Support
If you will have any questions or need any help/assistance in setting up your first bots – please contact our VIP manager in Telegram at @Jet_Bot_CS or submit a ticket.
We also invite you to join our Telegram community chat. In this chat we discuss market trends and share relevant trading strategies 24/7.
1) How much profit the bot can earn?
The Profit of the bot depends on the bots settings, on your decision to trade long or short and on the market dynamic.
You can launch the bot using recommended settings.
2) Recommended settings for bot:
1. Strategy:
– Choose “Long” if you believe that the price will rise.
– Choose “Short” if you expect price dump.
If market trend has changed you can pause the bot and switch it from long to short.
2. Pair: BTC/USDT
3. Start order amount: the initial margin for this order should be 1-2% from your Futures account balance.
Min. start order amount is 10 USDT.
4. Leverage: 2x-5x
It’s not recommended to use leverage higher than 5x because it is too risky. Lover leverage = lower risks. Higher leverage – higher risks.
5. Take profit: 1%
It’s recommended to don’t set very high take profit %.
If your take profit is ~1% it means the bot will do often deals several times per day.
If you set high take profit, for example 10% – the bot will not close the deal until market rises for +10%. As you understand it can take a long time to wait for such high rise, maybe even several weeks.
But market pumps and dumps +/- 2-3% in both directions everyday.
So you can set 1% take profit to take advantage from high-frequency small price fluctuations to perform several deals per day with 1% profit each.
6. Trailing Take profit: On
7. Trailing deviation: 0.1%
Note: You can read more about safety orders and how they help to average your entry price in this article.
8. Safety order amount = same as your start order amount
9. Safety order quantity – from 10 up to 20 orders
10. Price deviation – 2%
11. Max number of simultaneously active Safety orders – 5
12. Martingale – 1 or 1.1
if you set martingale 1 – than the amount of the start order should be 2% from you futures balance
if you set martingale 1.1 – than the amount of the start order should be 1% from your futures balance. This option is better, because your position will be averaging very effective if market starts falling.
13. Stop loss: on or off to your choosing.
Stop loss is calculated based on the entry price. If you set stop loss=40% and you opened a new deal at $10,000 price – this deal will be closed by stop-loss order after the price drops 40% down to $6,000 ($10,000-40%).
3) The amount of start and safety orders
Binance Futures platform uses your available balance as a margin for your opened position.
If you involve 100% of your Futures balance in the deal – no margin left on your balance.
It means that the liquidation price of your position will be very close.
We recommend to use ~50% of your futures balance for the deal and 50% as a margin for opened position.
4) How to calculate how much funds should I have on my futures balance? And how much funds will be involved in the deal?
The initial margin for the deal = The initial margin for the start order + The initial margin for all safety orders
So if you set 1 start order and 20 safety orders it means you set 21 orders in total.
If each order requires $2 initial margin it means that 21 order will require 2*21=$42 of initial margin to execute all 21 order.
So you need to have $21*2=$42 on your futures balance at least.
$21 (50% from $84) will be used for the deal and 50% will be used as a margin for your position.
And if you turned martingale to 1.1 it means that the amount of every next safety order will be 10% higher than the amount of the previous safety order. If you set 20 safety orders than you need to have at least $270 on your futures account balance.
5) We recommend to start your bot trading with small budget during 1-2 days to understand how the bot works.
After you will see results of several deals and understand how the bot works we advise to increase the trading amoun
6) How to use the bot? The best use case
Just launch it and allow it to trade. Pause it only if you want to switch it from long to short or vice versa.
Don’t trade or create additional positions or orders on the exchange manually when the bot is active. Or active deal will be cancelled and the bot will be paused.
Remember that the main mistake in bots trading – to take manual actions, they usually bring to a loss.
Give your bot opportunity to work and earn some nice profit to you.
The style of trading with bot – is to launch it and spend 20-30 minutes per day to switch it from long to short only in case if market trend changes.
7) Remember that you can launch 2 bots: long and short at the same time.
Just connect 2 Binance accounts and use 1 account for long bot and 1 account for short bot.
And benefit from both directions market fluctuations.
8 ) Don’t forget to connect your Telegram bot by clicking “Step 3. Telegram” in the sidebar menu.
The bot will send you trading reports 24/7
Support
If you will have any questions or need any help/assistance in setting up your first bots – please contact our VIP manager in Telegram at @Jet_Bot_CS or submit a ticket.
We also invite you to join our Telegram community chat. In this chat we discuss market trends and share relevant trading strategies 24/7.
