Two separate, independent wallets are used to operate the bot.
The first is the funds on the exchange account that the bot trades (Veles does not have access to the exchange balance, and cannot withdraw these funds anywhere). This amount is visible to you in the “Balance” field in the bot editor. The exchange account is replenished through the exchange interface – by transfer from an external wallet, for example, or through the purchase of cryptocurrency on the exchange:
https://help.veles.finance/en/?s=top+up+account
The second wallet is a service account for payment of commissions and subscriptions, it is located in the personal cabinet:
https://veles.finance/cabinet/account/balance
and it needs to be replenished when the bonuses earned for completing tasks run out there:
https://veles.finance/cabinet/challenges
When the funds on the balance of the service are exhausted, bots run their open deals to the end and do not enter new ones (that is, they miss entry signals).
Bots deposit is the amount you give to the bot so that it can trade.
The deposit for the bot must be in the trading account where you send your bot. The deposit amount must be less than the total balance of funds on the exchange account.
On Futures you can set up a high-risk bot using borrowed funds (so-called leverage) on your own deposit of 1 USDT. But on a Futures trading account you usually need to keep a reserve of free funds to support a position several times higher than the bot’s deposit, otherwise the exchange will liquidate the position even with a small price movement in an unfavorable direction. Please follow the recommendations on the ratio of deposit and margin when trading Futures:
https://help.veles.finance/en/how-to-reduce-the-risks-of-leveraged-futures-trading/
On the spot, you can set up a bot with a grid on inexpensive coins for a deposit of 10 USDT, and a single-order bot – even for a smaller deposit.
We review our showcase of ready-made bots on the main page on a regular basis, making our sample bots less risky.
For the bots from the showcase it is recommended that you have approximately 100 USDT for trading on Futures. For one futures bot with a deposit of 30 USDT, it is recommended to leave about 60 USDT as a supporting margin on the exchange trading account.
To run a backtest (Analysis, trading simulator) you only need a configured connection to the exchange, but you can assign any deposit for testing, no need to actually have it on your exchange account.
Trading on exchanges goes through orders (buy or sell orders, replenishment or reduction). And each exchange has its own requirements for the minimum order volume for each asset. The exchange publishes these requirements in its documentation, in the section “Trading Rules”, and they are regularly updated.
When the bot is running, its deposit is first multiplied by the leverage (for spot trading leverage = 1), then divided into smaller parts – orders in the grid, orders for multi-takes. Calculate the volume of your first order in the grid and divide it by your multi-takes – all of them must be greater than the minimum volume set by the exchange. Otherwise, the bot issues an error “Insufficient order volume”.
Possible solutions:
– take a cheaper coin (for example, BTC, ETH, BNB, SOL have higher requirements),
– reduce the number of orders in the grid,
– reduce the Martingale %,
– enlarge your multi-takes (make them smaller in number, but larger in volume percentage),
– increase the bot’s deposit.
