A Recap of Getting Started with Trading Bots by BitMEX and ProfitView

In partnership with our partner, ProfitView, the BitMEX team hosted a webinar for users looking to explore the use of trading bots for crypto derivatives.

Led by trading experts from both companies, the session “Getting Started with Trading Bots” was designed to upskill attendees on how to get started with automated crypto trading by learning to set up and run a basic grid bot on BitMEX using the ProfitView platform. 

The session provided a starting code framework for participants to improve and refine following the session.

You can find the full recording of the webinar below, or read on for a summary of the session and the topics discussed.

A Summary of the Session on Crypto Trading Bots 

The webinar started with the participants being walked through the fundamental concepts related to crypto trading bots including: 

  • What is trading 
  • The concept of signals 
  • ProfitView’s bot infrastructure 
  • The different types of bots 
  • Régimes and their relation to algorithms
  • Grid bots as a basic type of trading bot 

The session then moved onto a trial demo of a grid trading bot running on BitMEX, for attendees to gauge how a crypto trading bot works in practice. 

To then guide users through setting up the crypto trading bot on their own, attendees were given a live demonstration of: 

  • Setting up API keys on BitMEX and ProfitView 
  • Setting up and implementing the code for trading bots 

The webinar was wrapped with a Q&A where attendees asked questions related to the trading bot’s adjustment to market movements, ProfitView’s integration with external libraries, reasons to use ProfitView and BitMEX, and more. 

To better support users on their crypto trading bot journey, attendees were also given a range of resources including a GitHub library hosting the grid bot code template, an invitation to join the AlgoAcademy Guild on BitMEX, and a chance to book a 1-on-1 consultation with our trading experts. 

The Algo Academy Guild is a great opportunity for any crypto trader to trade collaboratively with other pro bot traders, share crypto trading strategies, and work together to win the weekly cash prize. 

Those interested can join the Algo Academy Guild here or join the Algo Academy Discord here to connect with other traders. 

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In the meantime, if you have any questions please contact Support who are available 24/7.