Binance Trading Bot Tutorial: Automated Crypto Trading & Investment

[00:02] we will explain the trading bot feature on the platform. This feature is completely different from the automated investment we explained before. The process also doesn't require trading experience. The require trading experience. The

[00:14] at a higher price within a defined price range. But what does this mean? Well, my friend, let's assume we're trading a specific currency like Bitcoin, and the price of Bitcoin is, for example, specific currency like Bitcoin, and the price of Bitcoin is, for example, 29, fluctuating between 28,000 and 30,000.

[00:26] This is where the trading bot's role comes in. It buys at its low price and sells at a higher price. For example, it might buy at 29,000 and sell again at 30,000. But for the trading bot to work, we need to define two prices for it: a low price and a high price.

[00:39] It operates within these two price ranges for buying and selling. These two prices are called the price range. One is the lowest price Bitcoin can reach, and the other is the highest price Bitcoin can reach. Let me explain further. If we assume the current price of Bitcoin is $30,000, the

[00:52] price range could be between $28 (the lowest) and $32 (the highest). But why do I need to set a price range for Bitcoin or any other currency? The idea behind the price range is that if the currency's price exceeds or falls below it, the bot stops

[01:07] buying and selling. Of course, you don't do any of this; the bot does everything for you using artificial intelligence and pre-

[01:19] thing you need to do before we explain how to activate a trading bot on a platform is to subscribe to the channel and like the video so it reaches as many people as possible, allowing everyone to benefit. Secondly, to activate the trading bot, you must be registered on the platform and have made a

[01:32] deposit. If you're not registered, you can register now. The link below in the video description will give you a 20% lifetime discount on platform fees. This is a very generous discount, which I'm getting for you directly from the platform. There are also videos on the channel now explaining the platform, from

[01:47] registration and trading to performance and everything else you might need. You can watch them after you finish this video. So, grab your coffee and let's explain how to activate the trading bot on the Binance platform. When you open the Binance app, on the homepage you'll see "More."

[02:01] Click on it and scroll down to the "Trading" section. From there, you can click on "Instant Network" to access the trading bot page, or click on " Trading Bots" and then "Instant Network." This will take you to the main page of the instant trading bot. At the top of the page,

[02:14] you'll find the currency we'll be running the trading bot on, which is usually Bitcoin versus USDT. USDT is the currency you need to have in order to activate it. The bot is designed to buy and sell. If we want to change the currency and choose another one to run the trading bot on,

[02:28] currency. A list will appear where you can choose the currency you want or search for it. For example, I'll choose Ethereum. Under the currency name, you'll find three options: Automatic, Popular, and Manual. The first option, Automatic, has the trading bot configured

[02:43] automatically. However, we wo

[02:55] configure the trading bot and the investment amount to suit our needs and budget. The we configure the trading bot ourselves from A to Z. We'll use the middle option, Popular, and switch it to Manual because in Popular, we can copy

[03:11] someone else's plan. It was successful and the trading bot had been running on it for a long time, so we'll copy it and modify it as we see fit. As you can see, all these are trading plans that we can copy, and we can also filter them from the top of the same page to find the best plan to use. We can

[03:25] choose the best return on investment, the best profit and loss, or the most copied plan. We can also choose the runtime, and I always prefer the runtime to be between 15 and 30 days. For example, if we filter and choose the most copied plan and the runtime between 15 and 30 days, many plans will appear.

[03:40] We'll just choose the first one and click create. Immediately after that, the plan will be copied completely to the trading bot page. From there, we can modify it further manually. The first thing on can modify it further manually. The first thing on the page is the price range from 1820 to 213.

[03:54] This means the bot will buy and sell between these two prices, and you can easily modify and change them. prices, and you can easily modify and change them. For example, you could make it 1500 to 1500, but I'll leave them as they are. Secondly, you'll find 14 networks, which means the bot will buy seven times and sell

[04:07] means the bot will buy seven times and sell seven times, totaling 14 buy and sell transactions. The larger the number of networks, the larger the seven times, totaling 14 buy and sell transactions. The larger the number of networks, the larger the networks, the smaller the invested amount. You'll find it written below in the

[04:20] investment amount section that the minimum investment amount is approximately $170. If we change the number of networks, we'll find that the minimum invested amount changes automatically. So, I'll make the number of networks ten from here, and it will buy five times and sell five times, totaling 10 networks per day. The

[04:36] minimum investment amount is also as you can see. Here, I'll put the amount I want the trading bot to use, but it can't be less than the amount shown. Below, we'll find the line " Network Execution Price," and from here, I can specify the

[04:49] exact price at which the bot will start buying. And " sell" means that if I write here, for example, 1830, I'm telling it that as soon as the Ethereum price reaches 1830, the bot will activate and start buying and selling freely. The next option is the stop-loss activation price, and we must enable this.

[05:04] Here, I set the prices at which the bot will stop working and not do anything else. For example, I'll set the stop-loss at 1650 because it must be lower than the lowest price of the range (the price we set above). I'll set the take-profit at 2300 because it also must be higher than the

[05:20] highest price of the range (the price we set above). However, we don't have to set the take-profit; we can just set the stop- loss. The last option is to sell all coins upon stopping. This means that if you choose to keep it running, the first time the bot stops working, all the coins the bot bought will

[05:34] be sold immediately at the market price. If you don't enable this, the coins the bot bought will remain. You'll only have it in your instant wallet, so the choice is yours. However, I advise you to activate it first. Then, click "Create," and a page will appear confirming the strategy.

[05:48] This page contains the details the bot will use. Confirm them, agree, and click " Confirm." The bot will then be activated. If you want to modify it, stop it, or see what it's doing, simply go to "All Trading Orders" at the bottom.

[06:01] This page will appear, allowing you to stop or modify the bot. You can also click "Active" from there. This will display a page with much more detail about the bot, such as the number of buy and sell transactions it has executed, and other details. That concludes our explanation of the

[06:15] trading bot on the platform. Don't forget to subscribe to the channel and like the video so it reaches as many people as possible. If you have any questions, write them in the comments below, and I will questions, write them in the comments below, and I will answer them all.