What are trading bots?
Trading bots are automated programs that execute market trades based on predefined rules. They remove emotion and human error, ensuring disciplined, consistent strategy execution.
Unlike traditional algorithms that rely on a static set of mathematical rules and cannot adapt, EVEDEX AI bots are powered by artificial intelligence, allowing them to adjust to market conditions in real time.
• Analyze ROI on trades over 7-day and 365-day periods
• Run backtests to evaluate strategy performance using historical trade data
• Track position dynamics (long/short)
This enables the system to make trading decisions with high efficiency.
How does it work?
The algorithm uses a set of statistical indicators to identify local extremes, price highs and lows. The core logic of the strategy is based on analyzing deviations from the statistical average.
Key statistical indicators:
Z-Score
Shows how far the current price deviates from its average value in terms of standard deviations.
Standard Deviation Bands
Plotted around a moving average, they help assess the strength and direction of price fluctuations.Modified Bollinger Envelopes
An enhanced version of traditional Bollinger Bands, designed to dynamically account for market volatility and highlight extreme price levels.
Example:
If the price of a coin falls more than 2 standard deviations (Z-Score) below its average, the algorithm flags this as an anomaly. It then checks trading volume: if volume is higher than the 50-period average, this confirms the move is genuine rather than market noise. In this case, the system opens a mean-reversion trade, expecting the price to return to its average level.
If the price of a coin falls more than 2 standard deviations (Z-Score) below its average, the algorithm flags this as an anomaly. It then checks trading volume: if volume is higher than the 50-period average, this confirms the move is genuine rather than market noise. In this case, the system opens a mean-reversion trade, expecting the price to return to its average level.
The strategy does not attempt to predict the market. Instead, it relies on the natural tendency of prices to revert to their “fair values,” creating a systematic approach to identifying profitable entry and exit points.
How to connect and set up
To activate a bot, simply go to Trade → AI Trading on the platform, or use the direct link: https://exchange.evedex.com/trading-ai
Trading bots can only be connected through the web version of the EVEDEX platform, as this feature is not accessible directly from the mobile app. For users on mobile devices, the trading bot setup can still be completed by accessing the EVEDEX web version via a mobile browser.
Choose the optimal strategy model based on your parameters:
It is important to note that the setup of trading bots must be performed on the web platform, but the configuration process is accessible via a mobile browser for those without desktop access.
• Position direction: long or short
• Total investment size
• Trade frequency: low, medium, high, very high
• Compounding (reinvesting profits): on or off
By leveraging the web platform for setup and the mobile app for monitoring, users can ensure seamless integration and management of trading bots on EVEDEX. This dual approach caters to both configuration and ongoing tracking needs.
Connect AI bots for automated trading on BTC/USD, ETH/USD, SOL/USD, and XRP/USD right now! We are constantly expanding the list of available instruments to make your strategy even more effective.
Trades executed by AI bots are fully visible in your account. These trades appear in the trade history and as current positions, offering users full transparency.
Automate trades, control risks, and manage the process in just a few clicks: https://exchange.evedex.com/trading-ai
While the mobile app does not allow for bot configuration, it provides comprehensive tools to monitor and review bot trades, including trade history and active positions.
If you have any questions or issues, contact our Support team - available 24/7.