OKX trading bot
ELEVATE YOUR TRADING WITH THIS CUTTING-EDGE SOFTWARE
Imagine your money working for you, even when you’re not actively managing it. Our OKX trading bot is here to help you make the most of this opportunity. With its ability to generate top-notch buy and sell opportunities in the crypto market, you can save time and focus on what truly matters to you.
READY TO BECOME AN OKX BOT SPECIALIST?
Our experience with OKX trading bots has been a valuable learning journey, refining our strategies for about a year. We have used this knowledge to develop valuable IT products and services. To make it easier for you to learn, we have created a content program that highlights the 10 key aspects you need to know about this exciting subject.
OKX SPOT VS DERIVATIVES
OKX is divided into two exchanges: OKX Spot and OKX Derivatives. Choosing the right exchange for your OKX bot is crucial, and it’s important to understand the differences between OKX Spot and OKX Derivatives. We’ve outlined some key points to help you make an informed decision.
However, as an IT company, we cannot provide specific recommendations or determine your eligibility to trade on these platforms. We strongly advise you to conduct your own research and consult with a financial expert for guidance.
| SPOT | DERIVATIVES | |
| Leverage trading | No | Yes |
| Contract types | Spot | BTC-USD/USDT-SWAP |
| Average daily trading volume | USD 0.5B | USD 6.8B |
| Risk management features | Less | More |
| Trading fees | Higher | Lower |
| Hedging | Not supported | Supported |
| Trading pairs | 573 | 282 |
OUR OKX BOT SPECIALIST ON PICKING THE RIGHT PLATFORM
“Since the inception of OKX, I have been actively involved in developing trading bots specifically for this platform. I have created bots for both OKX Spot and OKX Derivatives, giving me a deep understanding of the best conditions for your OKX bot to perform well on each exchange.”
OKX spot
“This exchange only supports OKX trading bots designed for spot trading, allowing your bot to identify potential buy and sell opportunities for cryptocurrencies in a bullish market. If you believe in the long-term potential of crypto, OKX spot bots can be utilized as a valuable tool for a buy-and-hold investment strategy. Personally, I use the OKX spot bot of Oxido Solutions to pinpoint favorable buying opportunities for Bitcoin using the stablecoin USDT, based on my predetermined criteria. I then use this Bitcoin as collateral for our OKX USD-PERP strategy, which aims to accumulate more Bitcoin over time.”
OKX Derivatives
“Unlike OKX Spot, OKX Derivatives supports trading bots that can help grow your capital even when the market is trending downwards. This is possible through the use of futures contracts, which allow you to speculate on the future price movement of an underlying asset based on predefined criteria, regardless of whether the price goes up or down. Furthermore, unlike spot trading, you only need to allocate a fraction of your capital to the market, as a well-configured trading system can borrow the remaining capital under favorable market conditions.”
DESIGN APPROACH OKX TRADING BOTS
When creating an OKX trading bot, there are three main approaches to to choose from: technical analysis, fundamental analysis, or a combination of both. To assist you in selecting the most suitable approach, we have outlined the hey differences between the technical and fundamental methods.
TECHNICAL ANALYSIS
FUNDAMENTAL ANALYSIS
FOCUS
Analysis of quantitative data based on technical indicators.
Investment type
Frequent changes: suited for short and long term investing.
Focus
Analysis of qualitative data with fundamental indicators.
Investment type
Less frequent changes: more suited for long-term investing.
EXAMPLE TA
An OKX trading bot for OKX Derivatives uses technical indicators such as RSI, MACD and Bollinger bands. It analyzes the chart, market data and other quantitative data to detect trends and patterns according to predetermined parameters and then generates a trading opportunity.
EXAMPLE FA
An OKX bot conducts an analysis of fundamental data related to a cryptocurrency coin from a blockchain company. This includes product news, industry trends, and management data based on predefined parameters. It then generates a buy or sell opportunity based on this analysis.
