How to Use the Binance Trading Bots Landing Page

2022-06-16 04:01

Binance’s Trading Bots Landing Page aggregates Grid Trading, DCA, Auto-Invest, TWAP, and VP bots, and other automated algorithmic trading features.

The new landing page also provides a comprehensive overview of Spot Grid Trading strategies, along with their performance and popularity amongst users, allowing traders to quickly replicate their parameters.

1. How to access the Trading Bots Landing Page?

Log in to your Binance account and click [Trading Bots].


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2. What features does the Trading Bots Landing Page provide?

Binance provides quick access to a range of automated trading strategies via the Trading Bots Landing Page. You can also check Bot Marketplace rankings, filter trading bot strategies using different criteria, and get free educational resources from the Strategy Academy.

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Trading Bots List

1. Spot Grid

Spot Grid Trading is a trading bot that automates the buying and selling on Spot trading. It is designed to place orders in the market at preset intervals within a configured price range. Binance Spot Grid Trading performs the best in volatile markets when prices fluctuate within a specific range.

2. Spot DCA

Dollar-Cost Averaging (DCA) is an investment strategy that involves buying and selling an equal amount of assets regularly at different price points. It aims to achieve a better average price for the selected trading pair and reduce the impact of market volatility.

3. Auto-Invest

Auto-Invest is a Dollar-Cost Averaging (DCA) investment strategy that allows you to automate crypto investments and grow your crypto holdings. You can choose the cryptocurrencies you want to purchase on a daily, weekly, bi-weekly, or monthly basis.

4.Algo Order

Algorithmic orders are trading order strategies that automatically execute trades based on predetermined conditions and parameters set by users.

Traders commonly use algo orders when executing large orders or potentially illiquid trades. High trading volume can indicate increased market activity, liquidity, and interest in a particular security or market – which may impact the asset’s price movements.

Algo orders can break large orders into smaller ones faster than traders can do manually. Smaller orders are also less likely to disrupt the market, reducing the risk of price volatility and liquidity.

3. How to visualize grid trading strategies’ performances and popularity via the Bot Marketplace?

The Bot Marketplace features top bot trading strategies on Binance Spot. You can replicate their parameters to build your own trading strategies.

You can filter grid trading strategies, view the strategies’ ROI, PnL, or Popularity, and replicate the parameters to create a similar bot trading strategy.


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Bot Marketplace data updates

The Bot Marketplace data is refreshed hourly and will only display strategies that are

currently active.

To view each bot strategy’s performance, you can refer to two key metrics:

1. ROI (Return on Investment)

ROI = PNL / Investment

  • For Spot grid strategies, investment refers to the total amount of assets committed to the creation of the grid.

2. PNL

PNL refers to the total profit or loss generated by a trading strategy over a period of time.

Spot grid strategy PNL = Current Value - Total Investment

  • Current value: The total value of assets allocated to the current strategy.
  • Total investment: The amount of assets used to initiate the grid strategy.
  • Matched PNL: The realized profit of filled grid orders that are matched by one buy-order and one sell-order.

Note:

  • For grid strategies operating in the master account, Funding Fee is not included in the PNL calculation.

How to filter grid trading strategies?

  • Markets - Select a trading pair
  • Directions - Neutral, long, or short
  • Runtime - Choose between seven time intervals
  • ROI - Choose an ROI interval
  • Zone - Specify symbol categories (e.g., CEX, DEX, Layer 1, Metaverse, NFT, etc.)

3. How to replicate/customize grid trading parameters on Spot Grid?

Click [Create] to display the order and its shared parameters.

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Please note that parameters can be adjusted.

4. How to visualize trending pairs and volatility under the Hot Coin Leaderboard?

Top 10 Trending Markets

The Trading Analytics tab displays the top 10 trending asset pairs by the number of strategies running.

You can quickly look at the symbols with the highest number of grid orders and set up a grid trading strategy by clicking [Create].

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Top 10 Volatility

You can also view the top 10 trending asset pairs by volatility, which is a crucial indicator for users deploying grid trading strategies.

The volatility % is calculated based on the symbol's hourly closing prices over the past 30 days.

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