Bots automate the actions that a user would typically perform manually. They rely on triggers, also known as signals, to tell them when to execute the buy and sell commands based on the conditionals users specify. These signals monitor coins' price movements based on API connections with the crypto exchange and then follow user commands when market conditions are met. It is possible to use multiple signals to create complex trading strategies that are very difficult to execute manually. Common trading bots are DCA bots, Grid bots, Futures bots, Options bots, Arbitrage bots, and HODL bots.

Using a cryptocurrency trading bot is the best way to trade crypto if you plan on doing anything other than buying and holding. The bots are constantly active, executing your strategy around the clock, freeing you from the burden of manually entering numerous commands on your computer. Using a Bitcoin trading bot, for example, allows you to automate buying the lows and selling the highs when the market is dynamic. Using bots allows you to have your assets working for you to seek opportunities and increase the value of your portfolio rather than sitting in storage.

If traders use the right strategies and settings, they can achieve significant portfolio growth through bitcoin or altcoin trading. Much depends on trading experience and strategy. With more aggressive trading, the income is higher, but the risks are correspondingly higher. With calmer trading, the income is lower, but the risks are correspondingly reduced. New users will likely experience lower success percentages as they learn more about how to do technical market analysis and how to fine-tune their bots to get better performance.

Automated trading has already been proven to work over the course of millions of trading bots. The key is choosing a reliable strategy and trading software that features cryptocurrency trading bots with proven track records. The software should also be very transparent with performance data so you have the information you need to create a solid trading strategy.

There are many market conditions where holding is not a viable strategy. If the market is rapidly declining, a strategy for selling assets and then buying them back at a lower price can result in significant gains for the user's portfolio when the market recovers. When the market is flat, a Grid bot can take advantage of daily fluctuations to potentially grow the user portfolio slowly over time rather than having your coins in cold storage doing nothing. Kantost Fx Trade provides technology that enables the use of the buy-and-hold strategy and the automatic trading approach. The user chooses which strategy to use.

To set up a bot, a user needs to make several key decisions. First, the user must decide on the type of bot to use. Then, link a crypto exchange account to Kantost Fx Trade with a limited scope of permissions. Finally, the user configures the trading rules and selects the strategy for the bot.

For Kantost Fx Trade bots, market conditions are not a limiting factor — they can operate in both bullish and bearish markets. Bots such as DCA and Grid adjust based on the user's settings and strategy. The Signal bot can be integrated with TradingView, where user-defined strategies or indicators are already configured.