EXAMPLE TA & FA
An OKX bot that uses both technical and fundamental approaches can leverage the strengths of each method. For example, when running a OKX Inverse Contracts strategy on Ethereum, the bot can be configured to detect buy opportunities based on technical indicators like the breakout of the top range of the Bollinger Band. Moreover, it can consider fundamental factors by monitoring social media and other indicators for any negative news or sentiment about Ethereum on a given day.
OKX BOT DATA
Data is vital for a successful OKX trading bot. Having access to comprehensive and reliable data is essential for deploying a successful strategy.
It comes in two forms: historical data and real-time data. Historical data enables you to analyze how the strategy would have performed in the past, providing valuable insights. On the other hand, real-time data is vital for achieving profitable performance during live trading. Having up-to-date information is crucial for making informed decisions and adapting to current market conditions.
Historical price data
REAL-TIME PRICE DATA
HISTORICAL TRADING VOLUME
REAL-TIME TRADING VOLUME
ORDER BOOK DATA
TRADING FEES
EXCHANGE DATA
TECHNICAL INDICATORS
FUNDAMENTAL DATA
OKX TRADING BOT CODING SKILLS
When it comes to obtaining an OKX trading bot, you have choices. Some platforms and providers offer pre-built bots that you can purchase and customize to your liking. In such cases, you don’t necessarily need programming language knowledge, although it’s helpful to have an understanding of how the bot operates. On the other hand, if you wish to create your own OKX bot, you’ll need to be proficient in programming languages. Programming languages can be categorized as closed-source or open-source. Closed-source languages are designed for specific platforms, while open-source languages can be used across multiple platforms. Understanding these language categories can assist you in deciding the best approach for developing your OKX bot.
Closed-source
Open-source
Pinescript
Pinescript is a special programming language based on C that is specifically offered by TradingView, a popular charting platform, for developing OKX trading bots. With Pinescript, you can create your own strategies and custom technical indicators according to your trading preferences on OKX.
MetaTrader5
MetaTrader5 (MT5) is a widely-used closed platform that many developers rely on to create OKX trading bots. By utilizing the MT5 software kit, which is based on the python programming language, developers can design personalized OKX bots and indicators that perfectly align with their individual trading strategies.
Python
If a closed platform doesn’t offer the necessary tools for developing an OKX trading bot, you have the choice to create a custom strategy from scratch or use open-source libraries. Python, a versatile programming language, provides lots of options for developing your own customized OKX trading bot according to your specific requirements.
JavaScript
JavaScript, as an open-source alternative, is a relatively beginner-friendly programming language. However, it may not be the most optimal choice for developing OKX trading bots focused on high-frequency trading strategies like arbitrage or market making, which require advanced speed and performance capabilities.
BACKTEST OKX BOT
Before implementing an OKX bot strategy in live trading, it is essential to conduct thorough testing. Backtesting software plays a key role in this process. Backtesting involves simulating how a trading bot would perform using historical market data. At Oxido Solutions, we have had positive experiences with the following backtesting systems:
| TRADINGVIEW BACKTEST | BACKTESTER | |
| Type | Closed-source | Open-source |
| Accessibility | Beginner and advanced | Advanced |
| Interface | User-friendly | Complex |
| Strategy development | Yes | Yes |
| Indicator development | Yes | Yes |
| Level of customization | High | Very high |
| Multi-timeframe analysis | Yes | Yes |
THE EVOLUTION OF OKX BOTS
1949: Introducing rule-based trading
Ever wondered about the origins of the OKX bot? Let’s travel back to the early 20th century and uncover some fascinating history. In 1949, Richard Donchian shook the trading world by introducing Futures Inc, the first-ever rule-based trading fund. This innovative fund used predetermined rules and mathematical systems, like moving averages, to generate real trading signals in the futures markets. Despite the the lack of internet, the team manually analyzed market data from ticker tapes. This groundbreaking approach set the stage for the development of OKX trading bots and other crypto trading bots we have today.
Mary Max Markowitz, Ed Thorp, and Michael Goodkin played a key role in the creation of arbitrage trading systems using trading bots. Their innovative has greatly influenced the development of the trading bot systems we rely on presently.
