While you won’t be able to run an AI crypto trading bot or something on the same scale when using this CEX, it is possible to create a solid automated trading system (ATS) with tools available natively. On the other hand, an AI trading bot for BigONE can be a great tool for many experienced crypto investors. If so, you will have to migrate to another CEX supported by one of the industry-leading automation providers like WunderTrading or CryptoHopper.
We will discuss how to deploy efficient robots, use copy trading to great success, and create a well-performing portfolio using instruments available on this exchange.
Why do you need an automated trading bot for BigONE?
This exchange is among the best international trading platforms for crypto enthusiasts seeking diversity and flexibility in available financial instruments. BigONE has a good reputation with a solid 8/10 trust score from CoinGecko and has low fees of just 0.1% which is a big reason why many retail traders gravitate toward this CEX. You can use CNY as a fiat entry currency or make a deposit using USDT, BTC, ETH, EOS, or TRX.
Here are the reasons why this particular exchange is a good place to trade:
● The spot market features 144 coins forming 575 pairs, a diversity suitable for triangular arbitrage strategies and many other methods. The daily trading volume often reaches $1 billion with the most popular pair being BTC/USDT responsible for over 30% of all volume. The exchange has over $109 million in reserves and can sustain a solid level of user activity suggesting deep liquidity and excellent performance.
● Passive earning programs vary and offer a high degree of flexibility to all users interested in stable returns. For instance, the ONE Fixed 360Day product has a 4% APY on a variety of digital assets. Dual Investment is a floating income product that can reach incredible APYs but also carries an increased risk. Many of these programs can be an alternative to a grid trading bot for BigONE, which also focuses on delivering consistent returns.
● Various products for DeFi-oriented investors eager to explore the world of decentralized finance. Here, users can access the spot market, quick-swap section, liquidity mining, leveraged ETFs, and many other interesting financial instruments. It is a great choice for people who have some experience with DeFi and want to expand their portfolios to include some novel investment opportunities.
● Native automation features are quite good for a centralized exchange that does not focus on providing full-fledged robots to their clients. A BigONE bot for beginners is a simple copy-trading setup that allows users to copy the actions of vetted professionals featured by the exchange itself. However, you can also use the AI-enhanced quantitative strategy that also works with an impressive level of consistency.
These advantages make the exchange stand out from the crowd of competitors and deliver a great user experience. Crypto investors with experience will find the variety of investment options quite appealing while novices will enjoy special promotions like the 7-day USDT savings program with a solid 52% APY, easy-to-use copy-trading robots, and easy onramping through the PolkaDot ecosystem.
Choosing the best crypto trading bot for BigONE
The selection of native automation features is quite impressive and allows users to focus on automating their trades to remove redundancies and speed up the processing of orders. Crypto investors working on this exchange have access to a wide range of different automation tools so choosing something that will work for your particular case can be difficult.
Here are the options accessible by the clients of the CEX:
● The copy-trading section looks like any other similar platform. You have a list of lead traders from the CEX whose histories and trading patterns were verified by the CEX experts. You can follow them on the spot and futures markets to copy their actions as they become visible publicly. It is a good approach for newcomers who do not have any experience with cryptocurrencies and would benefit greatly from having someone lead them through the ecosystem.
● The AI-enhanced quantitative strategy is designed to optimize your investment activities and increase the profitability of trades. Standard systems act as the foundation for the AI assistant to make adjustments, suggestions, and corrections. You can use Futures Grid, Unlimited Grid, AI Rebalance system, and BOX DCA. The latter is the DCA trading bot for BigONE that focuses on 6 mainstream tokens and tries to maintain a consistent performance.
● Automation features in the smart terminal allow users to set delayed orders like stop-loss and take-profit and create other triggers for the terminal to execute certain commands. For example, you can set the price range that will trigger the terminal to buy or sell a certain digital asset or adjust the balance of assets you plan to invest in certain ETFs or futures. While you won’t have access to better customization options, these features are sufficient to automate many activities.
Note that setting a Bitcoin trading bot for BigONE is not hard but may not produce the results you want since AI-enhanced quantitative strategies are rigid and do not allow users to make immediate adjustments. Approaches like Martingale and Unlimited Grid may look great on paper but have a risk of magnifying losses under unfavorable market conditions.
How to get started with a crypto bot on BigONE
The exchange is known for its easy onboarding, informative terminal, and user-friendly UX design. You won’t have any trouble setting up a strategy for any digital asset.
