Crypto Beginner? Master AI Trading with Automated Bots

The sudden popularity of OpenAI’s ChatGPT turned an old idea of machine learning into a novelty for the whole world despite the fact that it was the third full-scale iteration of the large language model that made headlines. Today, the tech world geeks out about the possibilities of expanding the influence of expert AI systems into domains that were previously not affected by the hype around machine learning.

The world of finance did not become an exception to the rule. An AI trading bot is something that many contemporary retail traders are hearing from all corners of the fintech industry. However, only a couple of integrations seem to be working fine as of right now. The potential of the technology is huge, but practical applications are still far and between.

Let’s talk about two important developments in the world of trading automation and how AI trading bot shape the future of the industry. Should you start paying more attention to new AI technologies?

How to use crypto trading bots?

The process of automating your trading routines is not that complicated. While some people are trying to make desktop apps work, the vast majority of users moved on to SaaS products like the one offered by WunderTrading, a premiere trading automation platform. Sign up, subscribe, launch a bot, and make money. The scheme works like a charm.

Thanks to the advancements in the world of technical analysis, you can create fully automated trading systems that do not require any human oversight. While many of these new products are still rough around the edges and require additional development time, they have a potential to completely change the game for newcomers and people with limited trading experience.

Launching a trading bot in modern times requires just a couple of steps:

• You go to the WunderTrading website and sign up for the service.

• Connect your trading account on any of the supported centralized exchanges.

• Go to the Dashboard to select a preferred type of bot and create one.

• After setting it up, you simply launch the bot and sit back.

The process looks quite simple on paper and for many experienced users it is that simple. However, novices may struggle with choosing the right parameters or establishing an appropriate workflow allowing for testing and iterating. In theory, AI-assisted bots can solve this issue and streamline the process for many newcomers since many settings are chosen automatically by an expert artificial system.

AI trading bots for crypto beginners

Cutting costs wherever possible is the main goal of a smart investor. Profitability is volatile and depends on a variety of factors. However, some fixed prices can be reduced to raise the bottom line up even when the market is slow. We always suggest avoiding free AI crypto trading bots and free tools in general. They are often underdeveloped and require some technical expertise to even work.

It seems that AI trading bots must be more expensive than other types of automation products, but there are many ways for developers to significantly reduce the final price by using cloud computing for machine learning, deploying products within established infrastructures, and scaling up everything to reduce prices for individual users.

Contemporary retail crypto traders have an incredible opportunity right before their eyes and they only need to reach out!

Take a look at two newest products that are available to everyone:

1. AI-assisted statistical arbitrage systems. The WunderTrading platform is known for its innovative approach to developing new tools. Their expert AI system is trained on a large volume of historical market data. It is capable of managing a portfolio with hundreds of assets and adjusting market positions according to the current levels of volatility, trading volumes, sentiment, and trend strength. People who want to diversify and spread their capital across multiple promising crypto assets will find this product extremely useful.

2. New and improved GRID bots. Expert artificial intelligence can be used to enhance existing products such as GRID and DCA bots. Prices are always dynamic with periods of sideways movement occurring quite rare. It is especially true for the crypto market where all assets are speculative in nature. AI systems can monitor the market and make adjustments to GRID bot parameters to account for changing volatility, price ranges, and more.

Both of these systems are designed to produce passive income for investors. Many newcomers are trying to avoid intense investment options like day trading, scalping, arbitrage, and others. It is a wise decision since they can backfire horribly if you don’t have any prior experience with financial markets. However, these AI tools can help you get started without too much risk!

How to set up an AI trading bot for crypto

The WunderTrading platform streamlines the AI trading bot deployment process for all retail traders interested in these new products. Creating and launching bots is very easy and takes just a couple of minutes!

In essence, the way you set up an AI trading bot looks like this:

• You go to the WunderTrading’s dashboard and click AI Bot in the leftmost menu.

• In the new window, press “Create Bot” and choose CEX API and Asset Pair to use.

• Adjust the settings as you see fit with your preferences and risk style in mind.

• Launch the bot and monitor its performance in real time.

Note that we recommend starting slow and increasing your investments gradually. These AI products are still new and can have performance issues. Experiment with settings to find the best combination of parameters capable of producing the best returns in the shortest period.

The WunderTrading’s AI-assisted trading bot feature is still in development but produces good results in its current state. We suggest trying it out early to be well-equipped to use it when it is polished and trained on even more market data and past performances. Thanks to the diligent work of developers, the user interface is intuitive and allows for fast-paced experimentation, iteration, and deployment of high-performance AI trading bots!