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How Do I Find the Right Bot?

  • Updated

Tags

Bots are tagged with relevant information, making it easy to search and filter. Tags include:

  • Author: Who created the bot.
  • Directional Strategy: Whether the bot is long-only, short-only, or neutral.
  • Technical Analysis (TA) Tags: Specific technical indicators or strategies used (e.g., Bollinger Bands, RSI, or Grid).
  • Symbol: The asset the bot trades.

You can filter either by the search bar at the top, which will give you options to filter, or by clicking on a tag on one of the bots, which will show you a filtered list of bots that meet the criteria.

 

Bot Metrics

Each bot displays key metrics such as Total Users, Assets Under Management (AUM), Indicative ROI, and Indicative Max Drawdown (coming soon). These metrics help you evaluate the popularity, potential returns, and risks of using the bot.

  • AUM reflects the total USD value of the assets under management for all users running that bot.
  • Indicative ROI provides an estimate of the potential return on investment based on historical performance.
  • Indicative Max Drawdown shows the estimated maximum loss based on backtested data, helping users understand the bot’s risk profile.

 

Types

There are some meta types for bots that define, at a high level, what the bot will do:

  • Grid (Neutral, Long, Short): A grid bot places buy and sell orders at predefined intervals, creating a “grid” of orders above and below the current price.
    • Long Grids: These bots only place buy orders (bids) and require a take profit (TP) level to close the position.
    • Short Grids: These bots only place sell orders (asks) and also require a take profit (TP) level to close the position.
    • Neutral Grids: These bots place both buy and sell orders, aiming to profit from price fluctuations in both directions.

  • VWAP (Volume-Weighted Average Price): A VWAP bot calculates the average price of an asset, weighted by volume, over a specific period. The bot typically aims to execute orders at prices that are in line with or better than the VWAP, ensuring that trades reflect the true market value during periods of varying volume.

  • TWAP (Time-Weighted Average Price): A TWAP bot spreads large orders over a specified time period to reduce the impact on the market price. It places smaller orders at regular intervals to ensure the average price paid (or received) is close to the market average over the duration of the order.

  • Momentum: A momentum bot identifies and enters trades based on the strength of price movements. It typically buys when prices are rising and sells when prices are falling, assuming that the trend will continue. This type of bot is ideal for capitalizing on market trends but may involve more risk in volatile markets.

  • Other (Signal-Based): These bots open positions based on specific signals, such as technical indicators, fundamental news, or social sentiment. They often place market orders and react quickly to new data, ensuring trades are executed as soon as signals trigger.

 

Descriptions

The author of each bot can create a name and a short description for the bot. They may also include long-form descriptions and provide a TradingView chart to show the technical analysis (TA) that the bot is based on.

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