Quick Start

This article provides a step-by-step guide on how to start working with Veles, avoid common mistakes, and launch your first bot today.
If anything is unclear, ask Support for explanation.

1. Understand the Risks and Expectations

Before making money, it’s important to understand how not to lose money.

1. Read Common Risks in Trading.
2. Review Common Mistakes of Beginners.

💡 Even if some points are unclear right now, that’s fine. The main goal is to read them at least once to get familiar with the terminology. You can always come back to the material later.

2. Open an Exchange Account

Before creating a bot, you need:

• An account on a supported exchange,
• Verified identity (KYC),
• Deposited funds.

📌 Step-by-step guides:

• How to register on an exchange
• How to deposit funds

3. Register with Veles

Go to your Veles account and complete the challenges to receive 5 USDT for launching your first bot.

Upon completion of the Challenges you will:

• Connect your Telegram for deal notifications — guide
• Create an API key on the exchange — exchange-specific guides

Tip

Immediately after connecting to the exchange, enable position locking for the API — how to do it

4. Get Your First Bot, run a simulation and start it

Once the exchange is linked, choose a ready-made bot:

• From the “Ready-made Bots” section in your account,
• Or from our blog.

For beginners, we recommend spot bots or futures bots, reconfigured for spot trading.

Why? 📌 Spot trading has no liquidation risk — it’s safer when starting out.

Tip

Before launching, always run a backtest - trading simulation.
What a backtest is, how to run and understand it

Discuss the backtest with support to confirm your findings.

A backtest will show:

• Minimum required deposit,
• Estimated profitability,
• Potential drawdowns,
• Deals that take too long to close, and a lot of other information.

For futures, also determine the Maximum Adverse Excursion (MAE) over a long period using a backtest - this is the basis for calculating the required maintenance margin.
The assessment method is described in this article.

5. Monitor the running bot and its trades

Once the first bot has been successfully launched:

1. Check the bot’s status on the bot card.
2. Wait until the first deal is opened and monitor its’ progress on the active deal card.
3. If the bot stops due to an error, read the description in the article about errors.
4. Familiarize yourself with trade management options in advance, in case the deal does not go as planned.

📌 Useful resources:

• Full list of bot settings
• Veles Academy
• Use the built-in hints directly in the editor (the “(i)” and “?” buttons).

6. Scale Up your Success

Once your first bot is generating profit:

1. Clone it for another coin.
2. Test new settings.
3. Determine a safe balance for running multiple strategies on a single trading account.

You can ask all your questions:

• Via the “Help” button in your account or on the Help site,
• In @VelesSupportBot,
• In @VelesCommunityEn — beware, scammers often impersonate support in private messages!

7. Free Consultation

Prepare your questions or topic, and book a free call with a specialist:

➡ Book a consultation

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💡 Summary:
You can complete all the steps and launch your first bot in just one day. The key is not to skip the backtest stage and not to rush with large amounts.