Runbot.io, an innovative platform for building Signal trading Bots, transforms your interaction with automated strategies. It provides an exceptional chance for users,without coding expertise, to effortlessly create, backtest, purchase, or sell their custom trading bots.
Runbot's intuitive and straightforward interface, coupled with its professional-grade tools, democratizes access to sophisticated trading bot tactics for all users at no cost. By integrating flawlessly with BingX, Runbot.io enables traders of varying experience to thrive in the dynamic realm of cryptocurrency trading entirely for free.
1. How to create a successful strategy.
In Runbot, strategies are crafted using distinct "boxes," each designed for a specific function, such as risk management, indicator creation, or establishing rules for trade entries or exits.
Central to this system are signals, which can be generated using your indicators. These signals can then be applied in other boxes to implement rules, enabling the construction of advanced strategies.
Take, for instance, generating a “long signal” in the Indicators Box. You can use this signal in the ‘Entry in position rules’ Box with a rule like “Enter a trade when 1 long signal is activated”.
Additionally, Runbot provides a diverse array of triggers for each indicator, such as ‘Cross Level’, ‘In Zone’, ‘Sustain above’, ‘Sustain’, ‘%/ATR Distance delta’, ‘Divergences’, and more. These offer various methods to utilize the same indicator in algo trading. With these triggers, you can customize your strategy to align precisely with your trading objectives.
Additionally, Runbot provides unique trading rules and indicators centered around concepts like Volatility, Price Action, and Volumes. This includes advanced tools like Orderflow, VWAP, Open Interest, Liquidations, and AI-based indicators. Alongside these, it also features traditional indicators such as RSI, Bollinger Bands, MACD, and many others, offering a comprehensive toolkit for traders.
2. Professional-Level Risk Management Features
No matter how effective a strategy is, it can fail without proper risk management.
Runbot provides a variety of ways to manage risk. For instance, you can implement a stop-loss rule to automatically exit a trade if the market moves unfavorably by a specific percentage, or if volatility spikes. Alternatively, you can modify your stop-loss to a break-even point after gaining a 3% profit, which helps secure your position against losses if the market turns.
With over 40 distinct risk management rules available, Runbot equips you with the essential tools to protect your investments effectively.
3. Automatically Optimize your Strategy
After selecting your indicators and establishing your risk management rules, the next step is to fine-tune the parameters of your strategy. Runbot's Optimizer tool is ideal for this, especially if you prefer automation over manual adjustments.
The true value of Runbot lies in this optimization process, a unique feature of the platform. It automatically refines your strategy, enhancing its performance over time.
Interested in achieving the best Sharpe Ratio and Highest Annualised Return?
The Optimizer tool conducts a thorough analysis of your strategy's performance across various scenarios and settings. This analysis is aimed at identifying the most profitable configurations based on your specific requirements. You have the flexibility to adjust a wide range of elements, including the settings of all your indicators, as well as every aspect of your risk management rules and entry conditions for positions.
4. Backtesting Multiple Strategies with the Composer Tool
After you've become proficient in crafting and optimizing individual strategies, you can venture into operating several strategies at once. Runbot's Composer tool is designed to facilitate exactly this.
With the Composer, you have the capability to merge various strategies, each with its own specific configurations, and perform collective backtesting. This approach can enhance the diversity of your trading methods, minimize risk, and potentially boost your profits.
In the Composer, each strategy is backtested independently, allowing you to handle multiple trading scenarios concurrently. This tool aids in avoiding correlation and better hedging your strategies, assisting you in selecting the most effective strategy combinations.
Interested in a deeper understanding of the Composer or other features? Our documentation is a great resource.
Engage in seamless trading on BingX with Runbot's NFT Marketplace Strategies
Runbot's NFT Marketplace streamlines the process for users to adopt sophisticated trading bot strategies, making it exceptionally user-friendly.
Through the acquisition of algorithmic trading strategy templates as NFTs from Elite Traders, you gain the ability to engage in advanced trading strategies swiftly and with ease.
The marketplace is structured to make this process straightforward, enabling you to obtain and implement these strategies on BingX in just a few minutes. This efficiency greatly facilitates your transition into advanced trading.
Additionally, the synergy with BingX elevates the effectiveness of these strategies. You have the option to link your purchased Runbot strategies directly to the BingX Signal Bot Marketplace.
This connection allows you to create signals for your BingX followers, opening up potential new revenue opportunities. Fundamentally, Runbot's platform is crafted to both simplify and enhance the trading experience, making it accessible and financially rewarding for traders at various skill levels.
How to connect Runbot and BingX?
Relax, the process is easy and should be completed in just a few minutes!
First, you need to register a BingX account in order to enjoy free trading bots.
To receive your Strategy Alerts directly on BingX and automate your trading, go to https://app.runbot.io/Bot/.
Click "+ Create new Free webhook".
On the Bot webhook configuration box, select 'Linked strategy' and pick the strategy you want to receive alerts from.
Enter the exact amount of capital you wish to allocate to your trading strategy. The size of your orders will be based on this reference, which can be a lower or a higher amount, depending on the leverage of your strategy.
Select BingX to send alerts:
In order to verify your account is affiliated with Runbot link and benefit free trading bots, provide your BingX account UID.
To do this, click on the Account icon at the top right of your screen, then copy your UID.
Paste your UID in Runbot into the "BingX UID" input box.
If you are using a Sub-account please enter the UID of your main account.
To create your BingX Bot, go to BingX Signal bots plage, click the link below:
Select "Strategy Instruction"
Choose a name for your trading robot and select the currency pair on which you want your Runbot strategy to trade.
Change Isolated Margin by Cross Margin.
Click "Change settings".
Then click "Isolated Margin" on the top right of your screen.
Select Cross Margin and click.
Enter on Runbot, the USDT the exact capital you have in your BingX trading account, and your exact current leverage.
You can find your leverage on the same page here:
Due to the nature of webhooks, to keep sending accurate trade sizings, it is essential to regularly update your capital in the Runbot webhook. However, to bypass this manual process, you have the option to enable an automatic feature that estimates and updates this information for you. Please note that this is an estimation only, as Runbot does not receive balance updates directly from BingX.
Copy the Information message below (red area).
Go back to Runbot trading page, https://app.runbot.io/Bot/ and paste the message in the User_info input box:
to start your automated trading with BingX and Runbot!