Create a signal distribution bot

Overview

This article provides all the necessary steps to create a distribution bot using  Anny's algorithms.

 

Target audience

Signal and strategy providers and Bot traders.

 

Pre-requisites

• If you are a signal or strategy provider, you will need to create your signal group first. Follow this link to learn how.
  

Create a distribution Bot

Objective: you will create a distribution bot that uses algorithms as the signal engine.

Instructions: from the Dashboard tab, select the Bots section from the menu on the left and then click on Create a bot.

1. Bot type selection: choose the type of bot you want to create, which in this case would be Distribute since the signals will be distributed to your group members.
   
   
   
   
2. Create a strategy: choose a group of indicators for your bot to assess. Drag and include the indicators you wish the bot to observe within the indicator's "event trigger" and "confirmations" sections.
   You have the flexibility to modify the parameters of each indicator, such as Periods, Candle, Condition, and expected value.
   You can establish both entry and exit (liquidation) strategies.
   Additional notes on the exit strategy:
   • The exit is only executed if the bot initiates the entry.
   • Once an exit condition is met, a liquidation signal will be fired, and your position will be closed, regardless of whether it's in profit or loss.
   • Exit conditions are not mandatory.
     
     
     
     

3. Distribution settings: specify the setup for signal parameters, particularly outlining the criteria for automated entry and exit.

   • Signal group: select the group to distribute the signal.
   • Entry mode: market or advanced DCA.
   • Position size: amount allocated to a position, either by fixed risk or fixed investment, relative to the total allocated capital. To learn more, click here.
     
   • Price targets: set the profit and loss targets of the signal (Stop loss and targets).
     
     
     
     
4. Compose your portfolio:  select the exchange and define the set of symbols that your bot should monitor.
   
   
   
   
5. Launch: Review your data, define the recurrency, name it and your bot will be ready to be launched.

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Common issues

• The strategy is being reached, but Anny isn't generating the signal.
  Please take note of the number of indicators you've selected, as all parameters must align simultaneously for a signal to be generated.
  Keep in mind that the more indicators you incorporate, the more challenging it becomes to trigger signals.
  
  
• A signal was accepted but the investment wasn't executed.
  There could be various reasons for not entering a position, such as API issues, insufficient balance, or auto-invest being turned off, among others. To promptly resolve any obstacles to successful trade entries, regularly monitor your positions and stay attentive to Anny's notifications.
  How do I check why I didn't enter a position?

 

Additional resources

• Monetize your signals, by adding a subscription or a profit sharing plan. Click here to learn more.
• Backtest your signals and check if they are correctly firing.
  In order to test if the Bot is firing and distributing the signals accordingly you can test it allocating a very small amount so you can receive the signal but NOT enter it.