Welcome to Skalpr Documentation
This documentation will help you get the most out of the Skalpr algorithmic trading platform. Learn how to create, configure, and optimize trading bots to automate your cryptocurrency trading strategies.
New to algorithmic trading? Start with our Bot Types and Strategy Basics sections to understand the fundamentals.
Platform Overview
Skalpr provides a complete ecosystem for algorithmic trading with these key features:
🤖 Trading Bots
Automate your trading strategies 24/7 with our powerful bot engine. Choose from pre-built strategies or create your own custom solutions.
📊 Market Analysis
Access real-time market data, technical indicators, and advanced charting tools to inform your trading decisions.
🛡️ Risk Management
Set stop-losses, take-profit levels, and position sizing rules to protect your capital.
Trading Bot Types
Skalpr offers several types of trading bots, each designed for specific market conditions and trading strategies.
Grid Trading Bot
The Grid bot places buy and sell orders at predetermined intervals above and below a set price, profiting from market volatility within a defined range.
DCA (Dollar-Cost Averaging) Bot
The DCA bot automatically purchases an asset at regular intervals, reducing the impact of volatility by averaging the entry price over time.
Trend Following Bot
This bot identifies and follows market trends using technical indicators, entering long positions in uptrends and short positions in downtrends.
Important: No trading strategy is perfect for all market conditions. Always backtest your bots and monitor their performance regularly.
Creating Your First Trading Bot
Follow these steps to create and deploy your first trading bot on Skalpr:
Connect Your Exchange
Navigate to Settings > Exchanges and connect your cryptocurrency exchange account via API keys. Ensure you grant the necessary permissions.
Choose a Bot Type
From the dashboard, click Create New Bot and select the type of bot that matches your trading strategy.
Configure Parameters
Set your trading pair, investment amount, risk parameters, and any strategy-specific settings.
Backtest Your Strategy
Use historical data to test how your bot would have performed. Adjust parameters based on the results.
Deploy Your Bot
Once satisfied with backtesting results, activate your bot to start live trading.
Tip: Start with small amounts and monitor your bot's performance before committing more capital.
Bot Configuration Guide
Proper configuration is crucial for bot performance. Here are the key settings to consider:
Basic Settings
- Trading Pair: Select the cryptocurrency pair you want to trade
- Investment Amount: Set the total capital allocated to this bot
- Order Type: Choose between market, limit, or other order types
Advanced Settings
- Take Profit: Set your target profit percentage
- Stop Loss: Define your maximum acceptable loss
- Trailing Stop: Enable to lock in profits as price moves favorably
- Leverage: For margin trading (advanced users only)
Note: Configuration options vary by bot type. Refer to the specific documentation for each bot type for complete details.
Backtesting Your Strategies
Backtesting allows you to evaluate how your trading strategy would have performed using historical data.
How to Run a Backtest
- Select the historical period you want to test (e.g., last 30 days, 90 days, etc.)
- Choose the trading pair and timeframe (1m, 5m, 1h, etc.)
- Set your strategy parameters exactly as you would for live trading
- Run the backtest and analyze the results
Key Metrics to Analyze
- Profit/Loss: Total return over the test period
- Win Rate: Percentage of profitable trades
- Max Drawdown: Largest peak-to-trough decline
- Risk/Reward Ratio: Average profit vs. average loss
Warning: Past performance is not indicative of future results. Market conditions change, so always monitor live bots carefully.
Frequently Asked Questions
How much capital do I need to start?
You can start with as little as $50-$100 for testing purposes, though the amount depends on the exchange's minimum trade sizes and your risk tolerance.
Can I run multiple bots simultaneously?
Yes, you can run multiple bots on different trading pairs or with different strategies. Your plan determines how many concurrent bots you can run.
Is algorithmic trading risky?
All trading involves risk. Algorithmic trading can help remove emotional decisions but requires careful strategy design and risk management.
How often should I check my bots?
Even with automated trading, we recommend checking your bots at least once daily to ensure they're performing as expected.