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Master Deriv Bot Strategies for Smarter Trading Today

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Do you want to automate your trades to make profits in stock in indices, commodities, Forex, and 24/7 derived indices? You need a Deriv automatic bot. Whether you are an experienced trader or just kick-starting your career in trading, a Deriv bot can be your best companion. You can build your trading bot without using coding. 

To make a Deriv bot you have to build a strategy by giving trading instructions to the system. For example, set values and trading points as a strategy by using the drag-and-drop functionality of the blocks. You can easily create your workplace on Deriv Login with this feature. Also, with an automatic bot, you will never miss any trade in the future when you are not live.

Trade Types On Deriv Bot

On the Deriv bot, you can get access to different multipliers and tradingview contracts based on the nature of the asset you choose. To use it appropriately, you only have to predict the profitable moment of a specific asset to initiate a trade. Also, for presets, simply go to trade parameters and pick a suitable market and asset.

How Does Deriv Bot Work

On Deriv bot you can get access to pre-set and all required parameters. Once you click on a specific market asset or trade type in the preset, the bot already sets the duration of trade and stake amount. You have to just click on run if you find a pre-set suitable for a specific asset. 

However, if you are not okay with default numbers and the given option, you can customize any block according to your strategy. It allows you to build a basic trading bot by joining blocks of each parameter. 

You can start with the basic bot and can proceed toward more advanced options. For an advanced strategy, you have to add more blocks in the coming trade. To get access to the required block, click on the utility tab present on the left side. If you need to analyze an asset or market, click on the analysis tab located on the right side.

Useful Features On Deriv Bot

  • On the Deriv bot, once you run a trade by joining blocks, it will give access to you a transaction and general time. This allows you to keep an eye on your previous and current transactions.
  • Under the trade, you can see a tab that lets you explore the real-time price of the chosen asset.
  • You can create your strategies based on your previous analysis and save them for later use. Also, on the bot, you can access ready-made trading strategies that you can use if you find one suitable for you.
  • Once you design a strategy you can keep it for later use with a little adjustment. This way, you don’t have to create a strategy from scratch for similar situations.

FAQs

No, Deriv bot is completely free and you can find useful presets on the bot to run successful trades. Also, it offers all the required tools helpful to build your trading bot in no time. 

To run a deriv bot, your account should be live. Therefore, when you close the browser, you go offline and it stops working. However, if you minimize the screen, it will keep working in the background according to the assigned strategy. 

No, Deriv bot did not work for cryptocurrency but you can get benefits for other assets.

Normally a basic trading bot costs around $100 with all basic features. If you are looking for an advanced bot with better analysis tools and customization features, it will cost you around $500 minimum.

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