Eazybot set up
This is what it will look like when you’re using easybot all right. So when we jump in here, i’m going to take you right into the box and go to bot management and let’s jump right into box. So as you can see, please fund your wallet to continue uninterrupted trading, so we don’t have any funds. This is the development side, so we don’t have any funds in this account, but that gives you an idea of a warning that will pop up.
If you don’t have enough funds in your account. So let me talk about what what that means and why you’re seeing that warning so the way easybot works is it will trade for you 24 7. However, uh, when you do, when you do close on it on a winning trade when easy buck closes on a trade, you are going to give it either 20 or 30 depending on your subscription level. So if you’re a free user, we give easy bot 30.
If you’re an advanced or vip user, it’s 20, every time ezbot closes on a trade if it makes you 10 and you’re a free user. We’re gon na give it three dollars if you’re an advanced or vip user. We’re only gon na have to give it two dollars, so we need to have funds in a separate wallet in easybot that it can pull those fees from.
We call this a software service fee. It’s the service, it’s the fee that we pay to the software for the service, it’s providing for us and we need to prepay those fees. We set it up in a wallet separate from your exchange account because easybot doesn’t have access to pull any funds from your exchange, so we put it in this separate wallet. In fact, let me jump over here.
You see my wallet so when you get to my wallet, you’ll notice, some of the some of the terminologies here will change, but there are actually a couple of different wallets. You can look at all your wallets. You can look at the wallet that holds your service fees again.
Some of these naming naming structures will change. Selffunding, commission distribution, commission level, so we have different wallets. One of those wallets will be the service fee, so we’re going to preload funds into that service.
Fee wallet – and that is where easybot will pull that 20 or 30 every time it closes on a trade on your behalf, uh some other wallets will deal with uh with other other aspects that we’ll talk about a little bit later. So i’m going to go back to where we actually set up the box where the magic happens so once you’ve got an easy bot subscription. If you’re a free user, you have access to set up two bots and, as you go up in the subscription levels, you get access to more bots.
Once you open up to start setting up about one thing that you’re not going to see here, that will be in the final production at launch. Is that one click trading strategy? So you don’t see that button selector here just yet, but that will be part of our setup and our setting when we get launched all right. So a couple of things i’ll just run through all of these different pieces with you here and we can come back and take any questions uh if it goes over your head, if you’re brand new to crypto or brand new to trading, please don’t feel like you Need to understand all the different things that i’m going to go through with you, because the purpose of that one click strategy setup is that you don’t need to know any of this. It’s going to prefill if the all the parameters that you need to have in order for you to start successfully trading, but because we’re in prelaunch – and there are a lot of you that have questions about what makes easybot so special.
I do want to run through it with you and we’re very, very proud of this user interface. The way it looks we, oh by the way uh there is the ability to change this, that right now we’re in night mode or dark mode, and we do have the ability to switch between uh light and dark mode beautiful, either way all right. Let’s keep it in light mode, all right. So the first thing you can do here because you can trade, multiple bots, you might want a title or you will need to actually title each of the bots that you’re trading.
So, for example, we might come in here and call this test one and we’ll date it uh. It’s the fourth, where i am 3, 4. 20.
22. You can name it anything! You want whatever makes sense to you. So if you’re doing uh, let’s say test one xrp, we’re trading xrp, all right, so we’re gon na name it.
Here’s one thing: that’s cool about easybot is that you can actually trade the same coin in multiple bots. So i can test xrp and the preset strategy, or i can test and excuse me. I can run xrp in a totally different strategy, so i can run the same coin side by side in two different strategies.
All right. The other thing that we’re going to do is choose an exchange. We will have the ability for you to choose multiple exchanges. So in that scenario that i just gave you where we are, we might be testing xrp on one on two different strategies.
We could also test it in two different exchanges: all right coin selection. I know a lot of you have asked the question about what coins are available in easybot uh. Well, there you go, we’ve got um, there are 21 coins that will be available uh on binance. Those 21 coins are programmed.
We may have a little bit of a different selection in different exchanges, but as of right now, what’s ready to go: bitcoin finance coin, ethereum, solana, ave trx, tron coin, xrp, ada, dot, doge, ltc, uni, luna, bch, etc, link matic, xlm and xmr. Those are all ready and available for you all right, so the bot option when we get down here you have the option between cycle and single the cycle strategy. It simply means that ezbot is going to open and close a trade automatically over and over and over and over and over again until you choose to stop it. If you put it in single strategy, probably something that our day traders and our scalpers are going to use more often, that means that easy bites going to open and close the trade and wait for you for further instruction.
It won’t keep trading all right status, uh, pretty straightforward, active or inactive, and the balance balance is a pretty important feature here. This is how much you are giving to easybot to trade for you now. It’s important to know that the minimum required amount to successfully use the oneclick trading strategy is 600. That strategy is designed to work with no less than six hundred dollars.
So if you give easybot less than six hundred dollars you’re on your own, so you need a minimum of six hundred dollars. It will work with less but you’ve been warned it’s designed to need at least 600 for it to trade successfully using that strategy and here’s. Why what we know about the cryptocurrency markets is that it’s extraordinarily volatile and if you paid attention to what happened last year in 2021, we saw multiple occasions where there were drops of over 50 percent.
