How to create and edit a bot? Full list of bot settings – Veles Help Center

How to create and edit a bot? Full list of bot settings

You can use ready-made strategies to create a bot. They situated on the main page of your Personal Account in the “Ready-made bots” section. Or you can create a bot from scratch, click on the “Create bot” button. Click on the name of the bot to edit it, or in front of the bot on three dots, and then “Edit

Full list of bot settings:

Exchange: Specify the exchange which is more convenient for you to work
API Key: Create a new API key, or select a previously created one
Algorithm: Set the algorithm of the bot
The LONG bot will buy the coin when the price decreases and sell it when it increases
The SHORT bot will sell the coin when the price rises and buy back what it sold when it decreases
Trading Pair: Select a trading pair. If you find it difficult to choose, there are pairs which mostly have been made in the majority in the last 24 hours
Deposit: Allocate a deposit to the bot, within which it will trade
Trading mode:

  • Conservative
  • Moderate
  • Agressive

When you click on any of the suggested templates, the settings fields located below will be filled in automatically. This step is optional, because you can manually set each of the settings.

Basic settings of the bot:

Price change overlap: This setting is responsible for how far the last order in the grid will be from the first one. So you specify by how many percent the grid of orders will cover the price change.
Indent of the first order: The indent of the first order sets the percentage by which its price in the grid will be less than the current one after entering the transaction (LONG algorithm), or how much it will be greater than the current price (SHORT algorithm).

Order grid tightening: There are situations when the bot has placed a grid of orders, and the price goes the other way — then the order grid tightening comes to the rescue, the bot cancels the current grid and looks for a new entry point.
With this parameter, you set the percentage by which the price should deviate from the first order in order for the current grid of orders to be canceled.
Important! If at least one of the orders has been executed, the grid can no longer be canceled.

Order Grid: This parameter sets the number of orders in the grid.
If you click on the “View Grid” button, you will see a potential grid of orders if the bot entered the transaction right now.

Martingale: This parameter regulates by how many percent each next order in the grid will be larger in volume than the previous one.
Partial placement of the grid of orders: With this parameter, you specify the maximum number of orders on the exchange that will work simultaneously.
Profit: In this parameter, we set the target profit as a percentage, which will be laid by the bot when calculating the price of the order completing the cycle (take-profit order).
Important! The exchange commission is not taken into account when calculating the price of a profit order.

Profit Coin: Sets which of the traded coins will have a profit. This setting is relevant for the spot.
Trailing Stop: Trailing stop orders are orders that move after the price when it moves in a favorable direction. If the price makes a reversal in the unprofitable direction by the specified deviation percentage, the trailing stop will close the transaction at the market price.

Additional settings:

Logarithmic distribution of prices: In the off state, each order in the grid of orders will be located at the same distance from each other along the entire overlap of the price change.

With a small price movement, basically only the first, smallest orders in the grid are executed.
But it is possible to involve a larger amount of funds with small price movements. You can enable the logarithmic distribution of prices, which will increase the density of orders at the beginning of the grid of orders and reduce the density of orders when moving away from the current price.

We told you more about logarithmic in a separate article.

Important: By specifying values greater than one > 1, you increase the density of orders at the beginning of the grid, and values less than one < 1 (these are values from 0.1 to 0.9), you also increase the density of orders, but only at the end of the grid.
If you click on the View Grid button, you can see a potential grid of orders that has been formed according to the specified parameter of the logarithmic distribution of prices.

Filters for starting the bot

Filters are used to find the entry point to the transaction.
You can read more about each indicator in the “Bot Start Conditions” section.

Notifications of the bot’s work

  • In your personal account, you can set up telegram alerts to monitor transactions in real time, to do this, go to the Notifications section.
    We described the setup process in a separate article.
    After connecting, you will receive notifications about transactions for all bots.

    You can choose the alerts that will come when:
  • Triggering the indicator and entering the transaction
  • When the take profit order is triggered and the transaction is completed
  • The occurrence of an error during the operation of the bot
  • Execution of the first order
  • Execution of the last order

Veles cooperates with stock exchanges!

Register using our links and get maximum bonuses from exchanges.