A: AutoTrader is a trading strategy platform that provides traders with thousands of backtested strategies to copy for free. Professional trading teams create working strategies and users can copy the highest performers. It aims to simplify the trading process enabling users to quickly replicate
successful, professional strategies and run multiple bots simultaneously
for a seamless and efficient trading experience. Trade in your sleep!
Q: Why should I use AutoTrader over trading futures
myself? A: Trading crypto futures yourself puts you at risk of human error and
emotion. On one hand, futures trading can be very rewarding as you can
magnify profits by 20x, 50x, or 100x. But on the other hand, futures
trading can be very risky as you can very easily lose your entire collateral
and get liquidated. Even the most confident traders get liquidated when
markets are volatile, and given the unpredictability of crypto markets, the
risk will always be there.
Additionally, you have to constantly watch the markets. Your emotions
may run high and you may make trades that are illogical in the long run,
causing you to either lose money or leave money on the table by selling
too early.
Using AutoTrader bots that have been pre-programmed and tested by
trading professionals reduces the emotional element associated with day
trading and puts your money in the hands of highly disciplined algorithms
that are programmed to make outsized gains while protecting your
principal.
Q: Why should I use AutoTrader over other copy
trading platforms? AutoTrader is not a copy trading platform. It is a platform of thousands of
tested strategies developed by professional trading teams. The traders
that we select have decades of experience working at top banks and
hedge funds and have been through both bull and bear markets. In contrast, copy trading platforms put your money in the hands of
random influencers and strangers that have not been vetted. They may
not even have any financial services experience whatsoever, no stop-loss
mechanisms, and nothing to prevent you from getting liquidated.
Additionally, there are rumors of copy traders trading against their own
followers, and leaving the field once they’ve made money off of them.
After a while, the number of copy trading strategies tend to decrease on
other exchanges simply because they’ve either given up or lost interest.
Thus, other platforms have to keep recruiting more and more traders to
build strategies, and over time the quality goes down.
Q: Will I lose money using AutoTrader?
With futures trading, there is always the risk of losing money. With
AutoTrader, however, we build in stop-loss mechanisms to close positions
if there’s a sharp increase in volatility and losses. This is because crypto
markets are volatile and unpredictable.
With these stop-loss mechanisms, you may lose a portion of your
investment, but they are designed to prevent you from getting completely
liquidated and losing your entire investment.
Simultaneously, we also have built-in take-profit mechanisms. When your
strategy bot earns profits, we take them and put it into your balance so
you keep the earnings.
Q: How do I get started using AutoTrader? You can get started using AutoTrader with just a few simple steps (link).
All you have to do is have enough USDT in your spot wallet, depending
on how much you’re willing to invest. Then go to the AutoTrader page,
and pick which bot you want to invest in.
Q: What kind of AutoTrader strategies can I choose
from?
We have over a thousand AutoTrader strategies for the futures markets
that we offer on our platform. You can filter strategies by the following
factors:
● By token (which token you want to invest in)
● By historical ROI (average return the bot has made for other users)
● By historical P&L (total profits the bot has made for other users)
● By trending (Bots that many users have chosen, which are poised
for high performance)
Additionally, you can pick a token and filter through the different bots we offer for each one by the following:
● Bullish (Long) vs. Bearish (Short)- Do you think the market will go up or down.
● Longer vs. Shorter (Length of time that the bot runs for)
● Strategy Type (Growth vs Balanced vs Conservative)
Q: How many AutoTrader bots can I run?
A: You can run up to five bots per market (per token). This means you
can run three different long-biased strategies for Bitcoin, and at the same
time hedge with two different short-biased strategies for Bitcoin. Across
the platform, there is no limit to the number of bots you can run. So you
could technically run five different bots for each of the futures contracts on
AutoTrader.
3 Reasons Why Your AutoTrader Bot Isn’t WorkingAutoTrader is the next-generation platform for automated trading, simplified for retail investors.
AutoTrader enables users of all levels to quickly invest in thousands of tried-and-tested, automated trading strategies across Bitcoin, Ethereum, and 100+ other cryptocurrencies.
Here’s how to get started.
1. Not Enough USDT in Spot Wallet
AutoTrader bots draw from USDT balances in your spot wallet. If all of your money is in the futures wallet or in another currency, the AutoTrader bot will not launch. Make sure that you have enough USDT in your spot wallet by either transferring funds from another platform or topping up directly with your credit card.
Think about how much you’re willing to invest, and top up with that amount.
2. Not Enough Money Invested
While we’ve lowered the investment threshold for most AutoTrader bots, depending on the strategy, you still need to invest a bit of money into them or else the bot won’t be able to build a position.
Most bots have a minimum investment requirement, you can see it on the strategy.
3. Your TP/SL Targets have been triggered
After launching a bot, you may notice that it has deactivated for no apparent reason. This is because each bot has built-in take-profit and stop-loss parameters.
When a bot does well and accumulates a certain amount of profit, the position will be sold off to lock in
those profits, with the profits being added to your AutoTrader wallet.
Conversely, if a bot is doing poorly, the position will be closed at a small loss to prevent further losses.
This is done to prevent you from getting liquidated and losing too much. Even though you’ll lose some money, you’ll still have enough left to make more trades and make your
money back.
Key Takeaways
If your bot isn’t working, it’s usually because of these three reasons:
Not enough USDT in your spot wallet
Not meeting the minimum investment threshold for a particular bot
TP/SL targets have been triggered and your bot has been deactivated