4 Simple Steps to Launch Your First AutoTrader Bot (Desktop)

What is AutoTrader?

AutoTrader is the next-generation platform for automated trading, simplified for retail investors.

AutoTrader enables users of all levels to quickly invest in thousands of tried-and-tested, automated trading strategies across Bitcoin, Ethereum, and 100+ other cryptocurrencies.

Here’s how to get started.

Step 1: Ensure Sufficient Funds in Your Spot Wallet

Before you begin, be sure your spot wallet has sufficient USDT – launching an AutoTrader bot will draw funds directly from here. Even though AutoTrader bots are technically futures bots, we’ve created separate AutoTrader wallets to separate your funds from your normal spot and futures trades. 

We currently only offer USDT for collateral, though this may change in the future. If you don’t have enough USDT, you can deposit more from another platform, or use the top-up function to buy USDT with your credit card.

Step 2: Choose Your Strategy

Now, choose your strategy! Please note that a total of 5 AutoTrader strategies can be run at the same time in a single market (5 per token). There are no limits to the number of strategies you can deploy across all markets, meaning you could run five different bots for each of the top 20 or 30 cryptocurrencies if you wish to.

Strategies can be filtered by token type, ROI, bullish or bearish approach, and more. Bots will have built in TP/SL (Take Profit/Stop Loss) parameters to protect users from liquidation risk. Occasionally your bot may suddenly deactivate – this is likely because the TP/SL orders have been triggered. This is all done to help you lock in profits (if your position is doing well) and protect you from liquidation risk (if your position is not doing well).

Step 3: Choose Amount to Invest

Here we have a Bitcoin bot with a bearish approach, which means it intends to short Bitcoin. Here, we want to invest 500 USDT; we can also see the percentage of our wallet that equates to.

Once purchased, a confirmation window will appear.

Step 4: Track Your Progress

You can view your current progress via the AutoTrader Dashboard, you can sort by date range from the top right. Scroll down to view your current active bots.  Note that you can quickly check your P&L and ROI.  

Click on a bot for a live view to track buys and sells.

To view your past trades, click “history”. 

If you get lost, you can always go back to the AutoTrader homepage and access the dashboard by clicking on this arrow here.