Your First Strategy Builder Bot

Introduction

Welcome to your first Strategy Builder Bot creation! This guide will walk you through the complete process of setting up and launching your first automated trading bot on the Skyrexio platform.

What is a Strategy Builder Bot?

The Strategy Builder Bot is a no-code automated trading tool that runs on Skyrexio's servers and executes trades based on technical indicators and conditions you define. Your bot monitors the markets 24/7 and makes trading decisions according to your predefined rules.

Before You Start

Prerequisites

  • Connected exchange account (Binance, Bybit, OKX, etc.)

  • Funded trading account with your chosen base currency

  • Basic understanding of technical indicators (optional - AI can help)

Recommended First Bot Settings

  • Trading Amount: Start small (10-50 USDT)

  • Max Active Trades: 1 (for simplicity)

  • Strategy Type: Simple RSI mean reversion

  • Timeframe: 1 hour (reliable signals)

Step-by-Step Bot Creation

Step 1: Main Settings

  1. Navigate to Bots → Add New → Strategy Builder Bot

  2. Exchange Account: Select your connected exchange (e.g., "My Binance Spot")

  3. Market: Choose your base currency (USDT recommended for beginners)

  4. Trading Amount: Enter your desired trade size (e.g., 50 USDT)

  5. Coins: Leave empty to trade all available pairs, or add specific coins like BTC, ETH

  6. Max Active Trades: Set to 1 for your first bot

Step 2: Base Order Configuration

  1. Order Type: Select "Market" for guaranteed execution

  2. Trigger Type: Choose "Once per bar close" for indicator-based strategies (or "Once per bar" for slightly faster signals)

  3. Bar TF: Set to "1h" for reliable signals

  4. First Condition: Select "RSI" from the dropdown

  5. Timeframe: Set to "1h" to match Bar TF

  6. Operator: Choose "Less Than" from dropdown

  7. Second Condition: Select "Value" from dropdown

  8. Value: Enter "30" in the value field

Result: Your bot will buy when RSI drops below 30 (oversold condition)

Step 3: Take Profit Setup

  1. Toggle Take Profit: Turn ON

  2. Mode: Select "Price Change"

  3. Orders: Set to 1 (single exit)

  4. Price Change %: Enter 5% (take profit at 5% gain)

  5. Order Type: Select "Market"

Step 4: Stop Loss Protection

  1. Toggle Stop Loss: Turn ON

  2. Mode: Select "Price Change"

  3. Price Change %: Enter -3% (stop loss at 3% loss)

  4. Order Type: Select "Market"

Step 5: Additional Entries (Optional)

For your first bot, keep Additional Entries OFF to maintain simplicity.

Step 6: Create and Launch

  1. Click "Create Bot"

  2. Enter Bot Name: "My First RSI Bot"

  3. Click "Save"

  4. Your bot appears in Active Bots and starts monitoring immediately

Using AI Assistance

"Suggest with AI" Feature

  • Click the "Suggest with AI" button in any order section

  • AI will recommend optimal indicators and parameters

  • Review suggestions and apply what makes sense for your strategy

AI Recommendations Include:

  • Best indicators for current market conditions

  • Optimal parameter values (RSI period, MA length, etc.)

  • Suitable timeframes for your trading style

  • Risk management suggestions

Monitoring Your Bot

Key Metrics to Watch

  • Total P&L: Your bot's profit/loss

  • ROI: Return on investment percentage

  • Active Trades: Currently open positions

  • Win Rate: Percentage of profitable trades

  • Max Drawdown: Largest loss from peak

Performance Dashboard

  • View real-time performance charts

  • Monitor recent alerts and trades

  • Track balance usage and allocation

  • Access detailed trading diary

Common Beginner Mistakes

1. Over-Optimization

  • Don't use too many indicators

  • Start simple and add complexity gradually

  • Avoid changing settings too frequently

2. Inadequate Risk Management

  • Always set stop losses

  • Don't risk more than 1-2% per trade

  • Use appropriate position sizing

3. Impatience

  • Give your bot time to work (at least 1-2 weeks)

  • Don't manually interfere with trades

  • Trust the process and your backtested strategy

4. Ignoring Market Conditions

  • RSI works best in ranging markets

  • Consider current market volatility

  • Adjust parameters for different market phases

Next Steps

After Your First Bot

  1. Monitor Performance: Let it run for 1-2 weeks

  2. Analyze Results: Review trading diary and metrics

  3. Optimize Gradually: Make small adjustments based on performance

  4. Scale Up: Increase position size if profitable

  5. Diversify: Create bots for different strategies/pairs

Advanced Features to Explore

  • Rules-based additional entries

  • Multi-timeframe analysis

  • Complex indicator combinations

  • Conditional exits and stops

Troubleshooting

Bot Not Executing Trades

  • Check exchange API permissions

  • Verify sufficient balance

  • Ensure market conditions meet your criteria

  • Review recent alerts for trigger history

Poor Performance

  • Consider current market conditions

  • Review win rate and drawdown

  • Check if parameters need adjustment

  • Consider different timeframes or indicators

Conclusion

Congratulations on creating your first Strategy Builder Bot! Remember that successful automated trading requires patience, proper risk management, and continuous learning. Start simple, monitor performance, and gradually increase complexity as you gain experience.

Your bot is now working 24/7 to execute your trading strategy. Use the performance metrics to track progress and make data-driven improvements to your approach.

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