Once your exchange account is connected to Bitlax Smart, you’re ready to deploy your first trading bot. This guide will walk you through the process from start to finish.
🟢 Why Use a Trading Bot?
Bitlax Smart bots help you:
✅ Trade 24/7 without manual monitoring
✅ Follow consistent strategies free from emotion
✅ Adjust risk and position size dynamically
Whether you’re new to crypto or scaling an active portfolio, bots can save time and improve discipline.
🟢 Step 1: Choose Your Bot Type
Bitlax Smart offers several bot templates. Each has a unique trading logic:
- TrendSeeker: Follows established trends using momentum indicators.
- GridNavigator: Places grid orders within a set price range.
- ScalpRunner: Targets small, rapid price fluctuations.
- CopyWave: Mirrors strategies from professional traders.
In your dashboard, go to Bots > Create New Bot and select the template that matches your goals.
🟢 Step 2: Select Trading Pair
Choose which asset you’d like the bot to trade, e.g.:
- BTC/USDT
- ETH/USDT
- BNB/USDT
You can manage multiple pairs with separate bots if desired.
🟢 Step 3: Configure Strategy Parameters
Each bot type comes with recommended defaults, but you can customise:
✅ Position Size:
How much capital is allocated per trade.
✅ Risk Management:
- Stop-loss %
- Take-profit %
- Daily loss limit
✅ Trade Frequency:
Scalping bots place many trades per day, while trend bots are less active.
✅ Indicators:
(Optional) Adjust technical indicators like RSI thresholds or moving averages.
Example:
For a TrendSeeker bot:
- Position size: 3% of account balance
- Stop-loss: 5%
- Take-profit: 12%
- Max simultaneous trades: 2
🟢 Step 4: Activate Your Bot
After reviewing your settings:
- Click Save Bot.
- Return to the Bot Overview page.
- Click Activate.
Your bot will now monitor the market continuously and execute trades when criteria are met.
🟢 Step 5: Monitor Performance
In your Dashboard, you can track:
- Active positions
- Profit and loss
- Trade history
- Current status (Active/Paused)
Adjust parameters at any time without stopping the bot.
🟢 Step 6: Pause or Stop
If you want to pause trading:
- Click Pause Bot to temporarily stop new trades.
- Use Stop Bot to end activity and close all open positions (depending on bot type).
🟢 Best Practices
✅ Start with a demo or smaller allocation to test settings.
✅ Monitor your bot daily, especially during volatile markets.
✅ Review performance reports weekly and refine strategies as needed.
🟢 Frequently Asked Questions
Q: Can I run more than one bot?
Yes—depending on your plan, you can operate multiple bots simultaneously.
Q: What happens if I change a setting?
All new trades will follow updated parameters immediately.
Q: Is it possible to copy other users’ settings?
Yes—use the CopyWave template to mirror top trader strategies.
✅ Congratulations!
Your first Bitlax Smart bot is live and working for you.
