Account and Exchange Terminal Setup
Trading on OKX
To start trading on OKX, follow these steps:
1. Funding your trading account:
Make sure you have funds available in your OKX trading account.
To launch a bot, your balance must be at least 200 USDT.
To run a spot short bot, you need to hold a coin equivalent to 200 USDT in value.
2. Setting up the OKX terminal:
In the “Margin Mode”, ensure Cross Margin is selected.
Go to the upper-right corner of the OKX terminal and click the gear icon (Settings).
In the “Account Mode” section, choose one of the following modes:
Spot and Futures Mode
Multi-currency Margin Mode
Portfolio Margin Mode
In the “Position Mode” section, select “One-way Mode”.
The Hedge Mode is available only for the DEFAULT strategy; all other strategies support only One-way Position Mode.
Leverage:
Set the maximum leverage, or choose a level that won’t interfere with the bot’s operation and aligns with your personal risk tolerance when the bot builds a position.
Setting up the Bybit terminal:
To trade on Bybit, follow these steps:
Funding your account:
To launch spot and futures bots, your balance on the Unified Trading Account must be at least 200 USDT;
To run a spot short bot, you need to hold a coin equivalent to 200 USDT.
To use inverse contract bots, you must also hold a coin equivalent to 200 USDT
Setting up the Bybit terminal:
In the “Margin Mode” section, select one of the following:
Cross Margin
Portfolio Margin
In the “Position Mode” section, select “One-way Mode”.
The Hedge Mode is available only for the DEFAULT strategy; all other strategies support only One-way Position Mode.
Leverage:
Set the maximum leverage, or choose a level that does not interfere with the bot’s operation and matches your personal risk tolerance when the bot opens positions.
Using Coins as Collateral:
If your selected account mode allows it, you can use coins as collateral for trading on both OKX and Bybit.
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