2) Join a BlockParty Trading CryptoBot
Whilst it is extremely simple to set-up and use there are essentially 4 systems you can use depending on what your situation and requirements are
This is a DCA trading bot that operates in the Crypto spot market. It trades the top 100 (by market cap) USDT & BTC pairs (you can choose to trade on or the other or both) or you can set it to trade specific individual pairs (you can find out how to filter them below).
We trade only the top 100 pairs by default to ensure good liquidity and to avoid being in trades for coins that are delisted.
These are mid term swing trades that can take anywhere between a couple of hours to a week to close. In the recent bear we have seen trades open for 1 month+, however, the nature of this controlled DCA system is that you never incur a loss and these positions are managed to profit by the bot. In order to actively manage open trades the bot requires funds so this is a higher allocation bot but that extra allocation creates safety and this is one of the safest options in crypto trading for yet consistent returns. This bot is safe, adaptable and is optimal to use during ranging and bullish markets.
Exactly the same as above although it will only trade with USD pairs (no BTC pairs) – these are more common pairs that have a larger variety of assets to trade for US citizens vs USDT pairs.
This trades in the Futures USDT market both long and short. We use a 2x leverage only to help manage the margin requirements safely with the nature of the DCA bot, which increases investments into open positions which can cause margin issues if not controlled in this way. Unlike the SpotDCA this can result in individual trade losses if a trade should get extremely out of control. Since we trade here with leverage we will close trades in a loss (with dynamic isolated margin) to ensure it will not liquidiate the entire balance. The advantage of FuturesDCA is that it allows us to short the market during the bearish periods, something the SpotDCA cannot do. These bots therefore compliment each other, and are designed to give you safe options to profit in bath upwards and downwards markets.
A high liquidity stop-loss based trading system that trades in the USDT Futures market. It exclusively trades on BTC/USDT with a short term swing style – it can achieve up 1-4 trades in a day and operates with the max leverage an exchange will offer. We set allocation based on the stop loss so regardless of how much leverage is used you invest an amount that will result in a uniform potential gain or loss. This has one take profit and operates with approx 55% winrate and a positive RR to achieve consistent returns in most market conditions. This is best to use in most market conditions, since it trades both long and short, although we recommend avoiding consolidating markets.
Well, this is the million dollar question….not literally. Ultimately it is always the staple rules of trade what you can comforatbly afford to lose – sounds negative but it is a good mantra to have in any trading. We do not offer advice on how much to invest as it is completely unique to each person. That beign said we can certainly tell you how to adjust your allocations and risks – please read on;
The allocated amount is what is used to define the risk per trade. What Is Risk Per Trade? . You can set your allocation on the dashboard under Allocated Capital.
If we use 5% per trade this means that for each trade in either USDT, BTC or FUTURES will use a 5% of risk per trade It is important to note, that you are always in complete control of your allocation and risk, which is all adjustable from the DCA Dashboard but we recommend being sensible and SETTING YOUR ALLOCATION TO THE MINIMUM AMOUNT ALLOCATED TO AN INDIVIDUAL ASSET.
eg. If you have $1000 in Spot USDT & $500in Spot BTC then we would suggest setting your allocation to $500
The DCA logic operates exactly the same although it will automatically split the orders up for you therefore whilst it may invest 5% per trade – what it actually does is is invests a small amount on the first order and gradually works up to 5% should the trade require it.
YES!!!! Different exchanges have different minimum tradeable amounts. This can impact the overall allocation of your bot and it is important to understand what your requirements may be.
Allocation Minimums Per Deal/Trade
Binance & Binance US | $170
Coinbase Pro | $17
Bybit | $17
Bitget | $17
Kraken | $85
Okex | $17
We have always been very anti-futures DCA although working with Anny we developed a built in risk system that will inhibit singular futures trades from going into a position where they can liquidate the entire account as many other DCA futures models do. The system that is deployed will essentially be similarly to an auto adjusting isolated margin trade – so should a DCA trade get out of control then it will only liquidate the individual trade and not the rest of the balance. Please note that in order to secure a safe DCA model for futures it does mean it can incur individual losses.
Quick Find | Dashboard Cog Icon > Auto Invest Cog Icon > Filters > Select/Deselect The Assets To Trade
| Hit The Dashboard Cog Icon
| Then The Auto Invest Cog Icon
| Filters > Select/Deselect The Assets To Trade
Allocated Capital – Please note that the minimum is very low to allow for easy smaller accounts but the position sizing does have to be adjusted accordingly if doing so. This will be the amount that the strategy will use per asset so if it is set to $1000 dollars the strategy will assume you will have $1000 USDT, $1000 BTC & $1000 Futures (If you want to avoid this then it is advised to turn off the assets you do not want to trade). Should you want to trade different amounts for different assets then you can use the official Anny Trader managers on the market place as they are also operated by BlockParty using the exact same signals and logic.
Position Sizing* – The default is 5% per trade – this is also the section that will need to be doubled if you want to decrease the allocation. The clever logic of Anny will automatically configure the risk/investment per trade to the very last safety order there for you do not have to worry about anything. 5% may seem like a lot but that is including the entirety of the DCA trade.
Risk Limit – This simply means how much you will allow your allocation be at risk to at any one time ie. if all of the open trades hit stop-loss then how much damage can be done? BlockParty has a clever risk limit infrastructure in place that will operate to 2.5% if you are following the default settings. You can only reduce this if using the default Position Sizing although if you go a little Degen and increase the Risk Per Trade in position sizing then it is advised to put a cap on how much this can go up to. For example if you set a Risk Per Trade to 10% and a Risk Limit to 50% then it means you will only be allowed to open 5 trades regardless of whether BlockParty sends further trades to your Copy Trader.
Entry: Define whether you want to enter automatically, which means as soon as the trade comes through you will enter or one-click follow, which means you can decide with one click whether to enter the trade or not.
Exchange: Define which wallet/exchange you have connected to Anny you wish to trade from
Compound – This will automatically increase/decrease the allocation you set in line with profit and loss from the strategy.
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