Below is a simple step-by-step guide on how to get started:
- Go to the official Big.One website and register.
- Log in and go to the AI Quantitative Strategy menu in Trade (upper menu).
- Choose one strategy from the list available to users.
- Click “Create” to launch your own robot.
- Choose the target market from the list.
- Adjust AI parameters as you see fit and pick the period when they will be active.
- Choose the size of investable capital and click “Create Strategy”.
- The strategy must be launched manually from the account management page.
Note that you can also use custom parameters with standard options:
● Price Range defines the upper and lower limits of prices within which robots will operate.
● Grid Quantity is the number of positions that can be created using Arithmetic or Geometric progression.
● Invested Amount is the size of investable capital that will be used by the system.
You can also adjust trigger prices, take-profit, and stop-loss orders. If you click “Allow Copy Trading”, other users will be able to follow your actions and copy the trades made by your robots. This simple BigONE bot setup tutorial is all you need to go through to launch your first ATS on this CEX.
Other types of strategies require you to adjust parameters too. The process is quite simple and does not require users to have any specific skills or expertise. However, the flexibility of these robots is limited to several optimal setups that can produce profits reliably. In certain market conditions (i.e. high volatility or bearish trends), these ATS designs cannot deliver the same outcomes.
Other ways to set up a BigONE day trading bot
The automation sector is full of interesting solutions that can work for a variety of strategies. Third-party providers, independently developed systems, and open-source projects can be used successfully. However, many of these options require additional tinkering and coding to work as intended.
Here are other tools you can use to automate your trades:
● Third-party developers. Industry-leading companies like WunderTrading have massive arsenals of automation tools allowing clients to create advanced portfolios capable of operating under all market conditions. For instance, you can run a DCA trading robot to secure profits reliably or use the same distributed cost average approach to slowly increase the size of your portfolio and build wealth systematically.
● Open-source projects like HummingBot can be used to create a variety of strategies for the DeFi and CeFi sectors. This particular software is developed by a group of enthusiasts and backed by several centralized exchanges including Binance, KuCoin, Kraken, and some others. HummingBot regularly adds new supported exchanges and allows users to build CLOB connectors to manually connect to any CEX.
● Many power users of CEXes build their own automation solutions and make them public on GitHub. You can download a strategy if you like it and run it on any CEX since it only takes a couple of code adjustments to connect them to certain exchanges. In many cases, you will need some technical knowledge and coding skills to achieve the desired results.
A maintained GitHub repo may contain everything you need to run an ATS. However, the lack of robust technical background can significantly limit the potential of independently developed software when used by an unprepared user.
Which are the best automation providers?
With hundreds of companies offering their services to the community of crypto enthusiasts, finding the right automation vendor can be difficult even for veterans. We want to give you several examples of great companies that offer efficient and reliable robots:
● WunderTrading is a great choice for people seeking flexibility and variety without overpaying for the service. You can find everything here: custom ATS, ready-made strategies, AI-enhanced products, social components, TradingView integration, and more. It is an all-around excellent platform that allows users to create complex strategies while catering to experienced veterans and newcomers alike.
● TradeSanta is known for its massive library of ready-made strategies that can be launched with a couple of mouse clicks. This platform is all about experimentation, testing, and analyzing various ATS setups. TradeSanta is a good choice for people with some experience but without the necessary technical expertise and time to build their own solutions.
● 3Commas allows its clients to engage with the community through the social marketplace where they can purchase signals, strategies, and other products designed by power users and third-party providers. The copy-trading section is diverse and allows users to pick from hundreds of lead traders working on all supported centralized exchanges.
● GunBot is an interesting choice for crypto investors interested in exploring the world of decentralized finance since this provider allows users to automate operations on CEXes and DEXes. The AI assistant can be useful to investors who do not know how to operate an ATS. You can simply give the AI agent a task and it will produce the necessary strategy with specified parameters.
These are all good tools that can be used by contemporary crypto investors. However, none of them support BigONE bot trading strategies. Unfortunately, clients of this CEX are limited to native automation features and niche solutions like HummingBot.
The main takeaway
This exchange has a solid technological infrastructure and allows users to engage in a variety of AI-enhanced automated strategies. However, the lack of deeper ATS customization and integrations with other highly specialized providers may be a huge issue for some investors. If you want to run a very specific trading bot using a strategy on TradingView or automate signals, instruments available to the clients of this CEX won’t cut it.