1. Introduction
The BitMart AMM (Automated Market Making) Bot is a powerful tool designed to automate trading strategies on the BitMart exchange. This guide will help you understand how to set up, use, and optimize the bot to enhance your trading experience. BitMart Automated Market Making (AMM) Bot only serves BitMart Institutional Users who officially provide market-making services for their projects listed on the BitMart spot trading market.
2. Getting Started
2.1 Requirements
Before you begin, ensure you have the following:
- A BitMart account verified as an Institutional KYC User
- Sufficient liquidity deposit in your BitMart account
- Basic knowledge of trading and market-making
2.2 Account Setup
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Create a BitMart Account: If you don't have an account, sign up on the BitMart website.
- Ask For Whitelist: Contact the project coordinator from the BitMart Listing Operations Team.
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Login: Login to the AMM Bot here. Use the same account information and password as your BitMart account, and we support the same 2FA security verification.
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API Key Generation: Navigate to the API settings in your BitMart AMM Bot account and generate an API key. The bot will use this key to access your BitMart account.
- How to Create API Key: https://support.bitmart.com/hc/en-us/articles/360016076854-How-to-Create-An-API
- Obtain the BitMart API Key document from the official BitMart website: https://support.bitmart.com/hc/en-us/articles/360007700173-BitMart-Opens-API .
3. Using the BitMart AMM Bot
3.1 Dashboard Overview
- Upon launching the bot, you will be greeted by the dashboard. The dashboard provides an overview of your active market-making strategies and goal performance metrics.
3.2 Selecting the Default Trading Pair
- The default trading pair in your account is supposed to be the one you are providing market-making for.
- If you are market-making for more than 1 trading pair, you will be shown multiple options (see below as an example).
- Each account can be used for market-marking for multiple trading pairs.
3.3 Creating a New Volume Support Strategy
- Trading Logic: The daily maximum trading volume is restricted, and the AMM bot will execute trades randomly within a fluctuation range of +/-0.05% of the limit.
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Save and Activate: Choose your Daily Volume Limit and activate it by clicking "Start". The bot will start executing trades based on your predefined parameters.
- Adjustment and Maintainance: You can stop and change your limit at any time. When you have reached 10% of your Daily Volume Limit, you will receive a reminder that "Your account balance is below 10% of the daily volume, please replenish the funds promptly."
3.4 Creating a New Liquidity Support Strategy
- Trading Logic: The bot will buy or sell positions of the specified cryptocurrency within the set price range, corresponding to the total amount in USDT.
- Save and Activate: Choose your parameter and activate it by clicking "Place Sell Orders" or "Place Buy Orders", and the bot will start executing trades based on your predefined parameters.
- Cancel Orders: The AMM Bot will be automatically paused when you cancel the orders on both the buy and sell sides.
3.5 Creating a New Price Support Strategy
- Trading Logic: If the market price drops below the established price support level, the Liquidity-Supporting function will automatically place buy orders at prices below the support price to uphold it. These orders will be executed at market prices until the daily maximum buy volume is reached.
- Volume Per Order: The amount of each order should be between 100 USDT to 500 USDT.
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Save and Activate: Choose your Daily Volume Limit and activate it by clicking "Start". The bot will start executing trades based on your predefined parameters.
4. Monitoring and Maintenance
- Real-Time Monitoring: The dashboard provides real-time updates on the performance of your active strategies, and you can also contact your project coordinator from the BitMart Operations Team to monitor the liquidity performance.
- Software Updates: Regularly check for and install updates to ensure your bot operates with the latest version and security patches.
- Parameter Adjustments: Periodically review and adjust your strategy parameters based on market conditions and performance metrics.
5. Troubleshooting
- Connection Issues: Ensure your API key is correctly configured and that your internet connection is stable.
- Unexpected Behavior: Check the bot's log files for any error messages or unusual activities.
- Support: If you encounter persistent issues, contact your project coordinator from BitMart Operations Team for assistance.
6. Suggested Security Practices
- API Key Management: Use API keys with restricted permissions and rotate them periodically.
- Two-Factor Authentication: Enable two-factor authentication (2FA) on your BitMart account for enhanced security.
- Regular Audits: Conduct regular security audits of your trading strategies and bot configuration.
7. FAQs
Q: How do I reset my API key?
A: Go to the API settings in your BitMart account, revoke the old key, and generate a new one.
Q: Can I run multiple strategies simultaneously?
A: Yes, the bot supports running multiple strategies at the same time.
Q: Can I trade BTC/ETH/SOL using this AMM Bot?
A: No, this is only for project market-making purposes. You must contact the BitMart Operations team to ask for whitelisting of your account.
8. Support and Resources
- Documentation: Refer to the official BitMart AMM Bot website for detailed guides and tutorials.
- Customer Support: Contact BitMart support for any issues or questions you may have.
9. Attention
Use of BitMart services is entirely at your own risk. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance.
This guide is intended to help you navigate the setup and use of the BitMart AMM Bot efficiently. Always ensure you follow suggested security practices and keep your software up to date.
Thanks for your support!
BitMart Team
Aug 1, 2024
