Futures Martingale on Bitget- Website Guide
[Estimated Reading Time: 4 mins]
This guide explains how to use the Futures Martingale trading bot on the Bitget website to automate your futures trading strategy. Learn how to set up, configure, and manage your bot to maximize profits and control risks effectively.
What Is Futures Martingale?
The Futures Martingale bot is a trading automation tool based on the Martingale principle. It places trades progressively as the market moves against your initial position, allowing you to average your entry price. The goal is to secure profits when the market reverses.
Key Features:
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Automatic Position Doubling: The bot increases trade size to average down the entry price.
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Customizable Risk Parameters: Control leverage, stop-loss, take-profit, and more.
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Advanced Settings: Tailor the bot's behavior to match your trading strategy and risk tolerance.
How To Set Up the Futures Martingale Trading Bot?
Step 1: Access the Futures Martingale Feature
1. Navigate to the Bots tab from the main menu.
2. Select Futures Martingale from the list of available bots.
Step 2: Choose a Mode
1. AI Mode: The bot automatically configures the strategy for you based on market trends and predefined rules.
2. Manual Mode: Customize all settings, including entry price, leverage, safety orders, and take-profit levels.
Step 3: Select Trading Direction
1. Long: Choose this if you believe the asset price will rise.
2. Short: Choose this if you expect the asset price to fall.
Step 4: Configure Your Trading Parameters
1. Price Action (Down):
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Define the percentage price drop that triggers a safety order.
Example: If set to 5%, the bot will place an additional order every time the price drops by 5%.
2. TP Target (Take-Profit Target):
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Set the profit percentage at which the bot will close positions.
Example: If set to 2%, the bot will close all trades when profits reach 2% of the average position price.
3. Max Safety Orders:
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Specify the maximum number of additional orders the bot can execute.
Example: If set to 3, the bot will place up to three additional orders during a price drop.
4. Base Order Amount:
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Enter the size of the initial trade the bot will execute.
Example: If set to $1,000, the bot will use $1,000 for the first buy or sell order.
Step 5: Adjust Advanced Settings (Optional)
1. Reinvest Arbitrage Profits in Next Round:
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Enable this option to automatically reinvest profits from completed trades into the next trading round for compounding growth.
2. Starting Condition:
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Immediate Trigger: The bot starts trading immediately upon activation.
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Conditional Trigger: The bot waits for specific market conditions to start.
3. Safety Order Price Interval:
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Set the percentage price gap between each safety order (e.g., 1%).
4. Safety Order Multiplier:
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Adjust the size of each additional order relative to the previous one (e.g., 2x doubles each subsequent order).
5. Crossing-Down Termination Price:
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Enter the price at which the bot will stop placing safety orders to limit risk (e.g., $98,802.6 USDT).
6. Cycles:
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Infinite Cycles: The bot will continue trading indefinitely until manually stopped.
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Custom Cycle: Allows you to specify the exact number of trading cycles the bot will execute before stopping.
Step 6: Launch Your Bot
1. Review all configured settings, including base order size, leverage, safety orders, and take-profit target.
2. Click Create to activate your Futures Martingale bot.
FAQs
1. What Is the Minimum Amount Required To Start?
The required amount depends on your base order size and the number of safety orders. Check the "Required Margin" field during setup.
2. Can I Use High Leverage With This Bot?
Yes, but high leverage increases both potential profit and risk. Choose leverage based on your risk tolerance.
3. What Happens If the Market Moves Against My Position?
The bot will place safety orders as configured until it reaches the max safety orders or termination price.
4. Can I Adjust the Bot After It Starts?
Yes, you can pause the bot and edit settings at any time through the Current Bots Dashboard.
5. Are There Additional Fees for Using the Bot?
No extra fees are charged for the bot itself, but standard futures trading fees apply to executed trades.
Disclaimer and Risk Warning
All trading tutorials provided by Bitget are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. Bitget is not responsible for any trading decisions made by users.
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