A Guide on How to use Bitmex Trading Bots (Everything you need to know)

Contents

If you’re already familiar with BitMEX , you’ll know that it’s a platform for traders looking to take it a step further . It became famous for offering super-high leverage and super-powerful tools for experienced traders. But now, with the arrival of its trading bots , things are much more accessible even if you’re just starting out.

Why is BitMEX special in this regard? Because it lets you use bots directly from its platform, without having to download any weird stuff or make any advanced settings. They have two levels:

Basic Bots : Perfect if you are new to trading. With just a few clicks, you can have a bot up and running that buys, sells, and manages your risks automatically.

Advanced Bots : If you already have some experience, you can customize your strategies much further here . For example, adjust order sizes, set up technical indicators like RSI or Bollinger Bands, and much more.

BitMEX’s idea is clear: to make your life easier and allow your trading strategies to work without having to stay glued to the screen. You can check out the platform here

Check out more:

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How to get started with basic bots on BitMEX 🛠️🤓

You don’t need to be an expert or have a master’s degree in engineering to use BitMEX’s basic bots . The platform has simplified everything so that with just a few steps you can have your bot up and running. Let’s take a look:

TRADING-BOTS-BITMEX

Choose your favorite market 🛒
First, decide where you want to trade. Bitcoin? Ethereum? Some exotic altcoin? Select the contract you prefer, such as BTC/USD or ETH/USD .
Enable bots on the platform ⚙️
Within the BitMEX trading dashboard, you will see the “Bots” tab in the order form. Click there, and voila, you now have access to your bots. Just as I show you in the image above.
Set up your bot in 2 minutes ⏱️
Define these two things:
- Market view : Do you think the price will go up? Activate «Buy/Long». Do you think it will go down? Activate «Sell/Short».
- Maximum position size : Specify how much you want the bot to manage. You can define this in terms of contracts or in USD.
- 1. Hit the magic button: Start 🟢
    When you are all set, press «Start» . At that point, the bot will start placing orders automatically based on your settings:
    - Buy and sell orders to take advantage of opportunities.
    - Stop-loss and Take-profit to protect your profits and limit your losses.
  1. Change your mind? No problem 🔄
    The market changed and you want to adjust your strategy? At any time, you can stop the bot or change its settings. BitMEX makes it easy with clear buttons like “Stop Bot” or “Change to Sell/Short”.

Advanced Bots on BitMEX: For those who want to go further ⚡📊

If you already have some experience or just want more control over your trading, BitMEX’s advanced bots are the next level. Here you can customize almost everything to suit your most specific trading strategies.

What do advanced bots offer? 🔍

Advanced bots allow you to configure every last detail , from the indicators they will use to how they will manage orders . Some interesting options:

Custom technical indicators : Such as RSI, Bollinger Bands, or strategies based on moving averages.
Number of Orders (Grid Count) : Decide how many orders you want to place and how they will be spaced in price.
Advanced Orders : Set Stop-loss and Take-profit in percentage or at specific prices.

How to set them up step by step 🛠️

Access the Advanced Bots Dashboard :
From the order form under the “Bots” tab, toggle the “Advanced Bots” switch on. You can also browse the Bots Marketplace to see the most popular options.
Choose the bot that fits your strategy :
In the Bots Marketplace , each bot includes useful tags such as:
- Strategy (long, short or neutral).
- Indicators used (RSI, Grid, etc.).
- Time intervals for trading (1 minute, 15 minutes, etc.).
  bots-for-trading-bitmex-2
  1. Configure key parameters :
    - Grid Count : How many orders do you want to place?
    - Grid Spread : Defines the space in percentage between each order.
    - Initial and maximum position size : Decide how much capital you want to allocate to the bot.
    - Stop-loss and Take-profit : Protect your trades with clear limits.
      set-trading-bitmex-3
      1. Launch the bot and relax 🟢
        Once configured, press the “Start” button. The bot will start executing trades automatically according to the parameters you have defined.

Practical example: Bot «Oversold Scalper» 🛒📈

This bot seeks to take advantage of oversold situations in the market, buying at low prices and selling quickly on short bounces.

Indicator: RSI on 15-minute time frames.
Strategy: Buy when oversold prices are detected and sell when a predefined profit level is reached (Take-profit).
Ideal for: Traders who want to take advantage of fast movements without having to keep an eye on the market.

Advantages of advanced bots 💡

✅ Greater customization: Perfect for those with specific strategies.
✅ Wide variety of options in the Bots Marketplace.
✅ Advanced features such as conditional orders and automatic risk management.

The least good? 🤔

❌ Can be overwhelming at first for those without experience.
❌ Requires more setup and planning time.

🚨 What Nobody Tells You About BitMex Trading Bots: Key Precautions

Although trading bots sound like a seamless solution to making money while you sip your coffee, there are some important points you should keep in mind to avoid falling into recurring losses:

1. They are not infallible

Bots follow rules you set, but they cannot foresee unexpected events such as breaking news, sudden market changes, or liquidity drops. It is always necessary to monitor their performance , especially in markets as volatile as cryptocurrencies.

2. They require strategy, not magic

A bot won’t do everything for you if you don’t have a solid strategy behind it, a trading method . Before using one, make sure you understand basic concepts like risk management , stop-loss , and leverage . Remember: a bot amplifies both your successes and your mistakes.

3. Leverage is a double-edged sword ⚔️

On platforms like BitMEX, where you can use leverage up to 250x, bots can execute large trades with little capital. This increases profits, but also losses. Always use a leverage level that you can handle.

4. Test before you jump in 💻

Take advantage of demo accounts or the testing mode of the bots to see how they behave with different settings. This will allow you to adjust parameters without risking your real money.

5. Don’t use all your capital on a single bot 💸

Spreading your capital across different strategies and assets will help you mitigate risks. Also, it is important to remember that you should never trade with money that you cannot afford to lose .

Conclusion 💡

Bots are powerful tools, but like any tool, they require knowledge and responsible use . If you are new to trading, start slowly, without rushing, and use bots as a complement, not as an automatic solution.

Another tip is to get training, knowing how the market works will make things easier for you, knowing the experience of other traders will also do so. If you are a beginner I recommend our Youtube channel and our trading blog , if what you are looking for is more advanced training, our trading academy may be the answer.

Have you had any experience trading with trading bots? Tell us in the comments!