Exchange Highlights How AI Empowers Traders to Employ Intuitive Strategies

Bitget, a cryptocurrency exchange, recently introduced an artificial intelligence (AI)-powered feature that enhances grid trading strategies by automating transactions for users. The exchange highlights the advantages of AI strategies, emphasizing their ability to simplify the process for traders and make strategy creation more intuitive.

According to Bitget developers, AI strategies eliminate the need for users to navigate complex and obscure parameters traditionally associated with strategy creation. Instead, traders can make decisions based on a simple number indicating the strategy’s rate of return and a yield curve graph, streamlining the process and enhancing user experience.

The AI grid trading bot developed by Bitget enables users to input their desired strategy and investment amount, with the AI model iterating through thousands of parameters to generate multiple strategies within the selected currency pair. Notably, the model employed by Bitget is a small language model tailored specifically for this purpose, focusing on intricate details rather than the broad capabilities of larger language models like ChatGPT.

Different AI strategies in the grid trading bot offer various parameter settings, such as the number of positions added, the multiplier for position increment, and the take-profit percentage. However, it should be noted that while the AI strategies provide reference parameters, the final selection and judgment based on future market conditions are still the responsibility of the users themselves.

To address the challenge of synchronizing real-time price data among multiple users, Bitget has implemented distributed computing and load balancing technologies. This approach ensures concurrent processing capability and mitigates the risk of a single point of failure, enhancing the system’s robustness.

Bitget’s development team is also exploring the possibility of creating an AI bot capable of learning price prediction. However, this feature is currently in the research and development phase.

It’s worth mentioning that Bitget had previously committed $10 million to the Fetch.ai blockchain ecosystem on April 27, signaling the exchange’s continued focus on technological advancements in the AI space, particularly in light of the ChatGPT boom.

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