HOW TO INVEST
Learn how to invest in a bot with Mizar copy-trading
Last updated
Learn how to invest in a bot with Mizar copy-trading
Last updated
When copy-trading, after selecting the bot you wish to invest in, click on the INVEST NOW button to initiate the investment process. If you're self-trading, click on ADD SUBSCRIPTION.
Ensure you have sufficient Mizar credits to cover fees. Learn how to buy them here.
Ensure you have successfully connected to an exchange. Learn how to connect to an exchange here.
Have a USDT balance in your exchange exceeding the Maximum Investment, to prevent the bot from entering limited mode. For FUTURES trading, ensure your available funds are greater than the Marginal Maximum Investment, to avoid liquidation. Learn more here.
In the second step, you'll need to choose the exchange keys where to activate the bot.
*If none of your exchange keys is supported, connect to a new exchange or ask the trader to add your specific exchange to the bot.
It is recommended to associate only one bot subscription with an exchange key. This practice improves bot monitoring, facilitates position tracking, and prevents interactions between contracts and bots, particularly in FUTURES markets.
Click on the exchange key to go to the next step.
The next step is to set up the investment by deciding the amount and method of investment in the bot.
When copy-trading, carefully read and consider the trader's recommended settings for the bot. The form is pre-filled with their suggestions.
The trader's suggestion is not financial advice but rather the recommended configuration for running the bot most efficiently. This doesn't guarantee future results. Conduct your own due diligence before investing and only invest what you can afford to lose, up to 100%.
This is the place where you set the main investing parameters.
Base Order: it indicates the size of the order when opening a new position. For DCA bots, additional information can be found here. In the case of API bots, it represents the maximum size your order can reach.
Max. N. of Positions: this is the maximum number of positions that can be opened at the same time. For instance, if set to 10, it implies that you can concurrently open up to 10 positions. Any additional signals sent by the trader beyond this limit will be disregarded.
*When using a Long/Short Futures Bot, you can specify the maximum number of both long and short positions, separately.
Leverage: the leverage that it'll be applied to your order, in case you're trading FUTURES.
Reinvest your profits: activate it to let the bot reinvest your profits in the strategy. Learn more about auto-compounding works here.
Pairs Whitelisting: you can choose to whitelist specific pairs, giving you control over which pairs to trade. Signals for non-whitelisted pairs from the trader will be ignored.
Max. Add Funds: if the bot supports the "add funds" feature, you'll be asked to specify the maximum allowed amount of funds that the bot can add to your positions. For instance, if you set the maximum additional funds to $1,000, it implies that the bot can add up to $1,000 on top of your existing open positions overall.
Here, you can access comprehensive information regarding the investment set-up.
Maximum Investment: it represents the maximum amount of assets that the bot can invest according to the bot setup, considering the simultaneous use of every Base Order and Safety Order. To learn more about how the maximum is calculated, click here for DCA or here for API.
Expected Investment (DCA bots): this provides a reference for the realistic capital utilization of the bot, based on the real trader's statistics from the last 30 days. To delve into the details of how the expected investment is calculated, visit here.
Max N. Of Safety Orders (DCA bots): this represents the maximum number of additional orders (in addition to the base order) that the DCA bot can add to an open position.
Max. Position Size: this value represents the maximum investment divided by the maximum number of positions. It signifies the maximum size a single position (base order + safety orders) can attain.
Exp. Position Size: this indicates the expected investment divided by the maximum number of positions. It reflects the expected size a single position (base order + safety orders) can achieve, based on the real trader's statistics from the last 30 days.
*For API bots, Max Position Size = Exp. Position Size as there are no safety orders.
To learn more about the behavior of DCA bots, click on "Show more details." Further information can be found here.
Click on NEXT to move to the last step
Review all the info, accept the Terms and Conditions, and click on INVEST.
