Trading bots carry inherent risks and do not guarantee profits. Always review the product details and understand the mechanisms before initiating trades.
OKX’s Trading Bots automate trades based on user-defined parameters. However, execution may be affected by:
- Market conditions: Slippage, delays, or failures due to low liquidity or rapid price fluctuations.
- Technical factors: System limitations or incorrect settings input by users.
OKX does not provide financial advice or guarantee bot performance. Liability is limited under the Terms of Service. Users are encouraged to:
- Thoroughly review the Terms.
- Consult the FAQ section (accessible via the book icon on the platform).
- Seek professional advice if uncertain about risks.
When Trading Bots Stop Operating
Bots may cease functioning under these scenarios:
1. Predefined Parameter Triggers
- Spot Grid Bot: Stops placing orders if the price exits the configured range (e.g., falls below the lower limit).
- DCA Bot: Halts after reaching the maximum safety order limit.
- Stop-Loss/Profit Targets: Bots automatically stop when these thresholds are met.
2. Unpredictable Events
OKX’s Risk Management Stop (RMS) may activate due to:
- Cryptocurrency delistings or suspensions.
- Extreme market volatility.
3. Manual Intervention
Users can manually stop bots anytime via the platform’s ‘Stop’ button.
👉 Learn how to optimize bot settings for minimal risk
Wholesale Customer Considerations
Certain derivative-trading bots are exclusive to verified wholesale customers. These tools may:
- Alter margin requirements.
- Increase risk exposure.
Ensure full comprehension of implications before use.
FAQ
Q: Are trading bots suitable for beginners?
A: Not without due diligence. Beginners should start with demo accounts and study bot mechanics thoroughly.
Q: Can bots operate 24/7?
A: Yes, unless stopped by parameters, RMS protocols, or manual intervention.
Q: How do I mitigate risks?
A: Regularly monitor bots, set conservative limits, and diversify strategies.
👉 Explore advanced risk management techniques
Key Terms: Slippage, DCA (Dollar-Cost Averaging), RMS (Risk Management Stop), Spot Grid.
For further clarifications, refer to the FAQ or Terms of Service.