Skip to content

Bot Settings

Here is what you will see on the bot's settings page.

General Settings

Name

Create any name for your bot, you will see it in your bots list and active trades. You can name it by trading pair or settings. But try to create a unique name for your bot so it won't get lost among other bots.

Exchange

The exchange account the bot will use for any deals it creates. You must select an exchange.

Paper Trade

Activate this for simulated trades without risking real money.

Currency Settings

Quote Currency

The currency in which the bot will trade. You must select a quote currency.

Trade Currencies

The trading pairs the bot can use. You must select at least one base currency.

Max Active Trades

This parameter defines how many deals the bot may open at the same time. If the bot was allowed to trade with 20 pairs, but there are only enough funds on your exchange account to support five simultaneous trades, '5' should be entered here in this field. It allows the bot to start only 5 deals with the coins that you've selected. After one of the trades finishes, the bot will look for the next one to be started using the same criteria. The bot, however, will try to open more than 5 trades if the conditions are met, but will return errors with an "Insufficient funds" message.

Trade Settings

Base Order Size

This is the first order the bot will create when starting a new deal. If put 20 here and select BTC/USDT pair for the bot, then launch it, the bot will buy BTC with 20 USDT after the new LONG deal is opened.

Order Type

The type of order to execute. Currently, only "Market" orders are supported.

Safety Order Size

The amount of funds your safety orders will use to average the cost of the asset being traded. Safety orders are additional buy orders placed at lower prices to reduce the average purchase price of an asset. This can help your bot to close deals faster with more profit when the market price rebounds.

  • Base Order Size: 100 USDT
  • Safety Order Size: 50 USDT

If the price drops, the bot will place a safety order of 50 USDT to buy more of the asset at the lower price.

By using safety orders, the bot can average down the purchase price, making it easier to achieve a profitable exit when the market price increases.

Max Safety Trades Count

The number of safety orders the bot is allowed to place in advance. Safety orders help to average down the purchase price of an asset when the market price drops. By placing multiple safety orders, the bot can better manage market fluctuations and improve the chances of closing deals profitably.

  • Max Safety Trades Count: 5

The bot can place up to 5 safety orders to average down the purchase price.

Using a higher number of safety trades allows the bot to better handle larger market drops, but it also requires more funds to be reserved for these trades.

Price Deviation

The percentage difference in price to create the first safety order. This setting determines how far the price must drop from the initial purchase price before the bot places a safety order. Adjusting the price deviation helps the bot to manage market volatility and optimize the timing of safety orders.

With Price Deviation: 1%. The bot will place a safety order if the price drops by 1% from the initial purchase price.

With Price Deviation: 5%. The bot will place a safety order if the price drops by 5% from the initial purchase price.

By setting an appropriate price deviation, the bot can better handle market fluctuations and improve the chances of closing deals profitably.

Safety Order Step Scale

Multiplies the price deviation percentage used by the last safety order. This setting helps to adjust the distance between consecutive safety orders. By increasing the step scale, the bot can place safety orders further apart, which can be useful in highly volatile markets.

  • Example 1

    • Safety Order Step Scale: 1.0
    • Each safety order will be placed at the same percentage deviation as the previous one.

  • Example 2

    • Safety Order Step Scale: 1.5
    • Each safety order will be placed 1.5 times further away than the previous one.

Using a higher step scale can help the bot to better manage funds and reduce the number of safety orders needed in a volatile market.

Safety Order Volume Scale

Multiplies the volume of the last safety order. This setting helps to adjust the size of consecutive safety orders. By increasing the volume scale, the bot can place larger safety orders as the price drops further, which can help to average down the purchase price more effectively.

  • Example 1

    • Safety Order Volume Scale: 1.0
    • Each safety order will have the same volume as the previous one.

  • Example 2

    • Safety Order Volume Scale: 2.0
    • Each safety order will have twice the volume of the previous one.

Using a higher volume scale can help the bot to average down the purchase price more quickly, but it also requires more funds to be reserved for these trades.

Max Funds Required

The maximum funds required for the bot to operate. This label calculates the total amount of funds needed to cover all potential safety orders and base orders. It helps to ensure that you have enough funds available to support the bot's trading strategy.

By calculating the maximum funds required, you can ensure that you have sufficient funds available to support the bot's trading activities.

Max Safety Order Price Deviation

The maximum price deviation for safety orders. This label calculates the furthest price drop from the initial purchase price that the bot will place safety orders. It helps to manage the bot's risk and ensure that safety orders are placed within a reasonable range.

Entry & Exit Settings

Interval

The time frame for evaluating conditions. Options include: 1 Minute, 5 Minute, 15 Minute, 30 Minute, 1 Hour, 2 Hour, 4 Hour, 8 Hour, 12 Hour, 1 Day.

Open Condition

The condition that must be met to open a new deal. Options include various strategies like Bollinger Bands, IFTRSI, MACD DEMA, etc. For detailed explanations, refer to the Open Signals section.

Close Condition

The condition that must be met to close a deal. Options include various strategies like Take Profit, Bollinger Bands, MACD DEMA, etc. For detailed explanations, refer to the Close Signals section.

Trailing Buy

The bot will monitor the rate as the token goes down until it starts to go up again to reach a set percentage, then it will initiate the buy order. This strategy helps to ensure that the bot buys at a lower price, potentially increasing the profit margin. The trailing buy percentage determines how much the price must increase from its lowest point before the bot makes a purchase.

  • Example 1

    • Trailing Buy Deviation: 1%
    • If the price drops to $100 and then rises to $101, the bot will execute a buy order.

  • Example 2

    • Trailing Buy Deviation: 2%
    • If the price drops to $100 and then rises to $102, the bot will execute a buy order.

Using a higher trailing buy deviation can help the bot to avoid buying too early during a price drop, potentially leading to better entry points.

Stop Loss

The percentage that price needs to move in the opposite direction to your take profit target, at which point the bot will execute a market order to close the deal for a smaller loss. This strategy helps to limit potential losses by automatically selling the asset when the price drops to a certain level. The stop loss percentage determines how much the price must decrease from the purchase price before the bot sells the asset.

  • Example 1

    • Stop Loss Deviation: 3%
    • If the purchase price is $100 and the price drops to $97, the bot will execute a sell order to limit the loss.

  • Example 2

    • Stop Loss Deviation: 5%
    • If the purchase price is $100 and the price drops to $95, the bot will execute a sell order to limit the loss.

Using a higher stop loss deviation can help the bot to avoid selling too early during temporary price drops, potentially leading to better exit points.