Futures Martingale trading bots are now available for use with Phemex contracts. Open to all and free to use, these bots allow you to employ dollar-cost averaging, double down, and recover from losses quickly. The core principle is to double the investment after each loss, aiming to recoup previous losses and secure a profit equal to the initial stake. This method presumes that a winning trade will occur eventually, offsetting the accumulated losses and yielding a profit.
Here's how to access and use Futures Martingale Trading bots on Phemex:
>>Check here for our video guide.
1. First, ensure you are registered and logged into your Phemex account.
2. On the Phemex homepage, hover over 'Contract' and click on 'Trading Bots'. Alternatively, on the trading page, you can click on 'Trading Bots' in the top navigation bar.
3. Browse the Bot Marketplace on the trading bots page for an existing bot that meets your strategic needs. If you find a suitable one, click 'Copy'.
4. You'll be directed to the trading interface. On the right-side menu, review the trading bot's parameters that you've chosen to copy. Adjust them as necessary. Once satisfied, enter an investment amount and click 'Create' to activate the Martingale trading bot with the preset parameters.
5. By selecting the 'Recommended' tab in Trading Bot Mode, you will have access to additional views.
6. To design your own trading bot, switch to the 'Manual' tab in Trading Bot Mode. Choose a strategy option—long or short—based on your market analysis. Specify your parameters and the investment amount in USDT.
7. Advanced Settings are also available for further customization. Once you are happy with the settings, click 'Create' to activate your trading bot.
8. Monitor the status of your active trading bots by scrolling down to the activity window. Click 'Details' for an in-depth report on any specific bot.
9. The following page will display the trading bot's status, including returns, position details, orders, and history.
10. To deactivate an active trading bot, click 'Stop' in the activity window.
Congratulations, you now understand how to utilize the futures Martingale trading bots feature on Phemex!
For additional information, we encourage you to read articles such as 'What are Crypto Trading Bots'.
To learn more about Martingale trading strategy, please refer to our Help Center articles:
Please be aware that Martingale trading carries inherent risks. It is crucial to conduct thorough research and adhere to strict risk management protocols before engaging in trading. We hope you find the Martingale trading bots on Phemex both useful and enjoyable!
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