Now, if you’re in the market and you’re trading, you want to be prepared to continue to successfully make profit and close trades even in a 50 or greater drop, and that’s exactly what easybot’s been designed to do. Even in a significant downturn, 50 or more easybot will still open and close trades successfully for you, so minimum required amount recommended amount. Six hundred dollars. You can trade as much as you like so you’re, going to choose how much you want to allocate to this particular bot.
Here’s something else. That’s really important as we’re talking about balance. So, let’s assume that you’re trading multiple coins, easybot, if you see here, is uh.
It’s going to be able to show you your exchange balance. Now, let’s say we have a couple other bots that are running. Let’s pick a round number, for example, and say: we’ve got two thousand dollars in our exchange account and we’re already spending 15. Let’s say we’re already spending a thousand dollars in our in whatever other setup, we have maybe we’re trading another bot and we have a thousand dollars allocated to it.
Well, if we wanted to trade two more bots – and this was our third – then if we were, if we were setting this up – to use more funds than what were what was in our total exchange, we’re going to get a warning ezbot’s not going to stop you From doing it, but it will warn you and it will tell you you are over extending yourself. You are setting me up to potentially have you in a situation where you’re going to run out of money and this strategy, setting that we have for you might not work out. So you won’t be able to.
You won’t be flying blind when you’re setting up your balance. That’s the that’s the short story, all right, your initial order. Again, if you are using the oneclick strategy setting this initial order, will fill in for you.
The balance is something that you will need to choose manually and everything else in this section in the box to your left. You’Ll need to choose manually as well, but your initial order is a preset set uh, a preset setting if you’re, using the oneclick trading strategy. Now, if you’re an advanced user, there are some things that you’re absolutely going to love about easybot, and the initial order will be something that you can choose for yourself. The initial order, essentially, is: how much are you gon na open this trade with and for each trade? We’re gon na we’re we’re going to ask easybot to start this trade with a certain dollar amount.
The minimum amount that an exchange will accept is ten dollars. So with easybot, we generally start these initial orders with no less than twenty dollars when you’re using the oneclick trading strategy. That’s currently programmed now, the button right below it initiate immediately is going to be checked when you’re using the oneclick trading strategy. However, for our advanced users, you can uncheck that, and that opens up two more boxes for you again.
These aren’t part of our one click strategy, but for our advanced users, you may absolutely love this feature. What it does for you is price after x percentage. What does that mean? Essentially what that means is that, after easy bot closes a trade, you can tell it wait until there is a drop in this case.
If we use this number, we’re telling easy about wait until there’s a drop in this coin of one and a half percent before you go back into another trade, look for a one and a half percent drop and then the pullback says i want there to be A one and a half percent drop and then i want there to be a half a percent increase in the price when those two things happens. That’s when i want to go back in so you have that’s an absolutely fantastic piece of uh or uh. That’s an absolutely fantastic customizable setting for our more advanced traders, you’re gon na love – that one thing – that’s not here that you will see in the final production at launch of easybot is a button that allows you to turn on and off automatic compounding now automatic. Compounding is a feature that we absolutely love.
I talked about it just a moment ago. Basically, what it does is. It takes all the profit that easybot makes and puts that back into the total pool and adjusts your initial order, meaning that you’re using the funds you’re using the profit that easybot makes for you immediately and it’s automatically compounding all the new money. All the new crypto that you’re earning and using it to earn you more new crypto, all right, so jumping down a little bit further uh.
We have our take profit section. You can set your take profit ratio. So what we’re looking at here is: how much do we want this particular coin to go up before we close the trade right now it’s set at one and a half percent, which means that if we go into a position we want one and a half percent Profit now, if you’re new to crypto or new, to crypto trading, that might not sound like a lot. But i want you to appreciate the easybots running 24 hours a day seven days a week.
It is constantly looking for just small increments of profit, and it’s closing it for you without any input or any interaction from you now. The profit retracement is a really cool feature, because what it does is it allows you to actually capture more than the one and a half percent that you see in the take profit. The way that works is what take profit is saying the easy about. When we see one and a half percent profit from this trade position, we want you to stand by don’t close this trade just yet.
We want to wait until there is a retracement, so there’s a little bit of a drop of a half a percent and of course both of these numbers can be changed, but we want it. We want there to be a little bit of a drop so that we have captured as much profit as possible, but once it starts to go the other way, let’s go ahead and close this trade and take our profit all right. So now the take profit independent. What’s the difference between take profit average and take profit independent, so i’m going to come back to the to this.
Take profit independent in just a second and i’m going to tell you what we mean by average. So in easybot we have we’re the way this is going to work is you’re, going to open and a tray a trade with an initial position that initial position for those of you who are more technical is 33 percent of whatever the total amount is that you’ve Put in the balance right here so once we’ve opened the trade, let’s say: we’ve opened it in this case with twenty dollars. Well, one of two things is going to happen: value is going to go up or the value is going to go down.
