Start Bot

To start a Bot,

• Select the bot type, such as Multigrid or Scalping.

• Choose the category: Futures or Spot.

• Select the trading pair you want to use for the bot.

• Enter the amount you want to allocate to the bot.

• Select leverage (only applicable for Futures trading). Remember, high leverage carries significant risk.

• Choose the position you want to trade, such as Long or Short (only applicable for Futures trading).

• Select a strategy from the list. If you haven't created one yet, please create it first.

• Choose whether to use the market price or set a limit price to start the bot.

• Set a pause price if you want the bot to pause at a specific price level.

• Set a restart price, which will only work if a pause price has been set.

• Add a stop-loss, if desired.

• Start the bot.

Pause price and restart price are important elements. Adding the right amounts will help your bot save funds for optimal price grid utilization.

Example:

For a BNB/USDT pair bot that started at $535, if you think the price may go up to $580 and then potentially drop to $540, you can set a pause price at $575 and a restart price at $540. This setup helps minimize losses from grid purchases and allows you to utilize more funds for overall grid trading.

Once started, your bot will appear on the dashboard, but it may take couple of minutes to become active.

Selecting the right Coin/Token is just as important as choosing the right strategy. Make sure you conduct thorough research before selecting the Coin/Token to start the bot.