Full list of bot settings

There are two ways to create a bot in Veles: copy a template and adapt it for yourself, or build a bot from scratch. For beginners, we recommend to start with learning strategies and ready-made presets, and then gradually make changes.

Note

Use the hints in the configurator: buttons (i) and (?).

How to copy a bot from a template

1. Open the “Ready-made bots” section on the main page of your personal account:
   https://veles.finance/cabinet — the showcase is regularly updated.

2. Study the ready-made settings on our blog:
   https://veles.finance/en/blog/

If you open the bot using a link from the showcase or from the blog, you will get a personal copy of the settings. Until you save it, the bot will not appear in the “My bots” list in your cabinet.

To save the bot, specify:

• Binding to the API key of your exchange (the template may have a different exchange);
• if necessary — trading pair, deposit and leverage. The remaining parameters will be pulled up from the template.

How to create a new bot from scratch

Click “Create bot”, fill in the key fields and save.

Important

Before the launch, be sure to run a backtest (see Net profit, MAE and how the last deal in the period closed). Only if you are satisfied with the results, launch the bot on the exchange.

Read more:

• About API keys and bindings — in this article.
• About launching and analyzing backtests — in this article.

After saving, the bot will appear on the main page:
https://veles.finance/cabinet.

The description of the bot card is here.

How to edit a bot without risk

Open the bot card → “Pencil icon / Edit”.

If the bot is already “Running” the deal, it will finish the current deal using the old settings, and apply the changes in the next trade.

To avoid confusion:

1. Clone the bot,
2. change the settings in the clone,
3. stop the original,
4. launch the clone.

Full list of settings

Bot name

Give an informative name — it will speed up the search when there are a lot of bots.

API key (Binding)

Select a pre-created Binding to the API key. The type of trading (spot/futures/inverse futures) depends on it. How to create — see instructions.

Trade type

Choose the algorithm: Long or Short. More information about the directions is in the article.

Trading Pair

Set a trading pair. The first coin called base, the second is quote currency, usually USDT/USDC. The list shows popular pairs for 24 hours.

Don’t see the right pair in the list? Write to support “Please add a trading pair” and attach a link like this:
https://www.bybit.com/trade/usdt/ETHUSDT.

Deposit

The amount within which the bot trades.

• Spot: the deposit is divided to orders and placed on the exchange.
• Futures: the deposit is multiplied by leverage, then divided to orders.

Exchange Balance (read-only)

The non-editable field shows the available free funds on the trading account.

Recommendation: for futures, set a deposit as ≈ 1/10 of the balance. For the exact calculation, see this article.

Leverage

Available on futures. Increases position volume, as well as risks of trading.

Important

1. If there is already an open position for the coin — set the same leverage in the bot, because the bot will change the leverage on the trading account both for Long and Short directions.
2. Bots with lock “By position” must have the same leverage. The bot sets the leverage first, and only then can it be limited by the lock.

Margin type

• Isolated: risk is limited to a margin of a specific position.
• Cross: risk affects the balance of the entire trading account (+ collateral coins, if configured).

Important

Make sure that all bots on the same account work with the same margin type — on many exchanges, the margin type switches for the entire account at once.

Trading mode: “Simple”, “Own”, “Signal”

• Own: trade with one order or manually set the indents and volumes in the grid.
• Simple: DCA-grid of limit orders is built automatically.
• Signal: market averaging orders with filters/indicators (each order is based on a set of conditions).

Overlapping of price changes

The %-range between the first and last order in the grid. Choose the % based on the typical volatility of the instrument.

Grid of orders (number)

The more orders there are in the grid, the smaller each order will be (the position volume is divided into more parts). Evaluate the grid on the preview chart.

% Martingale

The parameter determines how the volume of each subsequent order increases in the grid. The higher the Martingale percentage, the faster the average position price pulls up to the current one.

Indent of the first order

• Long: the limit order placed below the deal entry price by the specified %.
• Short: the limit order placed higher than the deal entry price by the specified %.

We recommend 0 / “Market” — in order not to lose entry points due to Pull up and commission nuances.

The grid is built from the first order up to the selected overlapping % (downwards for Long, upwards for Short).

Logarithmic price distribution

Defines the step between orders.

• Off: uniform distance.
• On: оrders are placed densely at the beginning of the grid, and sparsely at the end of the grid (see the preview on the chart).

Partial placement of a grid of orders

Limit the number of simultaneously placed orders (for example, 3). The rest of orders will have the “Pending” status and they will be placed on the exchange as soon as the active ones are executed.

Pulling up the order grid

If the price has gone away from the placed orders, the bot will cancel the deal (all the orders) and wait for a new entry point.

If you set for the 1st order Indent = 0 / “Market”, the Pull up is ignored (but the parameter must be configured anyway to save the bot).

Be careful with the Indent and the Pull up

If the values are set too high, it may take hours/days between placing and executing the first order. By the time the condition is fulfilled, the indicators are already inappropriate, the deal entry point will be “wrong”. Check the timing of the order creation/execution!

On a real exchange, the grid always differs slightly from the calculated one: there are restrictions on the price/volume step, indivisible lots, etc. The bot adjusts the grid to the rules of the exchange.

Stop bot after N deals completing

Specify the limit of deals, after which the bot will switch to the status “Terminated”. If you edit the parameter during an active deal and set it to “1”, then the current deal will be counted as the first one.

Include a position on the exchange in a trade

Transfers the already open futures position under the control of the bot (for example, after an error, manual trading, or execution of forgotten orders).

The included position will be marked as order “-1” with “Position” type, pictured as “hanging in the air” on the graph.

Trade entry conditions

• No filters: bot will open a new deal immediately after the previous one is closed.
• Filters added: you will need to set filters, and the bot will wait for all conditions to match.

The indicators on the platform are constantly updated. The editor has a button ”?” with a quick access to help articles about each indicator.

The “Calculate / Show” buttons are for previewing the start points on the graph.

Take profit

Three modes to choose:

• Simple: one limit order at % profit,
• Own: partial limit Take Profits at different levels,
• Signal: exit with market order by the indicator signal (we recommend adding a Minimum PnL check).

Stop loss

Limitation of potential losses. Before turning it on, study the detailed description and compare the levels with the statistics of the wicks (see Backtests).

Test

Run the backtest before real trading (even if it’s someone else’s preset/purchased preset). How to read the results and look for weaknesses in a strategy see this article. If something is unclear, ask questions in the support/community chat.

TradingView chart

Chart for the selected coin with a preview of your grid and prices calculated from the current price (and not from a hypothetical entry point). You will see:

• how wide is the grid in total and the indents between the orders,
• the final average price after the execution of the entire grid,
• the level and sum of the stop loss (if it is enabled).

Zoom in to check all the levels.

Each order must have a label with price (red/green) and volume (black badge).
If there is no volume for some order, you will not be able to create it (bot will get an error).

Create/Update a bot

The button is activated when all required fields are filled in (including “Pull up”, filters for Profit → Signal, etc.).

The name of the bot must be unique.

To rename — open bot in the editor, change the “Name” and click “Update”.