Bitget, one of the leading cryptocurrency derivatives trading and copy-trading platforms, has launched an artificial intelligence-based feature for strategies in grid trading. 

Grid trading is a strategy that uses trading algorithms to automate users’ trades. It includes trading algorithms that place buy and sell orders in a given price range at specific time intervals and follow a “buy low, sell high” strategy to execute trades;

In the volatile cryptocurrency market, grid trading bots help eliminate emotional decision making and efficiently execute a pre-planned strategy, saving time and increasing efficiency.

Grid trading strategies involve analyzing historical data to identify market trends and optimize trading parameters for specific market cycles. While grid trading has traditionally been accessible to experienced traders, the integration of AI allows newcomers to utilize this strategy without extensive knowledge in this area.

“The new feature is in line with Bitget’s goal of providing users with the tools to trade smarter. As a leading cryptocurrency exchange, Bitget will implement artificial intelligence in a secure manner to help traders generate more robust strategies and maximize their returns.”          

Bitget’s artificial intelligence feature offers benefits for beginners and experienced traders alike. Users can choose from a number of AI modes, including “conservative,” “safe,” and “aggressive,” catering to different risk appetites. 

Conservative algorithms are designed for risk-averse novices, while safe algorithms target balanced, risk-neutral investors