Frequently Asked Questions

Override settings Platinum Plus service for the BOT

For Platinum Plus please adjust the following settings:

Override MUST be disabled; Main menu config, name of client (exchange) for Platinum, Override Signal Config, If the menu shows Enable it's disabled already.

Note: Override Disabled means the bot will bypass your personal settings like leverage, instead the bot will apply the settings in the signal, which is the purpose for Platinum Plus.

 

How to connect a new BOT account for the Gold/Margin/Platinum channels?

If you haven't done so yet, first of all connect the Bot with your exchange(s) (Clients):

- Make an API on your exchange account page. Enter a custom name, leave CIDR blank, permissions ORDER and Create API Key

In your Bot's channel:

- Main menu, Configuration, General, Client Management, Add, Choose the exchange you'd like to add (e.g. Bitmex, Binance), Enter custom name or choose suggested, Enter the API and SECRET in this format APIxxxxxxx, SECRETxxxxxxxxxx followed by choosing SEND

Instructions for setting up the Auto Bot:

- First you need to let the Bot know what your location is. You may need to do that with a mobile device as GPS may be used. Open GPS by choosing the paperclip on Android or the 4 dots bottom right for IPhone.
Chinese and US citizens are excluded for use of the Auto Bot, if you're using a VPN outside of these countries make sure it's not connected to one of them either.

Then follow these steps closely:
- From the Bot's main menu, choose Auto Trading with the fire icon
- Choose the client (exchange) you'd like to adjust the settings for
- Subscribe a channel, VCT Gold, VCT Margin and/or Platinum
- Choose client-client name-Configuration

- Only for Margin/Gold: Here you can set the amount of trades you want to have open at once and the trade amount it has to use per trade

- Finally, from the main menu, choose Auto Trading again, Choose client, i.e. Binance/Bitmex, Enable. (If the menu shows Disable it's enabled already) Repeat this for every exchange you'd like to Autotrade with. For Platinum Auto Trading should always be enabled.

- For Platinum Plus Override MUST be disabled; Main menu config, name of client (exchange) for Platinum, Override Signal Config, If the menu shows Enable it's disabled already
(Override Disabled means the bot will bypass your personal settings like leverage, instead the bot will apply the settings in the signal, which is the purpose for Platinum)
- Sometimes it may be needed to click One Click Follow under a call to get fully Auto Trade running for the first time.

How do I configure my own preferences for the auto trading bot?

First you need to let the Bot know what your location is. You may need to do that with a mobile device as GPS may be used.

  • From the main menu, choose Auto Trading with the fire icon
  • Choose the client (exchange) you'd like to adjust the settings for Subscribe a channel, Gold and/or Margin
  • Choose client-client name-Configuration
    Here you can set the amount of trades you want to have open at once and the trade amount it has to use per trade
    Sometimes it may be needed to click One Click Follow under a signal to get fully Auto Trade running for the first time
How do I enable the autotrader

In order to set up the autotrader, you need to do the following.

 

- From the Bot's main menu, choose Auto Trading with the fire icon
- Choose the client (exchange) you'd like to adjust the settings for
- Subscribe a channel, VCT Gold, VCT Margin and/or Platinum
- Choose client-client name-Configuration
Here you can set the amount of trades you want to have open at once and the trade amount it has to use per trade
Finally, from the main menu, choose Auto Trading again, Choose client, i.e. Binance/Bitmex, Enable. (If the menu shows Disable it's enabled already) Repeat this for every exchange you'd like to Autotrade with.

How to setup the automated version of the BOT

The bot will automatically follow after every signal, edit, cancellation in your behalf which is great for people who works full time job or those who just don’t have much time to be in front of a device and don’t want to miss anything.

In order to config that:

First, choose the Trade amount under the Configuration > Trade Amount section
That will define how much you want to invest in every signal.
Second, go to Auto Trade section, send your location, if approved choose a client and a channel to subscribe to and you’re done.

How to create a signal with free text

Instead of navigating to the Trading bot and create your trade step by step using the buttons of the bot. It's also possible to copy a 'free text' into the bot.

To do so:

Go to the bot: Trades --> Create --> Free Text .

