Spot Martingale on Bitget- Mobile App Guide
[Estimated Reading Time: 3 minutes]
This article provides a step-by-step guide to using the Spot Martingale Trading Bot on the Bitget Mobile App. Learn how to configure and activate this strategy to automate your trades efficiently, whether you're buying during dips or selling during rallies.
What Is Spot Martingale?
The Spot Martingale strategy automates trading based on the Martingale principle. The bot progressively buys more of an asset as its price declines, lowering the average purchase price and profiting when the market recovers. Key Features:
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Normal Mode: Buys during price dips and sells during rebounds.
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Reverse Mode: Sells during price rises and buys back at lower prices.
How to Set Up the Spot Martingale Trading Bot?
Step 1: Access Spot Martingale
1. Tap the Trade tab at the bottom navigation menu.
2. Select the Bots tab.
3. Tap Spot Martingale from the available options.
Step 2: Choose Your Mode
1. AI Mode:
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Automatically configures parameters like price action, safety orders, and take-profit targets.
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Ideal for beginners or users seeking quick setup.
2. Manual Mode:
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Allows full customization of parameters such as base order size, safety orders, and profit targets.
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Recommended for experienced traders.
Step 3: Select Trading Style
1. Normal Mode: Choose this option for buying during price dips and selling during recoveries.
2. Reverse Mode: Choose this option for selling during price rallies and buying back at lower prices.
Step 4: Configure Trading Parameters
1. Price Action (Down):
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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):
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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:
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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:
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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:
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Enable this option to sell all holdings and convert them into USDT when the bot is stopped.
2. Reinvest Arbitrage Profits:
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Enable this feature to reinvest profits into the next trading cycle, facilitating compounding growth.
3. Starting Condition:
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Immediate Trigger: The bot starts trading immediately upon activation.
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Conditional Trigger: The bot waits for specific market conditions before starting.
4. TP Calculation (Take-Profit Calculation):
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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.
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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:
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Set the price gap between safety orders (e.g., 1%).
6. Safety Order Multiplier:
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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:
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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:
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Infinite Cycles: The bot will continue trading indefinitely until manually stopped.
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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 your settings, including base order size, safety orders, and profit targets.
2. Confirm your available balance meets the bot’s margin requirements.
3. Tap Create order to activate your Spot Martingale bot.
FAQs
1. What is the difference between Normal and Reverse modes?
Normal Mode buys during price drops and sells during rebounds, while Reverse Mode sells during rallies and buys back during corrections.
2. What happens if the market moves against my strategy?
The bot will execute safety orders until it reaches the Max Safety Orders limit or the Crossing-Down Termination Price.
3. Can I adjust the bot after activation?
Yes, you can pause the bot and modify parameters such as order size, safety orders, or take-profit targets.
4. Are there additional fees for using the bot?
No, but standard spot trading fees apply to all executed trades.
5. What is the minimum amount required to start?
The amount depends on your Base Order Size and Max Safety Orders. 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 and understand the risks involved. Bitget is not responsible for any trading decisions made by users.
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