The 1970s marked an important era in the world of trading bots with the launch of Nasdaq. This pioneering US-based exchange brought forth the concept of fully automated trading, revolutionizing the industry at that time.
As technology advanced, traders began embracing bots to analyze market data and identify trading opportunities. This utilization of bots provided traders with enhanced capabilities to navigate the financial markets more effectively.
Bitcoinica and Mt. Gox, two now-defunct cryptocurrency exchanges, were among the first to support cryptocurrency bots and automated trading solutions, paving the way for their introduction in the crypto market.
When OKX was launched, it opened the doors for the development of OKX bots specifically designed for spot pairs. Recognizing the potential, Jarno took advantage of this opportunity and created Oxido Solutions’ OKX spot bot in the same year.
Trading bots like the OKX bot, Binance Bot, and Bybit bots have become incredibly popular, being utilized in around 80% of cryptocurrency trades, revolutionizing the way investors and traders engage with digital assets.
With the introduction of OKX Derivatives, we have proudly unveiled an OKX bot designed for Perpetual swaps. This allowed our clients to seize trading opportunities for crypto-settled derivatives and expand their investment potential.
The stellar rise of artificial intelligence technologies, such as ChatGPT and BloombergGPT, presents a promising opportunity to create increasingly sophisticated AI-powered OKX bots and other trading bots with enhanced capabilities and intelligence.
OUR OKX BOT SERVICES
At Oxido Solutions, we specialize in designing, developing, and implementing OKX bots for different trading strategies. With our extensive expertise in IT, trading, and the cryptocurrency market, we cater to a wide range of parties, including professional investors, junior traders, and experienced traders. To serve our diverse audience, we offer a diverse range of IT services and products. However, please be note that some services may have regulatory restrictions that could limit accessibility.
Signal service
By qualifying for our OKX signal service, you can unlock the potential to earn extra income while keeping full control over your assets. Our exclusive trading bots, the Range Maker and the ATR, will produce top-notch buy and sell opportunities, ensuring you can make the most of your trading experience.
IT CONSULTANCY
Are you searching for a partner to collaborate on the IT aspects of your trading bot strategy? Or do you require assistance in reviewing the code of your existing crypto trading bot or IT infrastructure? Oxido Solutions is here to provide all the IT consultancy services you need for your OKX bot.
IT DEVELOPMENT
Our IT team consists of seasoned traders who also have coding skills. We can assist you with the IT development of your bot using various programming languages, such as Python, TradingView, and JavaScript, depending on your specific requirements.
INDICATORS
If your OKX trading bot isn’t performing as expected, there’s no need to worry. Sometimes, a single missing feature can make a big difference in unlocking its full potential. At Oxido Solutions, our technical indicators can be the solution you need to optimize your bot’s performance and maximize its capabilities.
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OUR OKX TRADING BOT STRATEGY
Creating a successful OKX bot strategy demands expertise and experience. If you prefer to skip the complexities of developing and managing your own bot strategy, consider accessing the OKX trading strategy of Oxido Solutions as it includes lots of innovative features to enhance your chances of success in the cryptocurrency market. Here’s what makes our trading strategy stand out:
Trend-following
Our trading strategy is based on a trend-following approach, where we focus on the direction of the market trend. We strongly believe that if an asset is moving in a particular direction, it’s more likely to continue in that direction than to suddenly reverse. This allows us to capture opportunities in both bullish and bearish market trends. To identify and track these trends effectively, our crypto trading bots utilize advanced technical analysis and artificial intelligence.
3 risk levels
Our OKX trading strategy comes with three risk profiles: low, medium, and high, corresponding to risk levels of 2%, 4%, and 6% of the trading capital per trade. Please be aware that the calculations do not account for slippage, which is the difference between the expected and actual trade execution price. The low-risk profile aims for smaller profits but also has smaller drawdowns, providing a more conservative approach to OKX bot trading.
Range Maker
In 2017, Jarno developed the Range Maker, a trend-following trading algorithm that was made available to the public two years later. Unlike other algo traders who rely on traditional methods like Bollinger Bands to determine the trading range, we have taken a unique approach. Our calculation method for the trading range, coupled with customized features, ensures consistent stability and reduces vulnerability to market manipulation.
