How to start a bot

1. Launch Profitage App and tap 🤖New Bot or +New Bot

2. You will see a list of preconfigured bots (presets). Each bot in the list is a preconfigured set of parameters that is ready to trade.

3. Choose a preset for start.

💡You can use filters to ease the selection.

You can filter exchange, bot direction and aggression level.

4. Choose bot mode DEMO or REAL

Any bot can be started either in DEMO or REAL mode.

DEMO mode is a simulation that makes virtual trades using real time data and it is free. Demo bots do not perform any exchange actions and have no prerequisites for launch. We tried to make bots in Demo mode as similar to Real as possible. Demo mode allows to test our presets, evaluate Real trading and risks before launching bots in Real mode. You can run up to 10 Demo bots at one time.

REAL mode is a real trading on an exchange. Real mode requires connected exchange API key and works according to the following Pricing model.

Some presets require specific subscription level for start. Your account should fit required subscription level to start such preset in any mode.

5. Choose Target Profit and Set Initial Balance (only for Spot Bots REAL mode).

6. Tap Start Bot and Yes.

7. Enable trade notifications: Tap Enable Notifier and press Start.

Start communication with @profitage_notifier_bot to receive notifications about bots trades, even DEMO bots send such ones. This allows you to log and monitor bot behavior.

💸 REAL mode prerequisites

1. Connected API Key to @profitage_bot.

Skip this part if you already have a connected API key. Otherwise, read this 🔑 Add API Key

2. Ensure you have enough funds on the bot market. Balance must fit preset required balance requirements.

Required balance is a constraint for the bot initial balance. It is not allowed to start a bot based on a wallet whose balance does not fit required balance range. This is made to provide correctness of the bot and market stability. Range of required balance is based on market and exchange individual specifics.

3. Ensure the wallet associated with the API Key has no open positions (for futures bots) and has no other bots running on it.

4. Ensure PP balance. There is internal currency - Profit Points in Profitage ecosystem, which is used to run bots.

For Futures bots Starting Cost of the bot cost in Profit Points is equal to Bot's Initial Balance USDT equivalent divided by 50 and rounded down.

Spot bots require at least 👑 Basic Subscription Plan (4 Profit Points per month), as well as ownership of tokens to launch the bot. For every 500 USDT equivalent of deposit 1 Profit Point is locked. These locked points will be unlocked once the bot is finished.

More info: Bots Pricing, How to Get PP.

5. After all checks are passed you can start a 💸 REAL Bot 🎉

📲 How to track bot trades

Bots send trading notifications each time they perform an action. To receive such you have start communication with Profitage Notifier Bot

Was this article helpful?

Any questions about this article? Ask or discuss them with real traders in our Community Chat.