Quick start guide

This explains how to open/connect an account and what commands to launch for automatic jobs execution. Pre-requisite is that you install the Telegram messenger as it is used to set up the bot and to manage it.

Starting a chat with the bot

When you start the dialogue with the bot Cryptotrader_illi4_bot, it will instruct you that you need to:

1. Send your userid to admin. Your user id will be in the answer to the /start command.
2. Open an account on Bitmex / Oanda and add funds to it.
3. Enable API access and update your API keys in the bot’s settings.
4. Configure your margin level.
5. Start your automatic trading job.

You can write /start to the bot any time to receive the same instructions.

Sending your userid to admin

Open an account on Bitmex or OANDA and add funds to it

You would need to open a practice (test) or live account on Bitmex / OANDA. The links are:

• https://testnet.bitmex.com for Bitmex testnet
• https://www.bitmex.com/ for Bitmex live
• https://www.oanda.com/ for OANDA (both demo and live). When opening an account, select ‘v20’ (not MT4)

Funding your Bitmex account

• For the testnet, google ‘bitcoin testnet faucets’. Check your deposit address in the ‘account’ section on Bitmex and use this address to get testnet btc.
• For a live account, deposit your btc to the address specified in the ‘account’ section on Bitmex.

Funding your OANDA account

• For demo account, you will have 100k of virtual funds available after the registration.
• For live, there are a bunch of options available including bank transfers and visa payments.

Note: If you have AUD account, jump to the section 3 (setting up your api keys). If you are not in Australia and your funds are not in AUD, you will have to open AUD sub-account and transfer your fund there. To do this, follow the video below showing the following steps:

1. Login to your account, click on ‘Manage Funds’
2. Click on ‘+ Add new sub-account’, choose ‘v20 fxTrade’ and select currency ‘AUD’. Select the leverage of 20:1 as this is a recommended level. Click 'Save'.
3. On your main account in non-AUD currency, click on ‘Transfer’ and move funds to the AUD account. For example, if you are in Europe, you would have to transfer from your EUR account to your AUD account.

Enable API access and update your API keys in the bot’s settings

Bitmex

Create api keys on bitmex with ‘Order’ permissions (leaving ‘CIDR’ blank, any ‘name’). Write down your key somewhere because you will need to provide it to the bot later.

Send the command /keys_update to the bot, then provide your key id and secret key. You will also need to select if this is a test account or a live account. It is highly recommended to use a VPN when doing this and then to delete the messages you sent to the bot containing keys after sending them in Telegram.

OANDA

Note that the API key you get will be your secret key which you will need to send later to the bot. When you login to web trading platform, you will see your account ids for various accounts there (it will be something like 101-011-xxxxx…). Write this down as this will be your ‘key id’ which you will need to provide to the bot. Note: use the AUD account.

Send the command /keys_update to the bot, then provide your account id and secret key. You will also need to select if this is a demo account or a live account. It is highly recommended to use a VPN when doing this and then to delete the messages you sent to the bot containing keys after sending them in Telegram.

Configure your margin level

You can set up the margin level with the /margin_change command.

Bitmex:

Margin up to x5 (including x5) has proven to be safe on backtesting. Anything above the margin of 5 may result in a liquidation and is not recommended for crypto.

OANDA:

For traditional account, margin levels up to x10 are recommended. Note that you should select twice as much under your account for leverage to work correctly on OANDA (otherwise, your position will constantly be closing).

To set up leverage on OANDA, log in under your account (open oanda web), click on ‘My account’, ‘Manage funds’, and ensure that 1:20 leverage is selected on your AUD account for x10 margin level (accordingly, it would be 1:10 for x5):

Start your automatic trading job via dialogue

Fully automatic mode implies starting a task with the /auto command, specifying the platform and asset, and waiting for updates.