What's the Mizar OKX trading bot? Mizar is a crypto trading platform to manage and automate your orders. On Mizar, you can create your bots or copy-trade successful pros to manage your portfolio on your account by connecting to the Mizar bot interface with your OKX API keys.Why should I use the Mizar OKX trading bot? Mizar is a safe and reliable trading platform with a user-friendly interface and...

Assess market conditions: before setting TP/SL levels, evaluate the current market conditions, including volatility and trend direction. Use technical analysis: employ technical indicators and chart patterns to determine optimal TP/SL levels. Risk management: ensure your SL is set at a level that limits potential losses to an acceptable amount while placing TP at realistic profit levels.

Partial liquidation and full liquidation When the margin level of the position is less than or equal to 300%, our system will notify the trader of potential liquidation risks. 300% is the default level, but OKX reserves the right to adjust this according to market conditions.A liquidation will be triggered if the margin level of the position is less than or equal to 100%.

Lower price: the lowest price level at which the bot will operate. The bot will stop placing orders if the market price falls below this level. Upper price: the highest price level at which the bot will operate. The bot will stop placing orders if the market price exceeds this level. Grid quantity: this refers to the number of price levels (grids) that your selected price range is divided into. The bot will place buy and sell orders at each level.

How can I upgrade my VIP level and reduce trading fees? You can upgrade your trading fee level by increasing your asset volume or trading volume. Based on trading volume, users are divided into two levels: Regular and VIP. VIP users are categorized into levels based on asset volume and trading volume over the past 30 days. Different levels determine the trading fees for the next trading day.

If you invest in base currency (for example, BTC): your bot will place sell orders at each grid level, using the base currency to sell at the grid levels. Just like with quote currency investment, the initial orders may get filled right away if the market price aligns with your grid levels. If you invest in both base and quote currencies: the bot will place a combination of buy and sell orders across the grid levels, with the goal of maximizing the use of both your base and quote currencies.

Explore our comprehensive range of indicators and tools to identify key resistance and support levels. Learn more about it here.Manage your trading risk with TP/SL Take profit (TP) and stop loss (SL) are crucial elements in trading strategy. Be sure to set and adjust your profit targets and stop loss levels as needed. What's Take Profit (TP) and Stop Loss (SL)? Take Profit (TP): a pre-set order that automatically closes your trade when the price reaches a certain profit level.

When the market price reaches this level, the TP order will be executed to lock in profits. SL trigger price: this is the price at which your Stop Loss order will be triggered. When the market price hits this level, the SL order will be executed to limit your losses. Trade > select TP/SL > OCO > enter amount for TP trigger price and SL trigger price > Sell Fill in your TP/SL trigger prices to proceed with your trading

Finally, the bot will have a buy order at each grid level from 50,000 USDT to 60,000 USDT and a sell order at each grid level from 62,000 USDT to 100,000 USDT. Stage 2 - Bot operation: A buy order will be filled when the price drops below 60,000 USDT, and in the meantime, a sell order will be opened at the nearest grid level above (61,000 USDT).

An iceberg order is an algorithmic order that allows you to: Slice large orders into multiple small orders Orders will be placed on the market according to their preferred mode (Quick execution/Price-speed balance/Passive queuing) When one of the smaller orders has completely filled, or the level changed from the initial orders, the system will check the depth and place the order accordingly.Can I have an example of how the Iceberg bot works?

Finally, the bot will have a buy order at each grid level from 50,000 USDT to 60,000 USDT and a sell order at each grid level from 62,000 USDT to 100,000 USDT. Stage 2 - Bot operation: A buy order will be filled when the price drops below 60,000 USDT, and in the meantime, a sell order will be opened at the nearest grid level above (61,000 USDT).

If your margin level falls to 300%, you’ll receive a liquidation warning, alerting you of the liquidation risk. If your margin level falls to 100% or lower, partial or full liquidation will be triggered depending on the amount of liabilities and assets at that point in time. For more details, refer to Isolated margin mode, Spot and futures cross margin mode and Tiered maintenance margin ratio rules. This document is provided for informational purposes only.

If the price falls, based on your settings, the bot executes another buy order, and this cycle continues until you hit your maximum number of orders, take profit level, or stop loss level. Cycles: if the price reaches your take profit level, the bot sells your crypto holdings and then starts another cycle starting from the first buy order.

OKX offers a range of preset bots, user-friendly interfaces, dedicated support, and a comprehensive trading experience for traders of all levels. Whether you're a beginner exploring algorithmic trading or an experienced trader looking for new trading opportunities, OKX provides a secure and transparent environment to optimize your trading strategies and diversify your portfolio.

For VIP users, when the cross equity of supported tokens is positive, an Auto-Earn button will be available in the trading account asset tab.Quota Rules The individual earning quota for Auto Earn in trading accounts is set at the main account level and is shared among main and sub-accounts.