Creating a ETH/USDT bot on the BingX Spot exchange

Creating a ETH/USDT bot on the BingX Spot exchange

Now we show an example of bot configuration for the trading pair eth/usdt, using the LONG algorithm on the BingX Spot exchange with a deposit of 200 USDT.
Below you can see our preferred settings, which minimize the risks when trading. You can skip the settings that are not shown in the screenshots, for a complete list of settings and a detailed description you can find here.

Learn more about how RevenueBot works and what algorithms are available.

You can create and edit your bot in the Bots tab.

• Name the bot and choose the API key, here you can read how to create it.

• Select the ETH/USDT trading pair, set the LONG algorithm and set the size of the deposit for the bot.
  
  In order to set the deposit size for your bot, you should create a virtual wallet and assign it a number of insurance (in our case, it is 200 USDT).
  Be sure to check out info about the minimum deposit to run the bot as well as what a wallet is and what its purpose is. 

• Set the basic settings, not aggressive ones, with a good overlap of price changes.
  
  Please refer to our Knowledge Base for more detailed info on all settings. Read more about the basic settings here:
  What is price change overlap and which one to choose?
  What grid of orders and Martingale percentage to choose?
  What is a partial placing of the grid of orders?
  What is cycle restructuring?
  
  

• In the advanced settings set up the logarithmic price distribution and fixing of partially executed order.

• Set the filter settings for the bot start.
  
  Here you set the filters for starting the LONG bot based on trading indicators, such as RSI, Bollinger Bands.

• Once all the settings are set you need to click "Create New Bot button". The newly created bot appears in the Bots table and now you can run it.
  
  

Learn more about how to start the bot, how to manage the bot, how to stop the bot urgently, how to delete the bot.