Close menu

Our Services
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD
JOIN THE FREE DISCORD

Wiki menu

ForexBot Guide & FAQ’s

| What Account Type Should I Use?

We use lowest possible spread account types due to the nature of the trading style which would be Pro/VIP for TICKMILL and ECN/ECN Plus for HANKOTRADE. You can use the standard accounts although the larger spreads will cause trades not to be exactly in sync with the trades we are placing.

| How Much To Trade?

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 make sure you understand the settings for your allocation properly.

| Will Brokers Minimum Trade Amounts Be A Problem?

Yes, there is not a minimum on the ForexBot although please be aware of what the broker minimum lots are – we trade with risks as low as 0.35% per order and the minimum lot sizes are 0.01 to place a trade so if your order falls below that then order will be rejected.

| Can I use other Brokers?

No – it has to be eithet TICKMILL or HANKOTRADE via our BlockParty Trading links – if this is not done then your account will be removed with no refunds given.

| How To Filter EURUSD or XAUUSD Assets?

If you would like to block trading on EURUSD or Gold then simply head to “Configurator” > “Trade Copier” >”DisableSymbols”and deselect anything you do not want to trade

 

| Can I Attach A Funded Account/Prop Firm Account?

no, No, NO!!!! You will be removed if you do not use a BlockParty Partner Account via Hankotrade or XM.Com AND you will very likely get banned from the Funded Account due to their restrictions on copy-trading services. You have been warned!

 

 

 

Remember all Trading carries inherent risks and liquidations of funds regardless of multiple precautions and strategies put in place. Always use nominal amounts and minimise risk until you are fully versed on how futures operates both on Anny & your chosen exchange as we hold zero liability for lost funds via strategy or technical issues.

 

PREVIOUS

ForexBot Set-Up

NEXT

CryptoBot Set-Up

CryptoBot Guide & FAQ’s

| What To Trade?

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

| SpotDCA

This is a DCA trading bot that operates in the Spot Crypto market only. It trades with assets that are compatible with USDT & BTC – you can optional trade both or just individual pairs (you can find out how to filter them below). These are mid term swing trades that can take anywhere between a couple of hours to a week to close. In poor markets it can lead to trades beeing open for 1 month+ – the nature of the controlled DCA will continue to manage these into profit and never conceed a loss. Only the top 100 Market Cap assets are traded to avoid any impulsive delistings. This is a higher allocation bot with a long time hold on average per trade – it is one of the safest options for trading in return for a lower yield. These are optimal to use during rangin and bullish markets

| SpotDCA (USD)

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.

| FuturesDCA

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. Unlike the SpotDCA this can conceed individual trade losses if a trade should get extremely out of control. This is managed with a dynamic isolated margin to ensure it will not liquidiate the entire balance and just the allocation for the individual trade – this is designed not with the ability to increase alloaction above means in mind but to take advantage of being able to short the market during the bearis hperiods which is when it is best to use.

| FuturesTrader

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 although margin will always adhere to the assigned risk per trade selected by the user or the provider recommendation – so ultimately leverage is somewhat irrelevant. This has one take profit and one target that 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 – like with all strategies it can fail during prolonged periods of tight consolidation.

| How Much To Trade?

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.

 

 

| Will Exchange Minimum Trade Amounts Be A Problem?

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
Binance & Binance US | $3400
Coinbase Pro | $340
Bybit | $340
Bitget | $340
Kraken | $1700
Okex | $340

(these are the min. allocations needed for optimum performance, based on 5% Total Risk Per Trade, allowing 20 concurrent trades.)

Exchange minimums impact total allocations significantly. Here’s what to do if you have less than the exchange minimum.

How To Lower Required Allocation?
1 | 50% Min. Allocation
2 | 2x The Risk Per Trade
3 | Repeat until preferred allocation is met

Example 1 Binance min for 20 trades at 5% risk is $3,400
$3,400 / 2 = $1,700 new total allocation
5% Risk Per Trade x 2 = 10% new risk per trade

Example 2 Binance min for 20 trades at 5% risk is $3,400
Available capital = $500
$3400 / $500 = 6.8
5% risk per trade x 6.8 = 34% new risk per trade

 

| Does Futures Bot Work Differently

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. 

 

| How To Filter USDT or BTC Assets?

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

 

 

 

| What Does Everything On The Dashboard Mean?

 

 

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.

 

| What Does DCA Mean?

 

 

 

Remember all Futures carries inherent risks and liquidations of funds regardless of multiple precautions and strategies put in place. Always use nominal amounts and minimise risk until you are fully versed on how futures operates both on Anny & your chosen exchange as we hold zero liability for lost funds via strategy or technical issues.

 

PREVIOUS

CryptoBot Set-Up

Update succesful!

Already have an account? Sign in

Contact details

Choose your membership level

Your contact details

Forgotten your password?

No worries, we’ll send you details.