Spot Martingale on Bitget- Website Guide
[Estimated Reading Time: 3 minutes]
This article provides a step-by-step guide to using the Spot Martingale Trading Bot on Bitget. Learn how to configure and activate this strategy to automate your trades efficiently, whether you're buying during dips or selling during price rallies.
What is Spot Martingale?
The Spot Martingale strategy is an automated trading approach designed to help traders maximize profits by systematically buying more of an asset as its price declines. It’s based on the Martingale principle, which lowers the average purchase price and profits when the price recovers.
In Spot Martingale, traders can choose between Normal and Reverse modes to suit different market conditions:
-
Normal: The strategy buys more as prices drop, expecting a rebound to sell at a profit.
-
Reverse: The strategy sells more as prices rise, expecting a subsequent price drop to buy back at a lower level.
How to Set Up the Spot Martingale Trading Bot?
Step 1: Access Spot Martingale
1. Navigate to the Bots tab in the main menu.
2. Select Spot Martingale from the dropdown menu.
Step 2: Choose Your Mode
1. AI Mode:
-
Select this if you prefer the bot to configure parameters like price action, safety orders, and take-profit targets automatically.
-
This mode is ideal for beginners or those who want a quick setup.
2. Manual Mode:
-
Choose this if you want full control to customize all parameters, such as base order size, safety orders, and rebalancing preferences.
-
Manual mode is recommended for experienced users who want to fine-tune the bot to match their trading strategy.
Step 3: Select Trading Style
1. Decide which mode suits your market outlook: Normal for buying during dips and selling during rebounds, or Reverse for selling during rises and buying back at lower prices.
2. Confirm your choice by selecting Normal or Reverse in the setup interface.
Step 4: Configure Trading Parameters
1. Price Action (Down):
-
Define the percentage price drop that triggers a safety order.
Example: If set to 5%, the bot will place an additional order every time the price drops by 5%.
2. TP Target (Take-Profit Target):
-
Set the profit percentage at which the bot will close positions.
Example: If set to 2%, the bot will close all trades when profits reach 2% of the average position price.
3. Max Safety Orders:
-
Specify the maximum number of additional orders the bot can execute.
Example: If set to 3, the bot will place up to three additional orders during a price drop.
4. Base Order Amount:
-
Enter the size of the initial trade the bot will execute.
Example: If set to $1,000, the bot will use $1,000 for the first buy or sell order.
Step 5: Adjust Advanced Settings (Optional)
1. Sell at Termination:
-
Enable this option to sell all holdings and convert them into USDT when the bot is stopped.
2. Reinvest Arbitrage Profits:
-
Enable this feature to reinvest profits into the next trading cycle, facilitating compounding growth.
3. Starting Condition:
-
Immediate Trigger: The bot starts trading immediately upon activation.
-
Conditional Trigger: The bot waits for specific market conditions before starting.
4. TP Calculation (Take-Profit Calculation):
-
Total Volume: Calculates take-profit based on the combined value of the base and safety orders.
Example: If the total investment is $1,000 and TP is set to 2%, the bot will take profit when earnings reach $20.
-
Base Order Volume: Calculates take-profit based on the base order only.
Example: If the base order is $500 and TP is set to 2%, the bot will take profit when earnings reach $10.
5. Safety Order Price Interval:
-
Set the price gap between safety orders (e.g., 1%).
6. Safety Order Multiplier:
-
Define the size of each subsequent safety order relative to the previous one (e.g., 2x doubles the size of each additional order).
7. Crossing-Down Termination Price:
-
Set a price limit where the bot stops placing safety orders if the market moves too far against your strategy (e.g., $96,000).
8. Cycles:
-
Infinite Cycles: The bot will continue trading indefinitely until manually stopped.
-
Custom Cycle: Allows you to specify the exact number of trading cycles the bot will execute before stopping.
Step 6: Launch Your Bot
1. Review all your settings carefully.
2. Confirm your available balance meets the required funds.
3. Click Create to activate your Spot Martingale bot.
FAQs
1. What is the difference between Normal and Reverse modes?
Normal Mode is best for sideways or recovering markets with price dips and rebounds, while Reverse Mode is ideal for trending or overbought markets with price rises and corrections.
2. What happens if the market moves against my strategy?
The bot will continue executing safety orders until it reaches the Max Safety Orders limit. Be sure to set this according to your risk tolerance.
3. Can I adjust the bot after it starts?
Yes, you can pause the bot and modify parameters like order size, safety orders, or profit targets.
4 . Are there any additional fees?
The bot incurs standard spot trading fees for each executed trade, but there are no extra charges for using the bot itself.
5. What is the minimum amount required to start?
The required amount depends on your Base Order Size and Max Safety Orders settings. Check the "Amount Required" field during setup.
Disclaimer and Risk Warning
All trading tutorials provided by Bitget are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. Bitget is not responsible for any trading decisions made by users.
Join Bitget, the World's Leading Crypto Exchange and Web 3 Company
Share
