From the Overbit trading platform click on the Bots link at the top.
You will be presented with our AI bot strategies. Our in-house AI is constantly scanning markets and looking for grid bot strategies in the background to find optimal back tested strategies. You can scroll through one of those and pick one you like or create your own.
Choosing an AI strategy
There are often multiple strategies available for any single market. You can use the filter at the top to narrow down your choice and pick one that resonates with your appetite for time frame and risk. When you pick a strategy, click on the ‘select’ button.
The market and the parameters of the bot will be populated on the bot configuration tool to the right of the screen. Clicking on ‘backtest’ will pop up the backtesting screen. It is always a good idea to backtest the strategy to ensure you see a similar result to what the AI strategy window shows. When you are ready, click on the Start button to start running your bot.
Creating your own bot
If you wish to create your own bot then follow these steps:
Select bot type. Choose from Ping Pong, Long Trend or Short Trend.
Select the currency pair you wish to trade on. A chart will appear on the left
Enter the investment amount. This is how much the bot will use initially of your margin (before leverage).
Select the amount of leverage you’d like to use. For crypto, it’s always sensible to keep this under 10X. For FX we recommend under 100X.
Then you need to select the grid step %. This is the distance between each buy or sell limit order.
Finally, decide on how many grid levels your bot will have. We recommend at least 5 levels on each side.
When you have selected a strategy from the AI interface or have configured your own, click on the ‘backtest’ button to simulate the strategy over a historical period with real market data. It is important to use a strategy that has yielded results in the past.
When the backtest interface loads, select the date range and click on ‘Update’. Within a few seconds you should see the results of your back test. Please note that past performance cannot be reliably used to indicate future performance.