What you need to do before activating the bot

On this page you will find instructions on how to set up the RoyalQ bot for trading. If you are a beginner we recommend that you start using RoyalQ by doing copy trading.

Trading bot settings

To get started, go to “Quantify” from the main menu. Select one crypto.

Click on “Trade Setting

This is the screen on RoyalQ where you can set the trading parameters on cryptocurrencies.

How to set the menu items
First buy in amount

The share purchased when the robot is first started. This will be the reference value multiplied by the values ​​we are going to set in the next steps.

Open position double

If we activate this function, the bot doubles the first purchase of the cryptocurrency. For example, if we set $ 10, the bot will buy $ 20 as the first transaction. After opening, the purchase amount will be doubled each time the first order is purchased in the cycle and the position will be calculated based on the doubled first order amount

These are the purchase levels that we want to set in our bot. Automatic is 7. To change this parameter just change the number.

If we want to set all the parameters we have to go to the lower menu under “Margin configuration“. We will find this screen.

In the left column we find the percentage of decrease of the coin. For example, in this figure above we find 3.5% as the first setting. In the right column instead at the top as the first setting we find the number 2. This means that if the cryptocurrency drops by 3.5% of its value, the bot will make a purchase of double the starting value we have set. So if the “ First buy in amount ” is set at $ 10 it will make a $ 20 purchase. In the second Call we set 4% and 4 Times. This means that if the coin drops by 4% the bot will make a purchase of 4 times the “ First buy in amount “. These are just example settings and everyone can enter the values ​​they deem most suitable for the cryptocurrency they want to buy.

This item indicates the gain we want to make for each position. That is the profit we will have on the sale of the cryptocurrency. It is usually best to set a low value such as 1.3%. Values ​​that are too high may not give the desired results. If the value is too high, the bot could take longer to make a sale based on the market trend on the crypto.

This is the margin of error on closing a transaction. For example, if we set 1.3% as the profit margin on the sale, with this setting the bot will close positions and sales between a profit value that will range from 1% to 1.3%. This setting allows us to optimize earnings.

Buy in callback

This is the margin of error on closing a transaction. For example, if we set 1.3% as the profit margin on the sale, with this setting the bot will close positions and sales between a profit value that will range from 1% to 1.3%. This setting allows us to optimize earnings.

Distributed and Take profit allocation

This item can be set if we have at least 5 on the “Margin call limit” item.

By clicking we will find this screen.

This item is the “SUB Position”. Basically this setting is telling the Bot: Don't wait for the bot to average the price of the whole position and make 1.3% profit, but make 1.3% starting from the fifth position. This setting allows you to optimize the profits deriving from the bot.

Sub-Position take-profit callback

This is the percentage change before the bot proceeds with a new purchase. Set this item between 0.2% and 0.5%. In split position mode, when the preset take profit ratio is reached, the preset take profit callback ratio must be called before the system activates the take profit.

Now save and go back to the main menu.

Strategy mode

What you need to do now is to set the strategy mode. Find the Strategy mode button. Click on the button.

The first option is the one with the name “Whole warehouse mode”.

With this option if selected, the bot will sell the cryptocurrency only when it has reached the average value of the percentage of earnings that we set before. So since in the settings before we set a profit of 1.3%, the bot will sell when it generates a revenue of 1.3% as an average value of the various transactions.

The second option is “Sub-bin mode”

With this option if selected, the bot will sell the cryptocurrency when it reaches the average value of the percentage of earnings we set earlier. He will do this up to the fourth position. After the fourth position the bot will sell on every single position and not on the average of the gain of all positions.

The third option is “Split warehouse mode-real-time settlement”

With this option if selected, the bot will sell the cryptocurrency when it reaches the average value of the percentage of earnings we set earlier. He will do this up to the fourth position. After the fourth position the bot will sell on every single position and not on the average of the gain of all positions. It will also make purchases. This option is usually the most recommended for generating steady gains even when the cryptocurrency market is down.

Save and return to the main menu.

Now save and go back to the main menu.

Cycle strategy - One-shot strategy

In the menu at the top left you will find the settings on how the bot should work. If you see “Cycle strategy” at the top, it means that the bot will continue to buy and sell continuously. If, on the other hand, you find the word “One-shot strategy” it means that the bots will work until you reach the profit you have set. After reaching the profit, the bot will not make any other purchases.
 
To change this setting click on the button in the center of the left screen. The name of the button changes according to the setting that has been set.

After you have finished configuring you can go back to the main cryptocurrency session and click on the “ Start  button to start automatic trading.

Crypto purchase and sales history

From the main menu select a cryptocurrency. If you already have active cryptocurrencies that are working with the bot, you can find these cryptocurrencies on the homepage at the bottom left.

Select the cryptocurrency

Click on the “Trading records” button at the top right

Here you will find the history of purchases and sales made by the royalq bot. You will also find the earnings that the sale has generated.