Updated January 17, 2023
Important the system has been completely updated, and old documentation is being updated. Here is a sure-fire way to succeed.
We recommend that you activate only one trader per 1000 USDT capital. Also, you should enter 6% in the trader settings as a "minimum percentage between trades". These two conditions ensure that capital is always available to trade and that the trader is never stuck. These settings do not come at the expense of long-term returns. Many utilize the "Wealthybot" strategy vs Up/Down to reduce trader fees for similar results. Wealthybot was designed to take the emotions out of trading our motto is set it and forget it. Let's get you started.
Do not transfer your investment capital to Wealthybot because it cannot be refunded. You only fund Wealthybot for credits, your investment capital goes to your exchange and is always under your control.
Avoid manually trading in the exchange that you will use Wealthybot in this can lead to incorrect balances. You can learn more here.
Please read everything below before starting, we have also created a visual onboarding guide for you to follow if you are new to cryptocurrency.
WealthyBot is not an exchange and does not trade your cryptocurrency directly. All of your cryptocurrency including your profits are being held in your exchange i.e. Binance. Wealthybot will make trades utilizing the cryptocurrency Tether (USDT). You can purchase or exchange all major cryptocurrencies for Tether inside your exchange. Wealthybot will trade with your Tether (USDT) balance from your exchange wallet.
All credits that you purchase inside of our software is to pay Wealthybot its fee for executing the automated trading process.
WealthyBot Credits are to pay the fees that the bot collects on your profits, this amount is 20%. Credits are not the investment capital that you will be trading with. Do not exchange all the investment capital you plan to trade with into Wealthybot credits. This capital should go into your Binance or Coinbase exchange account in the form of Tether. If you are confused by these please contact support.
Wealthybot Fee Example: If WealthyBot opens a position via your exchange and this position is closed for a $100 profit WealthyBot will debit 20% of this profit from your credits at a 1/1 ratio. This will amount to 20 credits the equivalent of $20. Credits are only used to debit profits and pay Wealthybot, not to trade with.
Note: Our simulator is free when you are ready for "live" trading. You must have a minimum of $150 in your exchange and $30 in WealthyBot credits. When you are ready read the article linked here for more information about starting a live automated trader.
Trader Strategy Differences
The Wealthybot trader setting works with the current moving average and will not buy or sell on the high/low but will attempt to find the medium that is close to these points. This allows for a lower probability of risk of loss and allows the Trader to attempt to gain higher profits. As a result, this setting may take longer to buy and you will not be able to predict when it will sell.
The UpDown setting will sell the position whenever you have reached near the exact percentage of profit that you have indicated in your trader. It will not directly attempt to achieve a higher percentage. The High and Low setting will also make a purchase every 1.5% exchange rate difference. We suggest setting a SIM for both of these trader options to see which one would be more beneficial for your desired portfolio.
Enable Average Purchase Amount
This feature allows you to determine the average investment size per trader.
By default, the system calculates with investment sizes of 10% of your available USDT balance at the exchange. “Enable average purchase amount”, you can now also manage your investment size (Warning, enabling this and changing its settings should be done by pros.
Reinvest vs HODL
Reinvest means that if your position is sold, the full amount will be returned to your USDT balance and will be used again to take up new positions.
HODL means that when the position is sold, only the original purchase amount is converted into USDT. The profit on the position remains in the cryptocurrency.
Start a free Simulator
The simplest way to learn how to set up a simulator is to watch this video.
Disclaimer: Past performance is not indicative of future results, you are using WealthyBot at your own risk. If you do not feel competent in trading cryptocurrency please consult a licensed financial advisor. Nobody in our forums, website, or chats have been authorized to give you financial advice on behalf of Wealthybot.
How to add Credits
If your account is inactive for over 1 year (365) calendar days your credits will be lost.