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What Are CTA Bots And How To Use Them | Bitget Guides

What Are CTA Bots And How To Use Them | Bitget Guides

Beginner
2023-10-18 | 5m

Web Version

What is a CTA bot?

CTA, or Commodity Trading Advisor, is a strategy for commodity and stock index futures. Building on our proven CTA product experiences, we've added a cryptocurrency index trading system to our bot trading platform. Essentially, CTA uses automated programs to run index trading bots that buy (go long), sell (go short), or both, aiming for profits.

CTA use scenarios

Here are two strategies to deploy Bitget's CTA bot:

Moving Average Convergence and Divergence Strategy: Perfect for trending markets. It captures trends by opening and closing positions smartly. Go long: Ride the wave of the golden cross (short-term MA above long-term MA), exit on the opposite. Go short: Seize opportunities with the death cross (long-term MA below short-term MA), and exit likewise.

Bollinger Bands Strategy: Tailored for oscillating markets. It's all about buying low and selling high. Go long during volatility: Get in when prices dip below the lower band (lows), exit when they rise above the upper band (highs). Go short during volatility: Capitalize on peaks above the upper band (highs), and exit as prices drop below the lower band (lows).

How to use CTA?

Log in to Bitget and head to the homepage.

Head to Bots > Spot CTA / Futures CTA to enter the trading page.

Choose from MACD or Bollinger Bands.

You can select from the recommended bots according to the 30-Day APY, Users, and other aspects.

Use the Select button to view the bot details.

All you need to do to create a bot is to enter an investment amount.

CTA bots offer AI parameter suggestions, removing manual tweaking for users. Trade hassle-free, Trade smarter.

Take buying BTC/USDT as an example. After creating the bot, you can find your orders in Spot CTA / Futures CTA > Current Bots.

Select a CTA bot

and head to Details to find profit, APY, trades, orders, and other data.

You can also select Stop to terminate the bot.

CTA bot tips

CTA bots thrive in volatile markets.

Parameters are historical, not predictors of future gains.

When you create a CTA bot, please ensure that you have enough balance for safety orders as these funds will be kept frozen and separate.

If a coin faces unexpected events like suspension or delisting, bots will be stopped automatically.

Before making decisions, read through Bitget's CTA product description and gauge your risk appetite carefully.

With CTA bots, profits have never been easier.

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