In-depth Feature Documentation

BravoBot's features deep dive and explanation.

Adding Binance API

BravoBot uses API keys to make trandes on your behalf. API keys gives BravoBot the ability to check your balance to know if you can afford to make a trade and to make trades automatically. So to utilize the full power of BravoBot it will need your API key.

If you wish to use KuCoin click here.

Starting off

You can find the API panel in the settings of your account. Then you will want to head over to the “API Keys” tab. Here you will be able to label your API key. Naming your API key is essential if you’re using multiple exchanges – making them easier to identify. The last two fields are for the API key and API key secret, these two are essential to the functionality of the bot.

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Getting the API Key

To get your Binance API key, you need to be logged in, head over to the icon that looks like a person in a circle, and in the menu that comes up, press “API Management.”

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Then click on the "Create API" button.

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After that, you want to make sure the "System Generated API key" is selected, the other option is for advanced users only, use it only if you know what you're doing.

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On the API Management page, you have to create a label for the API key you’re about to make. This can also be anything. For this example, the API key will be named “example” best you call yours “BravoBot” since that’s what we’re making the key for.

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Binance will ask for a code from your email and your authenticator to create your API key. After you provide them both, you will be able to proceed.

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Once you see the page where you can see the API key, you will want to press “Edit restrictions” to edit the API key’s permissions. First, make sure “Enable Reading” is enabled. This is to make sure the key has permission to read your account balance. BravoBot needs to read your account balance for various functions to work. The other permission you need enabled is “Enable Spot & Margin Trading”. BravoBot specializes in the Spot market, so that permission needs to be enabled for the Bot to make trades. Click “Save” after making sure the two permissions are enabled.

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Restricting API Key to Trusted IP Addresses

This is a security feature that allows users to specify a list of trusted IP addresses that will be able to access the user's account via the Binance API. This means that if someone tries to access the user's account through the API from an IP address that is not on the trusted list, they will be denied access. This can help protect against unauthorized access to the user's account through the API, as it ensures that only the user and anyone else they have explicitly allowed will be able to access the account through the API.

Click on "Restrict access to trusted IP's only.

Head over to BravoBot app, and under settings go into the API settings, there you will see three IP addresses generated just for you. Go to the far right of the IP field and click on the copy button.

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Then finally go back to Binance and paste it into the IP address field then click confirm.

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It should look like this afterward.

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After confirming your trusted IPs. Press 'Save'.

Putting your API Key into BravoBot

To finish off, you will have to add your API key to BravoBot. Put the API key and API secret key into the corresponding places on BravoBot and click submit. Now just press submit.

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Now BravoBot will be able to trade on your behalf once you launch a live bot.

The next step is to create a virtual wallet.

Virtual Wallets

Virtual wallets is BravoBot’s solution to wanting to run multiple trading bots on one exchange account. Virtual wallets allow you to split your wallet into smaller wallets for different bots to utilize. The bots will automatically update their assigned wallet each time they make a profit or loss.

Virtual wallets can have varying amounts of BUSD. For example, if you have a safe bot, you can allocate a greater amount of BUSD and assign a smaller amount to a risky bot.

Virtual wallets are only used for live bots. You do not have to create any virtual wallets to run backtests.

Example

For example, your Binance account has 1000 BUSD, and you wish to run five bots with that amount of BUSD. You can create five virtual wallets with 200 BUSD each or varying amounts (200 BUSD, 100 BUSD, 300 BUSD, 150 BUSD, and 250 BUSD).

Creation