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How to setup a Wealthybot Trader
How to setup a Wealthybot Trader
Sevan Bomar avatar
Written by Sevan Bomar
Updated over a week ago

Once you have added credits and linked your API to an exchange you can now create a live "Trader" by going to Settings>Traders>
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Press the "Add a Trader" button in the top right.


​Name the Trader (this can be anything).


Select the correct Binance Exchange you just integrated.


Select your Market trading pair i.e. BTC/USDT or ETH/USDT


Select WealthyBot or UpDown as your trading strategy.


Enter your minimum profit percentage.
​Note: Do not make this field less than 1% we recommend 1.5% - 1.8% WealthyBot will attempt to hold a position until the market changes if profits exceed the percentage you select here.

Understanding Trading Strategies

The Wealthybot trader setting 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 overall.

The High Low setting will sell the position whenever you have reached the exact percentage of profit that you have indicated in your trader. It will not attempt to achieve a higher percentage. The High and Low setting will also make a purchase every 1.5% exchange rate difference. I suggest setting a SIM for both of these trader options to see which one would be more beneficial for your portfolio desire.

Leave everything else as-is. You are done!

You can also add another "Market" pair by repeating Step 5.

Final Note

WealthyBot currently works with Binance.us and Binance.com the following cities and countries are restricted from using Binance.

Alabama (AL), Connecticut (CT), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Louisiana (LA), New York (NY), North Carolina (NC), Texas (TX), Vermont (VT) and Washington (WA), Belarus, Burundi, Central African Republic, Cuba, D.R. Congo, Iran, Iraq, Libya, North Korea, Russia, Somalia, Syria, South Sudan, Venezuela, Yemen, Zimbabwe.

If you are in these locations due to the world situation but they are not your place of residence and you still want to use WealthyBot you will most likely need a VPN.

Here are the easiest paths to get started with WealthyBot based on their respective countries.

Europe

Open Binance.com Account and link your API to WealthyBot

Use one of the multiple gateways methods made available to buy Wealthybot credits

United States

Open Binance.us Account and link your API to WealthyBot

Access Visa and Mastercard to fund Wealthybot with credits

Australia

Open Binance.com Account and link your API to WealthyBot

Access Visa and Mastercard to fund Wealthybot with credits

Canada

Open Binance.com Account and link your API to WealthyBot

Access Visa and Mastercard to fund Wealthybot with credits

United Kingdom

Open Binance.com Account and link your API to WealthyBot

Access Visa and Mastercard to fund Wealthybot with credits
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