Futures Martingale trading bots are now available for use with Phemex contracts. They are open to all and free to use! Employ dollar-cost averaging, double down, and bounce back quickly from losses. The fundamental concept involves doubling the investment after each loss, aiming to recover prior losses and achieve a profit equal to the initial investment. This strategy assumes that a winning trade will eventually occur after a series of losses, thus covering the accumulated losses and generating a profit.
To learn more about the concept of trading bots, check out the Help Center article 'What are Crypto Trading Bots?'
Here's how to access and use trading bots on the Phemex App:
1. Open the Phemex App and either register or log in to your account.
2. Tap on the 'Trading Bots' icon located in the middle of the main page. Alternatively, access Trading Bots by selecting 'Contract' at the bottom of the app, then click the three-dot icon at the top right of the opened page.
3. On the trading bots page, browse the Bot Marketplace for an existing bot that meets your strategic requirements. If you find one you like, click 'Copy.'
4. Select 'Futures Martingale' on the Trading Bots page to be directed to the specific parameters of the bot you chose to copy.
5. With the Martingale configuration, you can preview the selected bot by adjusting the chart display's time interval.
6. Verify that all the parameters are to your liking, or edit them as needed. Once satisfied, input an investment amount, click 'Create,' and then 'Confirm' to activate the Martingale trading bot with the preset parameters.
7. You can also explore the 'Hot Picks' tab to view and potentially copy existing bots.
8. To create your own Martingale trading bot from scratch, choose a strategy option—long or short—based on your market analysis. Specify the parameters and the investment amount in USDT.
9. Advanced Settings are available for further customization. When you are satisfied with all parameters, click 'Create' to activate your trading bot.
10. Check the status of active trading bots that you're running by clicking 'View My Bots' for a detailed summary.
11. On the 'Details' page, you can see the status of the trading bots, including returns, position details, orders, and history.
12. To deactivate an active trading bot, simply click 'Stop' in the 'Active' window.
Congratulations, you now know how to use the futures Martingale trading bots feature on the Phemex App. For the use of Martingale trading bots on web, please check here for our video guide.
To learn more about Martingale trading strategy, please refer to our Help Center articles:
Please be aware that Martingale trading carries inherent risks. Ensure you perform thorough research and practice strict risk management before trading.
We hope you enjoy using the Martingale trading bots on Phemex!
