Copy Trading - Gate.io trading bots overview
Gate.io offers its traders the option to use a number of different types of trading bots. You can find Gate.io trading bots under Copy Trading menu item.
The best part about gate.io trading bots is that you have two main options for using a trading bot:
- You can copy someone else's trading bot. You can see how well it has performed over time. If you use copy trading option, you pay 5-30% of your final profits to the bot creator.
- You can create your own trading bot. And whenever someone copies your trading bot, you can get 5-30% of their profits. You can choose the percentage you ask yourself when creating the bot. But keep in mind that there are thousands of bots running, so in order for someone to copy your bot it really needs to show good results.
Are gate.io trading bots safe?
Trading cryptos is very risky and the same applies also to trading bots, as they execute trades based on a set of rules.
Which is the safest type of trading bot in gate.io?
In our opinion the safest trading bots in gate.io are Smart Rebalance bots - they base the trading decisions on simply the proportionality of the cryptos in your portfolio.
For example, if you set the bot rule to always keep the balance of two cryptos at 50%, then when the price of one crypto rises and the proportion of one crypto is now more than 50%, it sells part of that crypto holdings to buy more of the other crypto to keep the balance still at 50%.
Smart rebalance bots are known to produce better results in long run than simply HODLing, but obviously it also depends on the cryptos you have in your portfolio.
If one crypto goes up by 50% over time and the other crypto goes down by 90%, you're still losing money.
But you're losing on average less than you would have with no rebalancing.
Different types of trading bots in gate.io
Gate.io offers a number of different trading bot options for you to choose from. And you can always either create your own bot or copy someone else's bot. Using the bot of someone else makes sense if you see that their bot has performed very well over time.
But keep in mind - bot historical performance doesn't guarantee its future performance.
So what type trading bots does gate.io offer?
- Smart Rebalance bots - read our gate.io smart rebalance trading bots case study here
- Spot trading bots
- Future Grids bots
- Unlimited Grid bots
- Margin Grid bots
- Spot-Futures Arbitrage
- MACD bots for spot as well as perpetural contracts
- MACD-RSI bots for spot as well as perpetural contracts
- Double Moving Average bots for spot as well as perpetural contracts
- Dual Average-RSI for spot as well as perpetural contracts
- Bollinger Bands for perpetual contracts
- ADXcloud for perpetual contracts
- Custom Strategy bot
Things to keep in mind when using gate.io trading bots
Whenever you use a trading bot, be it gate.io bot or anything else, you need to be aware of the risks. And that's number one thing to keep in mind.
Another thing to keep in mind when using the trading bots in gate.io is the trading fee.
Gate.io default trading fee is 0.2%. That goes down to 0.15% when you pay for fees with GT crypto.
Your exact fee level depends on the amount of trading you do within any 30-day period and it can go very low in case of high trading volume.
You can also buy Gate.io points which can bring the trading fee down further by up to another 70%.
So whenever you use gate.io trading bots, you need to consider the trading fee and make sure you don't spend more on trading fees than the trade is actually worth.
Trading bot backtesting - what does that mean?
For some bots in gate.io you can also use gate.io bot backtesting feature.
This can show you how well the trading bot could have performed based on historical price movements.
Backtesting can be used only on CTA Signal Tracing Perpetual Contracts crypto bots.
As always, historical results do not guarantee future returns, but it can show you how well your bot could perform under certain market conditions.
Gate.io trading bots for the beginners
We recommend beginner traders to stick to as simple trading bots as possible.
And for us these are Smart balancing trading bots, because these trading bots are sort of foolproof. Although, still, if you buy a dead coin that keeps going down, you'll still be losing money.
Another good typo of trading for for beginners is Spot Grid bot. This might be good for beginners because the basics of grid trading bot are simple enough.
Gate.io trading bots for maximum return
For maximum return you might want to look into gate.io bots with leverage. Leverage means that you can trade for more money than you actually have.
But whenever you're trading with borrowed money, you also need to keep in mind that while you can earn more, you can also lose more and faster than normally.
What else should you know about Gate.io Copy Trading option?
What is the minimum investment to start a trading bot in gate.io?
Can I use my existing cryptos in new gate.io trading bots?
How can I withdraw funds from my trading bots?
Do I still earn commission from terminated trading bots?
How much profit can I earn from people who copy my bot?
Earning money with gate.io trading bots
Can gate.io trading bots actually help you earn more money?
Definitely.
But obviously, using trading bots is nothing guaranteed, and you should only trade with money you can afford to lose.
How much can you earn with gate.io bots?
There are numerous trading bots there that show more than 500% ROI. So you can actually make a lot of money with Gate trading bots.
One of the most copied trading bot right now is Spot Grid Trading bot that trades SHIB and USDT.
During the 344.2 Days it has been running, the bot has made 4985 trades and its total return to date is 739.20%.
The money the bot creator invested in the bot was 676 USDT and the total return during the year it has been running is 5004 USDT.
Obviously, that's just one very nice example, but it does show how much a trading bot could make you money.
That being said, there are also thousands of trading bots which are losing money.
But if you manage to create a profitable bot and also get many people to copy it, you can actually earn a lot with gate.io copy trading.