Now the bot asks you for a template. Please use the following template as an example and adjust it to your needs:

Long

ltch19
bitmex
buy 38500 - 39100
sell 39799, 39851, 40111
stop 35700
leverage 10

 

Short

TRX/BTC
Exchange: BitMEX
Leverage: 10.0X

entry 608 - 620 - 634 - 647 - 660

sell 593 - 585

stop-loss 690

How do I set leverage?

When inside the bot on Telegram please do the following:

Go to main menu --> Configuration --> Leverage for the default leverage settings. Make sure that you changed the leverage in the configuration for the right client and the right symbol.
You can also set the leverage at the top of a call to whatever you want. If the trader adds the leverage it will override your basic settings.

What is a trailing stop and how do I use it?

Buy advanced bot
There four types of trailing Stops:

The goal of the trailing stop helps you secure and lock-in profits made in trades managed by the trading bot.
The trailing stop is a great tool when used correctly so you should try to familiarize yourself with all four different trailing stop types our bot offers.
The difference between trailing take-profit/entry and the trailing stop and that the two former trailing types are activated on the order that is reached only, while the trailing stop is activated on the rest of the amount that is left in the trade.

Let’s consider the following trade as we explain the 4 different trailing stop types:
Entry Targets:
1) 0.003 (50%)
2) 0.002 (50%)
Take-Profit Targets:
1) 0.004 (50%)
2) 0.005 (25%)
3) 0.006 (25%)

The following are the different trailing stop types:
1. Breakeven: This trailing stop type will move your stop to the average entry price once the first take-profit target is reached.
In the above example, the average buy price will be 0.0025, so once the first take-profit is reached the stop will move to that price.
As mentioned, the stop will be activated only on the amount remaining.
In this case, since 50% of the amount is sold in the first take-profit target, the stop will include the remaining amount which is the remaining 50% of the trade.

2. Moving Target:
When using this type of trailing stop, the bot will move your stop to the price of the previous take-profit target, the one before the new take-profit target that is reached.
More specifically, when the first target-profit is reached the stop will be moved to the breakeven price, when the second's take-profit target is reached the stop will be moved to the first take-profit target price and so on.
In the above example, when the first take-profit target is reached the stop will be moved to 0.0025 (the breakeven price) and will contain the remaining 50% of the amount.
When the seconds take-profit is reached, the stop will be moved to 0.004 (the first take-profit price) and will contain the remaining 25% of the trade amount.

3. Target Percent:
Using this trailing stop, the bot will move the stop to the specified percent below the take-profit target that is reached.
Let’s assume for this example that the target-percent is defined with 5 percent.
In the trade example above, when the first take-profit target is reached the stop will be moved to 5% below the target price, which is 0.0038, When the second take-profit target is reached, the stop will be moved to 5% above the target price, which is 0.00475.
Just like before, the stop will only include the amount that was not sold in the other take-profit targets.

4. Percentage:
In this case, when the first take-profit is reached a trailing stop will be created the specified percentage below the target price, and will keep trailing that same percentage below the maximum price that is reached.
For example, if the percentage is defined to be 5%, then when the first take-profit target is reached a trailing stop will open 5% the target price, at 0.0038, on the remaining 50% of the trade amount.
Then as the price keeps increasing, the trailing stop that contains 50% of the trade amount will keep trailing 5% below the maximum price that is reached.
When the second take-profit is reached, the trailing stop will keeps trailing 5% behind the maximum price.
However, the amount of the new take-profit target that is reached will be removed from the trailing stop, and will be sold (either sold immediately or a trailing take-profit will be activated on that amount, depending on the trade configuration).
The trailing stop at that point will contain the remaining 25% of the trade amount and keep trailing 5% behind maximum price that is reached.

Trailing stop configuration:
You can now select to disable the trailing stop by clicking the Without option, or alternatively select one of the different trailing stop types to set them as your default trailing stop.

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Do I still have to move the stop loss manually to break even when a target is reached or is this done automatically?

Set this by going to Configuration --> Trailing --> Stop --> Choose Trailing Type --> Breakeven.

I don’t have the funds to pay for the subscription at once. Can I split my payment?

Yes, you can pay for your subscription in terms: In order to do so, please contact one of our staff members on telegram by searching for : "@verifiedcrypto" (without quotes). They will make an arrangement with you!

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