What it does: It functions like the Spot Grid Bot but in the futures market and it uses leverage for higher potential returns but this feature raises the risks in case of a loss.

When to use: Always use the Futures Grid Bot when you want to take advantage of price fluctuations to increase  your trades, specifically to amplify profits (and risks). It best in the hands of experienced traders who can manage futures volatility. So, if you are a newbie in the speculative market, "please avoid am oo",  So that we will not hear stories that touch the heart 😂😂🤣

How to use:

💥Select Futures Grid Bot in the Trading Bots section of the exchange that offers this bot,

💥Pick a futures trading pair (e.g., ETH/USDT).

💥Set your price range and grid levels.

💥Choose leverage (1x, 5x, 10x, etc.). This would determine your asset liquidation price and a lower leverage means lower risk and lower profits and vice versa 

💥Allocate funds from your Futures Wallet.

💥Click Start, and the bot will execute buy/sell orders based on price movements.

Martingale Bot:

What it does: It doubles trade size after making a loss, in order to recover your losses with a bigger win when the market reverses

When to use: It should be put in use in trending markets with projected corrections from sound technical analysis. It works best when price movements are easily predictable, allowing the bot to recover losses through larger, strategically placed trades.

How to use: Choose Martingale Bot in any Centralised Exchange that offers this Trading Bot.

Select a trading pair (e.g., BTC/USDT). (You can choose Spot or Futures Martingale, based on your requirements)

Set base order size; your initial trade amount.

Define the multiplier (price action down tab): how much the bot increases trade size after a loss.

You can also set the number of safety orders; the number of times you want the bot to repeat trade after the loss. 

Set take-profit levels to lock in gains.

Click Start, and the bot will adjust trade sizes based on market movement 

Before you jump into using this bot, please do note that this a high-risk strategy because it follows a simple concept; doubling down on losses to recover when the market rebounds an depends on complex algorithms or external signals as advanced bots do. However, Martingale in futures offered by some exchanges would be considered advanced since it uses leverage and in the world of trading, leverage increases the risk exponentially, making liquidation a real possibility.

Spot Auto-Invest Bot:

What it does: It automates dollar-cost averaging (DCA) by regularly buying crypto at set intervals to reduce market timing risk.

When to use: Use the Spot Auto-Invest Bot when you want to gather crypto over time without worrying about short-term price swings. It is perfect for long-term investors looking to build their portfolio regularly.

How to use:

Select Spot Auto-Invest Bot in the Trading Bots section.

Pick a trading pair (e.g., ETH/USDT).

Set investment amount per cycle (e.g., $20 per day).

Choose a buying frequency (daily, weekly, or hourly.)

Click Start, and the bot will automatically purchase crypto at the set intervals

This is where we will draw the curtains for now, but still stay tuned. I will publish another article to discuss other types of AI trading bots offered on different centralised exchanges.