So you’ve already run a few AutoTrader strategies and want to take it to the next level.
We’ve compiled some tips and tricks for users who want to go above and beyond – and take full advantage of the many features that the platform offers.
Let’s dive in and get started!
1. Sort strategies based on different categories
AutoTrader has THOUSANDS of strategies for you to choose from.
We realize that it can be daunting, so we’ve created a Highlighted Strategies section – shortlisting a handful of strategies for you to pick from:
- Trending – strategies that are trending amongst the BTSE community
- Highest Return – strategies that have returned the most profit over the last few days
- Most Volume – strategies that have seen an influx in trading volumes – meaning they’ve executed a large number of trades recently
- Lowest Return – strategies that have lost the most amount of money over the last few days
Why would we add a Lowest Return section?
Well, strategies that have dipped the most tend to have the most upside. If you’re confident in a turnaround and are willing to make a bet, these strategies might be a good option for you.
2. Customize your strategies by picking different time frames and risk profiles
Aside from picking Bullish or Bearish strategies, there are two other main ways to customize your strategy – the time frame and the risk profile.
Time Frame
- Longer: these strategies wait longer to execute trades, stop losses, and take profits, meaning that your potential profits could be larger, but your losses could also get bigger
- Shorter: these strategies make smaller trades at more frequent intervals; the amount of profit per trade is lower, but the likelihood of being exposed to large, money-losing trades is also lower
Risk Profile
- Conservative: For users who prefer lower risk and are comfortable with smaller, more stable returns.
- Balanced: Those seeking a middle ground between risk and reward.
- Aggressive: Designed for users willing to take on higher risk in exchange for the potential of greater returns.
A conservative strategy carries lower risk due to lower leverage, meaning the positions and trades you take are smaller. This means that the amount of profit per trade is lower, but the potential losses are also lower.
If you’re long-term bullish but short-term skittish or unsure about how the markets will perform in the short term, it might be a better idea to run a more conservative strategy.
3. Customize your take-profit and stop-loss orders
One of the most common complaints about our strategies is that the strategies end too soon.
The strategies end because they’ve already hit their expected profit levels, or because the strategy has already lost money and the AI algorithm wants to cut losses before it gets worse.
Our strategies are customized to be more conservative to protect you against sudden fluctuations in the market, but we also understand that sometimes you need to take greater risks to make more money.
Now, with our Risk Management button, you can customize your very own settings, and set exactly when you want the bot to stop – whether it’s up 5%, or down 2%, you can input these details in the TP/SL settings.
Check out our tutorial here for more details and examples on how to do this.
4. Share profitable strategies with friends
Is your strategy performing well?
Now you can share your success with friends! Just click the ‘Share’ button on your active strategy to invite them to join in.
In the chat window, it’ll show up as a card that highlights all the basic information about your strategy, and include an invitation link.
And if they haven’t used BTSE before, be sure to let them know about the $315* that we give out in rewards for new users!
5. Keep your best strategies running
If a strategy is paying off so far, why stop it, right?
Our Loop function keeps your strategies running even after they’ve hit their profit goals. They’ll continue to run as long as they’re still profitable.
But be careful – what goes up, must come down. Strategies that are highly profitable also have further to fall, meaning that you’ll have to pay closer attention to them in case the market reverses and wipes out your gains.
6. Losing money? Turn your strategy around
We’ve all been there before; sometimes things just don’t work out the way that you expect them to.
If the market is turning against you and you think you made the wrong decision, you can use our Reverse Strategy button to “flip” your strategy and go the other way – either changing from Bullish to Bearish, or from Bearish to Bullish.
We hope that these tips and tricks will help you better understand AutoTrader and make the most out of our platform.
If you’re interested in learning more or want more examples, check out our AutoTrader tutorials here.
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.
Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives. It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.
