A Comprehensive Guide to Setting Up AI Trading Bots on HashKey Global

If you are interested in automated crypto trading on Hashkey, you will be disappointed to learn that automation options here are quite limited. It is certain that you won’t be running a complex system like an AI crypto trading bot on this particular platform. On the other hand, there are ways to make some operations fully automatic.

Why should you be interested in Hashkey bot integration?

This CEX offers an excellent selection of services to crypto enthusiasts who want to build a balanced portfolio. With a respectable $41 million 24-hour volume and over $27 million in reserves, this is a reliable exchange that can be used for all sorts of investment activities. Coingecko rates the trustworthiness of the company as 10 out of 10 which is one of the highest ratings on the website.

Below are some services offered by the company:

• You won’t find any HashKey exchange automated tools but the API is functional and grants access to the spot and contract market. The issue here is that you will either need to hire an experienced programmer to write a custom application or spend a lot of time trying to set up HummingBot or GunBot. Thankfully, the development team has a sandbox feature allowing users to test their apps before running them on live servers.
• The spot market is quite impressive considering the size of the exchange. Currently, you can work with 67 different digital assets paired against UDT. The biggest chunk of the volume is generated by the BTC/USDT pair (79%) followed by COMP/USDT (12%). All other assets are responsible for roughly 7% of the volume. On the spot market, the average spread is 0.827% which is a healthy number for an active exchange.
• Better terms for experienced veterans and high-rollers. The website offers additional benefits to retail traders with VIP status. It also has a special section with promotional campaigns where users can compete against each other and claim various prizes from the CEX. The referral program is another way for professionals to collect rewards.

One of the problems with the platform is the lack of free trading bots for HashKey that are embedded in the architecture of the service. Many companies like Azbit offer their clients grid bot crypto setups for their derivatives or even fully automatic Martingale strategies on top of diverse social marketplaces with hundreds of lead traders.

Several surveys of the market indicate that up to 65% of all retail traders use robots for various purposes from standard DCA buying to massive ventures like statistical arbitrage systems. A CEX that does not provide the necessary technological foundation to run these strategies may not survive far into the future.

How to set up a HashKey trading bot

Customers of the exchange can use several tools to run an ATS on this CEX. The selection is quite limited yet still offers some useful functionality that significantly improves the user experience and investment outcomes in the long term. The only way to go about the automation issue is by connecting an application to the platform via its API gateway.

There are three main ways to use HashKey trading software with robots:

1. You can use an independently procured application from GitHub where power users often make public their scripts that can be used to automate trades. The problem here is that you need to test these systems before applying them to the real market. Unfortunately, this exchange does not offer mock accounts. Setting up a connection between a no-name app and a CEX can be a massive headache.
2. GunBot is one of the most versatile tools out there. It is a SaaS that has a client capable of connecting to decentralized and centralized platforms. The API functionality is quite flexible allowing users to connect to any CEX. However, since this particular exchange does not offer compatible code packages, setting up HashKey trading automation with GunBot can be incredibly frustrating if you do not have any experience in coding.
3. HummingBot is far from being user-friendly. It is an open-source instrument that can automate a variety of strategies and has the necessary functionality for advanced ATS building. The problem is onboarding. HummingBot looks like an MS-DOS application from the early 1990s. It works better and has some graphical elements but newcomers will feel confused! Navigating the UI and trying to set a connection without an in-depth HashKey exchange bot guide for HummingBot will be close to impossible.

The automation industry has many excellent providers that deliver outstanding user experience and allow their users to build sophisticated investment methodologies that can outperform human traders. However, these vendors do not support all CEXes in existence. Unfortunately, the best strategies for HashKey trading bots are offered by companies that are not integrated with the exchange.

The three options mentioned above are insufficient to create a massive system that can fully automate portfolio management. However, they can be enough to engage in market making, scalping, and simpler setups like DCA or grid.

HashKey exchange bot guide

We will explain how to install the HummingBot client on your local device and prepare it for use with any CEX. The process is quite simple right until you need to launch the app for the first time. Below are the steps you need to take to install and get started with HummingBot:

1. Go to the official website of the project at hummingbot.org.
2. Click “Install HummingBot” and choose the installation source.
3. After downloading and unpacking the files, find the executive file.
4. Launch the app and type “conda activate hummingbot” to ensure that conda is working.
5. Type “./compile” followed by “./start” to launch the application.
6. Create a strong password. It is stored on your PC and won’t be sent to the internet.
7. When you are ready, you can type “connect [exchange_name]” to reach the API gateway.
8. You will need an API key that is usually available on the account management page.

Note that you won’t be able to use trading tools for HashKey exchange immediately since HummingBot has only a handful of CEXes supported right from the get-go. To connect to a CEX, the application will need a connector which is a code package containing the necessary instructions to inform the internal logic of the app on how to establish a connection. Supported standards are CLOB and AMM.

AI trading bots for HashKey Global

One of the biggest downsides of this exchange and its lack of integration with various automation providers is that users of the CEX cannot access powerful systems powered by artificial intelligence. It is not a simple automated trading bot performing predetermined tasks. Products created with machine learning are much better at pattern recognition and basic predictive analysis making them excellent for financial markets.

While it is impossible to run the best AI trading bots for HashKey given the current state of the exchange and its lack of integration with third-party service providers, it is important to be informed about these incredible tools. Below are three exciting products that are changing the way we think about automation.

• CryptoHopper’s smart grid system is all about real-time adjustments of existing positions and trading parameters according to the changing market situation. The robot tracks the market and reacts to minute changes in price action to make corrections and optimize potential profitability. It is a great improvement of a strategy that has been around for ages and has already established itself as one of the most consistent and reliable.
• Algosone is an interesting product that still needs additional testing and data to analyze its actual performance. This robot uses generative AI to analyze texts and receive data from sources like news stories, social media, and manual inputs. The training is done using the historical market data. The model tries to predict the market sentiment based on the general information available to the public and affects how other traders behave.
• WunderTrading is a great automation vendor known for its innovations in the sector. While many users come to the platform to use its superb social components and custom ATS setups, they quickly learn that the company has much more to offer. Among many novel offerings in the catalog of WunderTrading, the AI-assisted statistical arbitrage system stands out as a powerful portfolio management tool capable of generating profits and protecting assets from various market risks. Just like any other product enhanced by neural networks, this one still needs additional testing. However, it works well even in its current iteration.

These are some of the best options in the world of automation. These cannot be used on the exchange in question. However, there are ways to utilize the power of machine learning and neural networks without working with specialized vendors.

Guide to using AI bots on HashKey

It is impossible to deploy a system powered by artificial intelligence directly. Nonetheless, you can use several platforms to still apply machine learning to your trades:

1. Signals from specialized companies training their models on historical market data. For instance, AI Signals is a company that sells alerts generated by their smart system and verified by experts. It is a good product for newcomers who may lack the confidence and skills to get started without any assistance from experienced professionals.
2. Use GunBot to write strategies. This platform has a proprietary LLM that understands natural language and can create scripts for TradingView and itself based on requests from users. You can simply describe what you want your system to do and the LLM will write it in the form of a usable script. Apply it to your strategy, start generating signals with it, and trade manually.

These two options are inconvenient for an average investor as they require time and dedication on their part. It is much easier to launch a DCA bot crypto setup with just one click on WunderTrading and let the robot “cook”. Unfortunately, the HashKey Global exchange does not have any alternatives. You simply have to wait until it integrates with a reliable automation provider or implements some basic automation features.