Introducing Mrweb Trading Bot
Mrweb finance is pleased to release the first version of its crypto trading bot at mrwebtrade.com. A trading bot is a software made to automate the buying and selling of crypto(in this context) with the goal of reducing losses and risks and increasing profits.
The Bot Interface
Mrwebtrade has a simple interface, unlike others that make it difficult for users to use.
From the Image above,
1. This shows the exchange and price data
2. This shows your bitmart USDT balance
3. This shows your bitmart AMA balance
4. This shows your total buy and sell orders amount.
5. This contains the menu for settings
6. This shows the list of Exchange bots. Currently, only bitmart exchange bot is in use.
7. This cancels all the buy orders created by the bots
8. This cancels all the sell orders created by the bots
9. This gives you a history of your completed trades
10. This is the button used to create a new bot. You can create as many bots as you want.
Where to Use Our Bot
The bot is built to support only AMA/USDT pairs on the 3 exchanges where it’s listed(Bitmart, XT.com, and Digifinex) but the first version will support only the bitmart trading pair.
Why Use Our Bot/ Features
✓ We will keep updating the software to suit the needs of users and help reduce the stress of staying online before winning trades. As said before, the ultimate goal of this bot is to increase profit and reduce risks in trading so when given sufficient funds, the bot will only give profit unless when you run out of funds or cancel the orders that will change the calculated profit target.
✓The bot gives trades only at your desired profit percent. Depending on the profit one wants per trade(a trade here means to buy and sell) the bot creates buy and sell orders within those ranges whenever there is a market movement.
✓You choose the amount of your funds that a bot should use.
✓There are no fees for using the bot.
✓You can create as many bots as you want.
✓You can set the price when the bot should only buy or only sell.
✓You can set the price when the bot should stop creating orders.
How to Use the Bot
1. You must have a bitmart account and also registered at mrwebtrade.com
2. Log in to bitmart.com and go to the account section >> https://www.bitmart.com/account/en
Scroll to the security settings and from there, API settings, click on Set. Follow the steps to set up an API key, memo, and secret key. A memo can be any name. Make sure to keep them safe.
3. Log in to mrwebtrade.com, from the right menu, click on mrweb bot, and from there, click on settings, and from the new window, fill in the details that you obtained from bitmart(API/ Access key, secret key, and memo). Save the data.
4. To create a new bot, click on New Grid Bot.
Let’s understand some terms first from the image above
Grid size(Buy and Sell): This is the number of orders you want the bot to create per price movement. The minimum is 3 and max 9. Choosing 3 means 3 buy and 3 sell orders at a time totaling 6 orders at a time. 9 means 9 buy and 9 sell orders totaling 18 orders at price movement. Take notice of your account balance before choosing this number. A higher number means you need more funds to let the bot run continuously.
Target profit (%): The profit you want to win from a trade(buy and sell orders that are created at a time.)
Max Buy Quantity per order(AMA): This is the max buy order a bot should create. If one enters 300, this means the max buy order is 300 AMA. If a 3 grid was selected, the bot will create 3 random buy orders at any price movement without exceeding 300 AMA per order. Always consider your funds before choosing this amount. A higher value means you must have higher AMA reserves to keep the bot working 24/7
Max Sell Quantity per order(AMA): This is the max sell order a bot should create. If one enters 300, this means the max sell order is 300 AMA. If a 3 grid was selected, the bot will create 3 random sell orders at any price movements without exceeding 300 AMA per order. Always consider your funds before choosing this amount. A higher value means you must have higher AMA reserves to keep the bot working 24/7
Buy limit price: This is the price at which the bot stops creating buy orders. However, the bot will continue creating sell orders. If your Buy Limit is 0.035 at the current price of 0.032 in a 3 grid bot, when the price rises 0.035 or above, the bot will only create 3 sell orders at any price movement.
Sell limit price: This is the price at which the bot stops creating sell orders. However, the bot will continue creating buy orders. If your Sell Limit is 0.025 at the current price of 0.032 in a 3 grid bot, when the price drops to 0.025 or below, the bot will only create 3 buy orders at any price movement.
Stop Limit Max: This is the price at which the bot stops creating buy and sell orders when the price rises to or above that price. If your Stop Limit Max is 0.05 at the current price of 0.032, when the price rises to 0.05 or above, the bot will not create buy and sell orders at any price movement. However, when the price falls below the 0.05 price mark, the bot starts working again.
Stop Limit Min: This is the price at which the bot stops creating buy and sell orders when the price falls to or below that price. If your Stop Limit Min is 0.025 at the current price of 0.032, when the price drops to 0.025 or below, the bot will not create buy and sell orders at any price movement. However, when the price rises above the 0.025 price mark, the bot starts working again.
For a better understanding of the differences between Stop Limit Max and Stop Limit Min, one should see this as a range within which the bot works, outside this range, puts the bot to a halt and once the price is within the range, the bot starts working again.
Stop Limit Min is the lower limit and Stop Limit Max is the upper limit.
From the above values;
Stop Limit Min, A of 0.025
a price, B of 0.032
Stop Limit Max, C of 0.05,
the range could be thought of as {A ≤ B ≤ C}. When B, the price is out of this range, the bot stops working.
Is Privacy and Safety Guaranteed?
Yes, the site encrypts your login data(password) and other data such as your API information. Only your order history is saved for your own consumption. Apart from this, no other data is stored on our website so your privacy is guaranteed.
Terms and Conditions
✓You must be at least 18 years and above to use our site.
✓Bear in mind that you may lose your funds and when such happens, we are not liable for this. The bot only helps to automate the creation of orders(buy and sell) based on the profit you want to make. Choosing higher profit margins may lead to a total loss should the price go in one direction without hitting your very low or high orders as a result of your high-profit margin.
✓The Platform is best used on Personal Computers and may not be easy working on mobile devices. We will not be responsible for your actions should you fail to use it on a personal computer.
✓We do not provide any investment, legal, or tax advice. You should be aware of the risks in trading cryptocurrencies before using this mrwebtrade site and its content.
✓We do upgrade our trading software to function well. In an event of an upgrade, we will inform all our users prior to this. We will not be liable for any damages caused should you fail to take the necessary steps we indicate during upgrades. We will always give ample time to cover all time zones before rolling out our new upgrades in case the upgrades will affect trading orders and other vital functions.
Support
We have a telegram group dedicated to solving all your problems, do not hesitate to ask your questions there.
Conclusion
We keep building to get everyone their financial freedom. We believe that our bot will be a start point for many crypto enthusiasts to earn from trading. The more you use the bot, the more likely you will develop strategies that help to earn big. We will always be glad to have all our users see profits instead of losing from minor mistakes.
Please, always remember to use what you can afford to lose. And do not aim for high profit per trade. It is better to earn 0.1% per trade and make 100 trades per hour than waiting for a 10% per trade but that only fulfills after 3 days. The choice is yours. You decide what you what.
Link Materials
Website: mrwebtrade.com
Telegram: https://t.me/mrwebtradingbot
Created with love by mrweb.finance
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Telegram at https://t.me/mrwebfinance
Twitter: https://twitter.com/MrwebFinance
