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Your first bot on real money: what to check before you start

Between “the bot made sense on paper” and “the bot is trading my money” there are a few minutes of preparation. Here they are, in order.

1. The account

  • Turn on two-factor protection and save the recovery codes.
  • Link Telegram or turn on notifications on your phone: a problem with a bot is better learnt of at once.

2. The exchange key

  • Create a separate key on the exchange for Nexora alone.
  • Enable reading and spot trading. Do not enable withdrawal: the app will not accept such a key.
  • Bind the key to the server’s IP address — the app shows it on the Exchanges screen.

3. The money

  • Add up every rung: that is what the bot will tie up in a fall.
  • Make sure the exchange account the key works with holds that sum in USDT, and a margin on top.
  • Take an amount you can bear to have stuck for weeks.

4. The settings

  • Use the settings you saw on paper and in a backtest — with no “last-minute” changes.
  • Check that a rung’s amount is above the exchange’s minimum, with a margin.
  • Decide beforehand what you will do once every rung has bought.

5. The start

Before your first bot on real funds the app shows a risk warning and asks you to confirm that you accept it. It is not a formality: it lists what no setting protects against — an exchange outage, lost connectivity, sharp market moves.

A grid bot buys its first rung at market the moment it starts, so the first trade appears almost at once.

6. The first days

  • Look into History: the bot’s trades should match what you see on the exchange.
  • Do not touch the bot’s coins on the exchange by hand: it counts them as its own.
  • Do not change the settings after every trade. Let the bot go through both a rise and a fall.
  • If something is unclear there is “Stop buying”: the bot stops buying but goes on selling.

What this list does not give you

A profit. It removes mistakes of preparation: a rung that is too small, a key with rights it does not need, an amount “to the last cent”. Where the price will go nobody knows — the bot included.

Trading cryptocurrency carries a high risk and may result in the partial or total loss of funds. Nothing on this site is investment advice. Nexora is software, not a broker or an asset manager.

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