The value goes up enough to cover that one and a half percent, plus the retracement, we’re going to close the trade we’re going to take profit easy by if you’re compounding it’s going to use that new money and get you right back into a new trading position. Now, if it goes the other way which it often does in crypto, which is why crypto trading is hard and why easy buy is so special if it goes down, then what’s going to happen is easybot is going to buy additional positions. What we call that in easy body is a cover, we’re going to buy or we’re going to cover the initial position by buying more positions. So i’d like to tell the story of uh going out and buying a pair of shoes, you paid 100 for this pair of shoes, you absolutely loved it.
Maybe you thought about selling it for a profit, but then the next day a friend called you and told you that you saw the same pair of shoes on sale for fifty dollars, literally half what you paid for it. So you went out and bought the pair of shoes for fifty dollars. You now you have a pair that you paid 100 and a pair that you paid 50. So your average cost of those two pairs of shoes is now 75.
So, in order to make profit, when you sell these two pairs of shoes, you would have. If you only had the one pair the hundred dollar period, you would have had to make more than a hundred dollars, but because you now have an average cost between the two. You only have to make more than 75 dollars in order to make profit.
So very similar concept and what a cover does in easybot, we bought an initial position when the when the coin value drops we’re going to buy an additional position at the lower price, lowering our average cost and we’ll continue to do that. Easybot will continue to do that for you again without any input or interaction needed from you and really what we love about easybot is that it it relishes in the drop in the market. You know a lot of times when we think about how we make money. We think we need to always be buying low and selling high, and eventually we certainly do, but we actually make more money when the market’s going down because of how sophisticated easybot is at looking at the market.
It does that every single second looks at the market. Reads the market can make a decision about buying or selling on your behalf, so it’s going to buy additional positions. These positions here in blue represent what we’re talking about here when we say take profit average.
All of these positions, the initial position, plus these additional – covers one two and three all we are going to average easy about it’s going to average those positions and then the profit that it’s looking for is one and a half percent or whatever number you have in There of that average position, so in the case of the shoes, it’s gon na take the hundred dollar pair of shoes and the seventyfive dollar pair of shoes and if it bought more shoes at lower prices to take average of those pairs of shoes, then look for The one and a half percent profit with the retracement to close the trade. Now what happens if it keeps going past? These three covers well, these that are not in blue they’re, not part of that average trade. These are considered independent trades and that’s what we are talking about over here so right now we have three independent trades positions. Four five and six are independent.
What that means is that if we continue, the price of the coin continues to drop. Easybot is going to open these as independent positions, so in the case of shoes, for example, we bought the shoes at 100. We bought one at 50. We bought one at 45 40, but then it dropped all the way to 30 in our and we bought that as an independent position.
It’s not part of our average cost of the other shoes we bought it independently and we’re going to sell it independently. So we bought a pair of shoes at 35 and if we can sell it at 36 or let’s say 38, we made three dollars in profit. We’re going to take that profit and we’re not going to close the entire trade. Yet because our total average cost is higher than what we just bought and sold, but we’re going to take that three dollars in profit.
We bought it 35 closed at 38. Now an easybot here’s how this works – and this is absolutely incredible – super super special. So, let’s, let’s simplify our shoe example and go back to the hundred dollars and the 50 pair shoes for an average cost of 75. Now, let’s say we bought a pair of shoes that let’s go back and say we bought a pair independent position bought at 35 and we sold it 38.
So now there’s three dollars in profit: here’s what easybot is going to do with that three dollars in profit. It’s gon na take a dollar. Fifty, it’s gon na put it right into your exchange, account profit.
You get to keep the other dollar 50. It’s going to take it and apply it to the 75. So now your average position price becomes 73 dollars and 50 cents. That’s powerful because the more that happens, the lower and lower your average position price is going to become and the easier and easier it’s going to be for you to close this trade in profit, because you no longer need to get to 75 that dollar 50 lowered.
It to 7350, so now our target is lower and lower, and so as the market’s dropping, as we see happen so often in crypto, we know it doesn’t happen in a straight line. It generally happens with some movement up and down, and so, as that’s happening, easybots opening and closing these independent positions and taking that profit and helping reduce the average of your trade at reduce the cost or the position of your average. On your initial position – and your first three covers so, your take profit on your independent positions can also be set for each of these independent positions, plus guess what we can open as many of these as you like, we can just keep going and we can get Rid of them when we don’t want them all right, so the independent positions are so absolutely amazing, not only because they’re making you money in a down market, but they’re, also helping to close a trade that you might have bought in a much higher position than where The market currently is functioning or is currently holding all right. One other thing that you should know that is really very special again for our advanced traders is right.
Now what you see is after x, cover what this means and some of this language again will change. But what this means is that you see that there these three are in blue. I already told you that means that those are all part of the average trade.
Well, guess what we can do we can change that so that only these next, these first two covers are part of the average trade we can change it so that the only the first cover is part of the average trade, and we can take it such that Every single position operates independently. We can go the other way and make the first nine positions part of the average trade. So a lot of flexibility here we can set our take profit and our profit retracement, just like we did in the average trade again settings for our advanced users.
If this feels like it’s a little overwhelming or over your head, you don’t have to know any of these things that i just went through. This is just an example of how easy bot works.