Creating a bot with automatic pair switching on the GATE.io Spot exchange
One of the outstanding features of REVENUEBOT is the ability to automatically switch the trading pair of the bot. The volatility of any trading pair is inconsistent. Sometimes price fluctuations are frequent and the bot makes a lot of profitable deals, while at other the price stands still and the bot is forced to stay idle. Also, the bot can become idle if the initial trading pair does not pass the start filters. To ensure that the bot is not idle while waiting for good volatility on the current pair, we have made automatic switching of the trading pair. Read more about automatic switching of a trading pair here and here.
We have performed many different bot simulations (backtests) and revealed the best bot settings for GATE.io Spot with automatic trading pair switching. If you want to know how to use the bot to automatically switch trading pairs, using the LONG algorithm on the GATE.io Spot exchange with a deposit of 500USDT, we will show you an example of how to set up the bot in this article.
Below you can see our preferred settings, which minimize the risks when trading. You can skip the settings that are not shown in the screenshots, for a complete list of settings and a detailed description you can find here.
Name the bot and choose the API key, here you can read how to create it.
Choose a trading pair, set the LONG algorithm and specify a deposit for the bot.
You can choose any trading pair, then the bot will analyze the current volatility of all trading pairs and will start trading in the pair, where the volatility is more suitable at the time of bot start. In order to set the deposit size for your bot, you should create a virtual wallet and assign it a number of insurance (in our case, it is 500USDT). Be sure to check out info about the minimum deposit to run the bot as well as what a wallet is and what its purpose is.
Pay of the fees in GT tokens must be activated on the "Profile" page of the exchange.
Set the basic settings, not aggressive ones, with a good overlap of price changes.