Frequently Asked Questions (FAQs)

To enable automatic trading, you need a Binance account. Additionally, you must generate two API keys that allow our platform to execute trades on your behalf. These keys ensure secure operations without giving access to your funds.

Risk is the percentage of your capital that you are willing to put at stake for each trade, whether it results in a profit or a loss.

Steps to get Binance API keys:

1. Log in to your Binance account: Access your account using your email and password.
2. Go to the API Management section: Look for the "API Management" or "API Keys" option in your account settings, usually found in the security or profile menu.
3. Create a new API key: Click the button to generate a new API key. You will need to confirm your identity via a verification code sent to your email or mobile device.
4. Set permissions: When creating the API key, choose the permissions you want to grant. Common permissions include:
   • Read: Allows the app to read account information, such as wallet balances.
   • Write: Allows the app to perform trading operations (e.g., buying and selling cryptocurrencies).
   • Withdrawal: Allows the app to withdraw funds from your account.
   • Deposit: Allows the app to deposit funds into your account.
   Be sure to grant only the permissions necessary.
5. Download API Keys: Once permissions are set, you'll receive an API key and a secret key. Download and store these keys securely. Never share them with anyone, as they can be used to access your account and perform unauthorized transactions.

Important Considerations:

• Security: API keys are like passwords, so protect them carefully. Avoid storing them in unencrypted text files or sharing them with third parties.
• Limit Permissions: Only grant the necessary permissions to each API key to minimize risks.
• Revoke API Keys: If you suspect an API key is compromised, revoke it immediately and create a new one.
• Two-Factor Authentication (2FA): Enable 2FA on your Binance account for added security.
• Disable Withdrawal Authorization: Ensure the API key does not have withdrawal permissions unless absolutely necessary.

Long trades involve entering the BTC/USDT futures market when the strategy predicts that Bitcoin's price will rise. Conversely, short trades are initiated when the strategy anticipates a decline in Bitcoin's price.

A stop-loss is a predefined price level at which a trade is closed to limit potential losses. Sometimes, our strategy minimizes losses by exiting a trade earlier if market conditions warrant it, avoiding the full stop-loss level.

The position size is calculated by multiplying your available capital by the accepted risk percentage and dividing it by the stop-loss level. This ensures proper money management for every trade.