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enarjord / passivbot

Trading bot running on Binance, Bybit, Bitget, OKX, BingX, and Hyperliquid
https://www.passivbot.com
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Help for noob #2

Closed Filoudataset closed 3 years ago

Filoudataset commented 3 years ago

Hello Sorry to ask a stupid question but I'm new to Binance and Bot! Is it possible to test your two bot in "test mode" or on a very limited part of the portfolio?

Thank you and happy new year ! :-)

enarjord commented 3 years ago

hello, and happy new year to you

thanks for your comment

this bot runs on binance usdt futures and bybit inverse futures

in the case of binance, whatever is put into the usdt futures wallet is isolated from the rest of the account

i will mention that, due to binance's minimum 0.001 btc entry amount, depending on your settings, there is high risk of liquidation with less than ~200 usdt in the wallet. it works by doubling down the bet when the market moves against it. so to double down say 9 times, requires margin to cover 0.001 * 2**9 == 0.512 position size, which at 30000 usdt/btc with 125x leverage is about 131 usdt.

i have seen it double down 10 times.

be careful!