Are there any recommended settings for a scalping bot on Binance?

1 answers

• José Luis Ramirez OrtizJan 08, 2022 · 4 years ago
  At BYDFi, we recommend starting with a conservative approach when setting up a scalping bot on Binance. Begin with a small trading size and gradually increase it as you gain more experience and confidence in your bot's performance. It's also important to set realistic profit targets and not get carried away with the potential for high returns. Remember that scalping bots operate in a fast-paced and volatile market, so it's crucial to monitor your bot's performance closely and make adjustments as needed. Additionally, consider diversifying your trading strategies and not relying solely on scalping bots for your trading activities. As with any trading strategy, it's important to stay informed about market trends and news that may impact your bot's performance.
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