What are Futures Martingale Bots?
Futures Martingale Bots are tools to help automate your trading strategies. Futures Martingale Bots are designed to place additional orders on your long or short positions after each losing trade to recover losses and potentially see growth in the long term.
What type of market is suitable for the Futures Martingale Bot?
Futures Martingale Bots strategies are suitable for volatile markets and choppy sideways movements.
What tokens does Toobit support in order to create the Futures Martingale Bot?
At the moment, we are only supporting USDT Perpetual Contract.
Are there any fees associated with Futures Martingale Bots?
The fee structure is the same as the rates of trading USDT Perpetual on Toobit. Please note that a funding fee will be incurred at the funding fee interval of the contract traded, which may be paid or received.
Which account can I use the Futures Martingale Bot for?
When you create a Futures Martingale Bot, the system will automatically transfer the investment amount from your Futures Account.
Is Identity Verification (KYC) required to use the Futures Martingale Bot?
No, all users can create Trading bots without any KYC verification.
What order modes does the Toobit Futures Martingale Bot offer?
The Futures Martingale Bot offers both long and short positions to bet against market movements. Users can choose between AI-recommended and manual parameters to configure their Martingale Bot.
How do I receive the profits generated from my Futures Martingale Bot?
While the Futures Martingale Bot is still running, any profit gained will stay within the bot. However, it will not be used as margin for the next round of trading. The funds will be automatically transferred from the user’s Trading Bot Account to the Futures Account after the Martingale Bot strategy is terminated.
How many Futures Martingale Bots can I run simultaneously?
Each user can have up to 10 Futures Martingale Bots running simultaneously.
In which margin mode is the Futures Martingale Bot holding the trading positions?
The positions in Futures Martingale Bots are held under the Cross Margin mode.
Under what circumstances will the Futures Martingale Bot automatically terminate?
The Futures Martingale Bot can be automatically terminated for the following reasons:
- Your Stop Loss is triggered.
- Your profit target per round is met, and the “Enable Loop” is disabled.
- Your position is liquidated.
- The trading pair is delisted.
- Your account is under a Trading Ban due to security reasons.
Can I use bonus vouchers for the Futures Martingale Bot?
No, users can not use bonus vouchers for the Futures Martingale Bot.
Are there circumstances under which my Futures Martingale Bot position can be liquidated?
Similar to USDT Perpetual Contract trading under Cross Margin mode, Futures Martingale Bot positions can be liquidated if the mark price reaches the liquidation price calculated based on the preset parameters. Upon liquidation, the Futures Martingale Bot will be terminated and the position will be closed.
Which margin mode does the Futures Martingale Bot hold the trading positions?
The positions in Futures Martingale Bots are held under the Cross Margin mode.
