1- Add Binance Futures Api
To use Coinfilterbot, you need to create an api key for futures trading on the binance website or binance mobile app, in the api management section. Importantly, "Enable Reading" and only "Enable Futures" should be selected for balance reading authorization. Very Important Note: "Enable Withdrawals" should not be enabled when creating an API. This option puts your assets at risk. Example steps for creating an API are in the link: "Example Binance Futures Api Generate"2- Create Strategy & Settings
Click on the Bot menu on the left. On the page that opens, click on the Create strategy icon. Then give your strategy a name.a- Strategy Mode
Coinfilterbot offers 2 different modes. Test mode tests the consistency of your strategy by trading your strategy like a real trade. test mode does not need binance api. it simulates trading. Binance Trade Mode allows you to open trades on binance and automated trading.b- Strategy Plan
c- Balance
The balance field inside Coinfilterbot. this is unlimited.. In test transactions, the balance will increase or decrease according to the profit/loss of the transaction. In Binance trade mode; it brings the balance in your binance futures account. You need to enter the amount you want to use in this balance in the "Balance to be used" section.
d- Position
is the menu on coinfilterbot for position selection. You can set the trade you want to do as long or short, or you can have it selected automatically (Long & Short) according to the strategy conditions you have created.
e- Margin / Leverage / Fund
Binance offers two options for your positions, isolated and cross. isole mode allows you to trade up to the balance you specify. corss continues to use the balance in your wallet in case of a loss. isolated should be used here by default.
f- PNL / Stop / Trailing
PNL : PNL is the profit rate, which we also mentioned in "b- Strategy Plan". The default percentage for this is 2%. You can change the default profit rate via the Strategy Plan.
g- Trade After
Coinfilterbot can automatically repeat your trades at the end of your trades, stop if a loss has occurred or pause between your trades.
3- Strategy Conditions
The strategy conditions on coinfilterbot make it easier to filter your coin pairs in the futures market and quickly track rising or falling coins, allowing you to open automatic trades on coins that meet the conditions you set. For example, it automatically triggers you to take a long position on a coin that rises 1% in 1 minute. It also allows you to offer 4 different time conditions.
4- Find & Start Trade
coinfilterbot checks the coin pairs that meet the conditions you have set and after the settings you have made, and automatically starts trading the coin pair that meets the criteria you have set.