BINANCE-FUTURES 📈 MONITORING 🚀 bot review, trading with bot.

In the previous article, we reviewed the BINANCE-FUTURES 📈 MONITORING 🚀 bot interface.
In this article, we will consider notifications about trades of traders, and trading by bot. Let's get started!

Consider the type of transaction messages. After we added traders to the observation and went to the main menu, the bot will send us messages about transactions, as in the screenshot below:

Under each message about the transaction there is a link to the trader's profile (you can go in and make sure that the trade is really open)

Go to the profile, look at the Positions tab, find our trade.

An important point. As you can see, when displaying a trade (position), Binance does not explicitly provide us with important information such as the type of trade, leverage and margin, and only provides information about the size of the trade (including leverage), entry price, mark price, as well as current PNL and ROE:

The bot automatically determines the type of transaction (Long / Short), leverage, and margin according to the appropriate formulas based on open data from Binance and sends this information in the trade notification, so it will not be difficult for you to repeat the trade exactly after the trader.

Opening a trade on Binance

By clicking on the "Open Trade" button under the notification of opening a trade, the bot will offer to go directly to opening a trade in Binance immediately in the corresponding currency pair:

Important trading rules that will allow you to minimize risks when trading with a bot:

1. Use only isolated margin - so for each trade, the risks will be limited only to the allocated amount, and not to the entire available deposit, as with cross (cross) margin.
2. Open each trade for a small fraction of the available deposit (ideally - 1-2%, no more than 5%). Even the top Binance traders are always at risk, and they can also make mistakes, so there is no need to go all-in and enter all (or half) of the deposit in one trade.
   It is much more efficient to open a large number of different trades for small amounts, instead of one large one. You can repeat them for different traders - thus, it is much less likely to go into a minus and more likely to go into a plus.
3. Do not ignore trade update notifications - a trader can increase or decrease a position before closing it completely. If the trader increases the position, he is confident in the correctness of the transaction and plans to increase profit; if he decreases, he partially fixes the profit, which is a signal to do the same.
4. Before repeating trades for a specific trader, follow him in the bot, see in real time how they open and close transactions, how often they go into the red. A convenient way is to search for messages about the closing of trades using the search by correspondence in Telegram.

In this article, we reviewed trading with a bot on Binance Futures. We wish you successful trading and big profits!