This article provides a comprehensive guide to understanding your trading statistics, our billing process, and essential trading etiquette for optimal bot performance. Learn how to track profits, manage withdrawals, and avoid common pitfalls to ensure seamless automated trading.
Monitor Your Trade Summary and Profit Realization
Within your dashboard, you will find a comprehensive summary of all your closed trades, along with the corresponding amounts settled as profits and other useful information about each trade.
Additionally, you can directly monitor your profits through your exchange’s order history feature.
Profits typically start accumulating after the first few hours of trading. The settled profits from trades can range from small amounts, such as cents or fractions of coins, to substantial sums, including thousands of dollars or whole coins, depending on your initial balance.
The profit generation at cryptobots.io is entirely dependent on market volatility, which influences the number of trades executed each month. During low-volatility periods, the number of trades and, consequently, the profits are usually lower. For more details on how market conditions affect performance, you may want to read Does the bot experience losses during trading?
Understand the Monthly Billing Process
The billing process is straightforward:
Snapshot of Realized Profits: At the beginning of each month, or by the end of a sizable trade, the system captures a snapshot of your total realized profits. A sizable trade is defined by a trade which used 100% of the available balance, which really only happens a few times per year.
Profit Calculation: The system compares this snapshot to the one from the previous month or billing cycle and calculates the difference as the total profit for the current month.
Invoice Creation: 33% of the calculated profit is determined, and an invoice is generated in the same currency as your settled profits. Learn more about our model on the Profit Share page.
Payment Window: You have 48 hours to complete the payment by following the on-screen instructions. Failure to do so will result in the deactivation of the bot from your account.
Important Trading Etiquette and Best Practices
To ensure optimal performance and avoid conflicts, consider the following before and during trading:
Before Starting:
Funds: Verify that your account has the minimum required funds before sending API keys.
API Key Permissions: Double-check that all permissions on the API keys are correctly set.
Correct Wallet: Ensure funds are in the correct wallet within the exchange.
Adding Funds:
Automatic Detection: The system automatically detects newly deposited base assets and starts trading. No notification to us is necessary.
During Trading:
Trailing Sell Orders: Absence of visible sell orders may be due to trailing sell functionality.
Bot Operation:
Bots are considered operational when there are active orders.
If you don't see any active orders, please contact support for assistance.
Note: There's a cooldown period of approximately 20 minutes between trades. For insights into how the bot utilizes your balance, see Does the System Use Your Entire Balance for Each Trade?
Asset Restrictions:
For spot strategies, do not withdraw or convert the quoted asset.
Example: If you are profiting in USD by trading against BTC, then your quoted asset would be BTC. Please do not withdraw the BTC from your balance.
Sub-Accounts for Flexibility:
While it's not mandatory, we highly recommend using sub-accounts for better flexibility. If you manage, trade, or hold different assets, sub-accounts allow for the segregation of automated trading from other activities, ensuring smoother management and reducing the risk of conflicts between strategies. This is especially useful for managing specific strategies like those for Bitcoin Bots, Ethereum Bots, or Solana Bots.
Managing Funds and Withdrawals
Partial Withdrawals (Derivatives):
For derivatives, partial withdrawals above 5% are not recommended without stopping the system first.
Request a bot stop before making large partial withdrawals.
Acceptable Partial Withdrawals: Partial withdrawals below 5% are acceptable without notification or system halt.
Full Withdrawals: We recommend only making full withdrawals after stopping the bot. For more information on fund management, please refer to Do Cryptobots Custody My Funds or Manage My Portfolio?
Important Disclaimer: Our system includes advanced monitoring tools that detect any manual interference with the trading process. If it is discovered that a user is manually altering, adjusting, or otherwise getting involved in the trades executed by our system, or if the same account reserved for automated trading is used for manual trading or holding other coins, the account will be immediately closed as per our terms of service on cryptobots.io. This policy is strictly enforced to maintain the integrity and optimal performance of our automated trading strategies. By using our services, you agree to abide by this policy and understand that violations will result in immediate account termination.
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