s your responsibility to ensure all bot settings are configured correctly, as incorrect inputs may result in unexpected outcomes. Trading bots don’t guarantee profits and carry inherent risks, including but not limited to the potential for losses due to market volatility and unforeseen market changes.

Question 2

What’s Bot Marketplace?

Accepted Answer

A collective place for OKX traders to share their grid, DCA, smart portfolio, and recurring buy bots. Regular users can easily copy the parameters of excellent strategies.

Question 3

What is Signal Marketplace?

Accepted Answer

The Signal Marketplace offers users a selection of premium signals from top global providers. Users can effortlessly subscribe to these signals with a single click and automate their transactions.

Question 4

What’s spot grid bot?

Accepted Answer

A spot grid bot is a trading bot that you can customise and deploy to automatically place buy and sell orders at set intervals and within a specified price range. The aim of the spot grid bot is to systematically buy at lower prices and sell at higher prices within a specified price range. As with all bots, there’s no guarantee that this aim will be achieved. The bot will only operate according to the parameters you set. The term grid refers to the intervals between trading levels where these orders are placed.

Question 5

What’s futures grid bot?

Accepted Answer

Futures grid bot works by the simple strategy of buying low and selling high. After the user sets the parameters, the system divides the small grid to automatically place the order. As the market fluctuates, the bot buys low and sells high to earn fluctuating returns.

Question 6

What’s spot DCA bot?

Accepted Answer

A spot DCA Martingale bot is a trading bot that allows you to purchase crypto at multiple price levels and aims to sell it for a profit if your target is reached. This bot aims to help you achieve a better average buying price by automatically placing additional buy orders when the price falls. If your profit target is reached, the bot automatically sells your crypto holdings. As with all bots, there is no guarantee that this aim will be achieved. The bot will only operate according to the parameters you set.

Question 7

Is OKX Trading Bots free?

Accepted Answer

All our bots are completely free to create and use. However, when your bot places trades, OKX's standard trading fees apply, and these fees are automatically deducted with each trade. If the bot makes frequent trades, like in low liquidity or highly volatile markets, these fees can add up over time and may affect your overall returns. Keep this in mind, especially if your bot is set up for frequent trades, as it could impact your overall returns.

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