Bot Basics

Trading bots automate your trading strategy 24/7. Once tested, bots trade while you sleep, work, or live your life.

Quick Start

  1. Strategy LabLaunch Bot

  2. Choose a template (Momentum, Mean Reversion, or Breakout)

  3. Configure settings (pair, size, risk limits)

  4. Review and launch

Full bot creation guide →

Strategy Templates

Momentum - Follows trends, buys strength, sells weakness (trending markets) Mean Reversion - Buys dips, sells pumps (sideways/choppy markets) Breakout - Catches big moves when price breaks ranges (volatile markets)

Key Settings

Setting
Description
Recommendation

Trading Pair

Which crypto to trade

BTC-USD, ETH-USD (major pairs)

Order Size

Amount per trade

Start small ($100-200)

Trading Mode

Paper/Testnet/Live

Always test first

Leverage

Position multiplier

Start with 1x (no leverage)

Take Profit

Auto-exit at gain

3-5%

Stop Loss

Auto-exit at loss

1.5-2% (required!)

Monitoring Performance

Dashboard View:

  • Active bots count

  • Total P&L (profit/loss)

  • Open positions

  • Win rate and average profit

Bot Details:

  • Current position with entry/current price

  • Trade history

  • Performance chart over time

  • Execution logs

Dashboard guide →

Bot Controls

Action
Effect
Use Case

Pause

Stops new trades, keeps positions

Break during volatility

Stop

Stops trading, closes positions

End trading session

Edit

Modify settings (requires pause)

Optimize parameters

Delete

Permanently remove

No longer needed

Safety Features

**Position Limits - Can't exceed your maximum **Kill Switch - Auto-stops on total loss limit **Rate Limiting - Prevents order spam **Balance Checks - Won't trade without funds

Best Practices

Do:

  • Start with paper trading

  • Use small positions initially

  • Set stop losses always

  • Monitor daily

  • Test for 1+ week before scaling

Don't:

  • Skip testing phases

  • Use max leverage as beginner

  • Leave unsupervised for weeks

  • Trade money you can't lose

  • Chase losses with bigger sizes

Troubleshooting

Not making trades?

  • Market doesn't match strategy conditions

  • Insufficient balance

  • Bot paused

Losing money?

  • Strategy doesn't fit current market

  • Stop loss too tight

  • Market conditions changed

Too many trades?

  • Strategy too aggressive

  • Parameters need adjustment

  • Check for backtest overfitting


Learn More: Strategy Overview | Risk Management | FAQ

Need Help?: Troubleshooting | Contact Support

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