Binary Options Automatic Bot Trading
Reading Time: 2 mins
Table of Contents
For traders with busy schedules, automated binary bot trading offers a convenient solution. Deriv/Binary.com provides the tools to create custom trading robots that execute trades on your behalf, ensuring you never miss an opportunity in the market.
Getting Started with Deriv’s DBot
To initiate automated trading, access the DBot section from the top menu of your Deriv account.
The DBot Dashboard
The DBot dashboard features an algorithmic trading area designed in a block format, allowing users to upload personalized auto-trading scripts in XML format. Once the logic is configured, the bot can be activated. The trading status is displayed on the right side of the dashboard, with options to reset the trading status as needed.
Configuring Bot Logic
The Bot Logic Block menu provides numerous category-wise options for configuring trading logic, including the use of indicators and mathematical formulas. Start by selecting ‘Getting Started’ from the block menu options.
Utilizing Preset Strategies
Click the Quick Strategy button to access preset strategies, allowing you to choose a starting point for your automated trading setup.
Preset strategies available by default include:
- Martingale
- D’Alembert
- Oscar’s Grind
You can customize these strategies fully to match your trading preferences.
Running the Bot
Once your strategy is set, click the Run button. The bot will automatically execute trades based on the parameters you have defined in the trade logic block.
Monitoring Results
Monitor the bot’s performance through the report section, which shows detailed results of each trade session.
Do You Need a VPS?
Using a VPS (Virtual Private Server) is recommended because DBot operates within the browser. To ensure continuous operation, even when you’re not logged in, a VPS keeps the browser running, allowing the bot to execute trades seamlessly.
Risk Management and Safety
Proper money management is crucial when using an automated trading bot. Here are some key tips:
- Start with small trade amounts.
- Limit exposure to 3-5% of your capital per trade.
- Avoid over-trading by setting daily trade limits.
- Implement filters to prevent overtrading.
Before going live, always test your custom-designed strategy on a demo account to protect your funds from unexpected issues. Running a few sessions on a demo account can help gauge the strategy’s performance and reliability.
By following these guidelines, you can effectively utilize Deriv’s automated trading bot to maximize your trading efficiency and profit potential while managing risk responsibly.
Trade the above strategy with Deriv
Disclaimer: Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.
Trade Binary Options
📒 BINARY OPTIONS TRADING
Hello,I’m a binary.com trader and I use a bot to trade but I need to connect my API token and bot to the binary.com server for 24/7 trading but I don’t know how.I’ve registered my bot as required but I don’t know how to connect it.Pls help.Thanks
Hello Adeosun, did you upload the bot at Deriv DBot/Binary section?
If yes, then when you will click on the play button it will keep trading with your selected trading account even after you log out.
We will recommend, first try it with a demo account. If it works as you expected, then select the real account to start trading.