Bitget has introduced a new AI-powered bot for Commodities Trading Advisor (CTA) trading, its third AI-trading initiative, this year.
The crypto derivatives and copy trading services has announced the launch of its new CTA-AI bot product.
The new bot is part of Bitget’s quantitative investment strategy service that aims to provide users with convenient and advanced investment strategies powered by artificial intelligence.
CTA trading can be applied to various markets and assets, such as commodities, stocks, currencies, and cryptocurrencies. CTA trading can help traders seize market opportunities, diversify their portfolios and mitigate risks.
How the CTA-AI bot works
The CTA-AI bot is designed to follow predetermined rules, resulting in higher execution efficiency and accuracy.
The bot employs Bitget’s backend algorithm to backtest recent historical data and find the optimal parameters for the bot to adapt to the market.
This also reduces the hassle of setting various parameters that may seem intimidating to average users.
The bot offers three types of parameter sets:
- Conservative: Places fewer orders with a wider spread, taking a cautious approach.
- Aggressive: Places more orders with a smaller spread, aiming for frequent trading and more profits.
- Balanced: Places moderate orders with a moderate spread, taking a moderate approach.
Bitget’s AI-trading journey
The launch of the CTA-AI bot is the latest achievement in Bitget’s journey in the AI-trading space.
The platform has been exploring new ways to leverage the potential of AI technologies to improve its products and services, as well as to create new opportunities for its users.
Earlier this year, Bitget launched AI bots for Spot Grid, Futures Grid, Spot Martingale, and Futures Martingale trading.
These bots allow users to create grid or martingale strategies with intelligent parameter recommendations based on market history and volatility.
In the future, Bitget plans to learn from the success of large language models (LLMs) such as ChatGPT to improve its AI bots. “We know that the success of ChatGPT is mainly due to two aspects, super large sample data and smart learning model. And our AI strategy will also start from these two aspects to improve the profitability,”
Gracy Chen, Bitget’s managing director.
