Take Advantage Of Spot Martingale | Bitget Guides
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What is Spot Martingale?
Spot Martingale is a continuous investment bot that opens the first order when the trigger conditions are met. If you go long, a variable amount of digital assets will be bought every time the price drops by a certain percentage to reduce total cost. All these assets will be sold together when the price rebounds and reaches the take-profit target.
Application of the spot Martingale bot
Spot Martingale is applicable to most scenarios (particularly mid- to long-term volatile markets), except for one-sided markets. It is suited for users who have a positive long-term outlook on a coin but difficulty in determining the entry timing who do not wish to miss out on the opportunity, or simply for users who want to withstand floating losses. As long as you are betting on high quality assets, you will still make profits after the price rallies despite some short-term drawdown.
How to set up a spot Martingale bot
Log in to your Bitget account
Go to Trade > Trading bots > Spot Martingale to enter the trading page.
You will see AI and Manual mode.
Under AI mode, you have three options: Conservative, Balanced, and Aggressive.
Choose the mode most suitable for you.
Based on historical market data, Bitget's AI algorithm recommends different trigger prices, safety order specifications, and TP/SL parameters for you.
All you need to do to create a bot is to enter an investment amount.
Manual mode requires some investment know-how.
You need to fill in the price action for safety orders, target price, base order size, max safety orders, along with other parameters to create a bot.
Take buying BTC/USDT as an example. After creating the bot, you can view your orders in Spot Martingale > Current bots.
Select a Spot Martingale bot, Click Details to go to the bot details page where you can see the bot's floating PnL, average position cost, number of filled safety orders, completed cycles, and other details.
You can click Stop to terminate the bot.
Spot Martingale tips
Spot Martingale is suited for volatile markets. The recommended parameters are based on historical data and are not indicative of future returns.
After creating a Martingale bot, make sure you have sufficient balance for the placement of safety orders. The funds required for safety orders will be frozen and separated from your trading account.
If a coin experiences an unpredictable or unusual event such as suspension or delisting, bots will be stopped automatically.
It is recommended that you make informed decisions after carefully reading the description of the Bitget spot Martingale product in full and making a reasonable assessment of your risk appetite.
With Martingale, profits have never been easier.