In 2020, we introduced the Average True Range (ATR) algorithm as an additional OKX trading bot to complement the Range Maker. The ATR algorithm is designed to react swiftly to minor trend movements and excels on shorter time frames. By combining the ATR with the Range Maker, we enhance the overall performance of our strategy on a monthly basis, as they provide a hedge for each other. This integrated approach enables our OKX trading bot to adapt more effectively to changing market conditions.
The chop filter is a state-of-the-art technical indicator that addresses one of the major obstacles in our industry. While trend-following strategies tend to thrive in strong trending markets, they can face difficulties during periods of choppy price action. The chop filter effectively measures the market’s strength and adjusts our algorithms accordingly. When the market’s trend is weak, it prevents our strategies from taking positions. This game-changing feature has led to a decrease of up to 50% in our strategy’s drawdowns, enhancing its overall performance.
One challenge in trend-following trading strategies is the risk of over-optimization. This happens when strategy parameters are finely tuned to historical market data, resulting in poor performance when applied to new, unseen data. This problem happens when traders continuously fine-tune the strategy to fit the past data perfectly. To mitigate this, our strategy includes an auto-optimization function that dynamically adjusts the algorithm parameters based on current market conditions. This adaptive approach ensures consistent performance in changing market environments.
OKX DERIVATIVES BOT
The OKX derivatives trading bot of Oxido Solutions is able to generate premium buy and sell opportunities for OKX Derivatives. This could help you generate an extra income on this popular cryptocurrency derivatives exchange.
Signal service
To get buy and sell opportunities from our OKX derivatives bot, you must first subscribe to our signal service. Are you interested in automatically converting these opportunities into orders? Unfortunately, Oxido Solutions is unable to facilitate this, as we are an IT company and not a financial institution. Instead, you can authorize OKX to process these signals into orders via their API. Here’s how it works: our OKX bot detects a trading opportunity and sends this information to a middleware layer. This layer then forwards the information to your OKX account. Once authorized, OKX will automatically convert these signals into orders. This process enables automated trading while you keep full control over your funds.
Trading pairs
Our OKX Derivatives bot only creates buy and sell opportunities for Bitcoin and Ethereum Derivatives trading pairs. This is primarily due to their high liquidity, a crucial element for effective and efficient trading. Furthermore, the vast amount of historical price data for these specific trading pairs enables thorough backtesting, ensuring the reliability of our OKX trading bot. For instance, even before we began collecting live data in 2019, our backtesting revealed that the OKX derivatives bot had been performing strongly.
Perpetual Swaps
The OKX bot supports producing trading opportunities for perpetual swaps, a derivative product that allows speculation on future asset prices without expiration dates, unlike traditional futures contracts. There are two types: BTC-USDT-SWAP and BTC-USD-SWAP. If you prefer earning more USD Tether stablecoins instead of Bitcoin or Ethereum, choose BTC-USDT-SWAP and provide USDT for our signal service for OKX derivatives. Alternatively, for using Bitcoin as collateral and accumulating more of it, opt for BTC-USD-SWAP.
Isolated margin
Our OKX trading bot is specifically designed to create opportunities which include isolated margin, a powerful feature that helps you manage the risk involved with each individual trade. It’s similar to setting aside a designated amount of money for different purchases. With isolated margin, you allocate a specific amount of funds for each trade and only use those funds for that particular trade. This ensures that any underperforming trade won’t affect the rest of your trades, providing you with better risk control and increased trade independence.
OUR SIGNAL SERVICE PLANS
Ready to take the next step? With Oxido Solutions’ OKX signal service, you can receive top-notch buy and sell signals to help you generate extra income on this popular cryptocurrency exchange. You can receive the signals by email, Telegram, OKX API or any other preferred channel. Please be aware that as a non-financial service provider, our signals are not customized, and all subscribers receive the same signals. We also do not execute orders on your behalf. We trust our OKX trading bots and are excited to offer you a free 14-day trial. If you are satisfied with the signals, you can upgrade to a paid subscription with us.
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