How to Launch Your First Bot
Launching your first bot is simple with Bothub. Follow these steps to get started with automated trading
Step 1: Select a Bot Strategy
- Go to the "Bots" tab on the dashboard.
- Choose a strategy that fits the market conditions:
Step 2: Configure Bot Settings
- Select your exchange and trading pair from the dropdown list.
- Enter the amount to invest, ensuring it meets the minimum requirements.
- Adjust strategy parameters (e.g., grid levels, TP/SL, or leverage settings) based on the chosen bot.
Step 3: Backtest and Launch
- Run a backtest to review the bot's performance with historical data.
- If satisfied, click "Continue", review the summary, and click "Start Bot" to activate it.
Tips for Success
- Start Small: Use a modest investment to learn the bot’s behavior.
- Use Demo Mode: Test strategies without risking real funds.
- Monitor Performance: Regularly check your bot’s metrics under the "Active Bots" tab.
Frequently Asked Questions (FAQs)
Q: What’s the minimum investment required to launch a bot?
The minimum investment varies depending on the exchange, trading pair, and bot type.
Q: Can I use bots on multiple exchanges?
Yes, Bothub allows you to connect multiple exchanges and use bots across them simultaneously.
Q: How do I stop a bot?
You can stop a bot anytime by navigating to the "Active Bots" tab, selecting the bot, and clicking "Bot Actions" and "Stop Bot". Choose to convert your position to base or quote currency, or retain the position.