Documentation

Momentum Bot

The Momentum Bot is our flagship strategy designed to capitalize on short-term price movements in highly volatile cryptocurrencies.

How It Works:

• Scans 1,000+ cryptocurrencies every hour for strong upward momentum
• Identifies assets with highest 24h price gains and strong trading volume
• Automatically enters positions in top performers
• Holds positions while momentum continues
• Exits when momentum weakens or stop-loss triggers (15% drawdown)
• Converts to USDC during broad market downturns

Best For:

Active traders seeking high returns who can tolerate moderate volatility

Risk Level:

Medium-High (maximum 15% drawdown with stop-loss protection)

DCA (Dollar Cost Averaging) Bot

Automates regular purchases of cryptocurrencies at predetermined intervals to reduce timing risk.

How It Works:

• Buys fixed amounts at regular intervals (daily, weekly, or monthly)
• Can target specific cryptocurrencies (BTC, ETH, etc.)
• Averages entry price over time to smooth volatility
• Optional: only buys when price is below moving average

Best For:

Long-term investors building positions gradually

Risk Level:

Low-Medium (reduced timing risk through regular purchases)

Grid Bot

Places multiple buy and sell orders at predetermined price levels to profit from market volatility.

How It Works:

• Creates a grid of buy orders below current price
• Creates a grid of sell orders above current price
• Profits from each price oscillation within the range
• Automatically adjusts grid as market moves

Best For:

Range-bound markets with predictable volatility

Risk Level:

Medium (requires range to stay within grid bounds)

Infinity Bot

Advanced strategy with dynamic trailing stops and sophisticated risk management.

How It Works:

• Enters positions based on momentum indicators
• Uses trailing stop-loss that adjusts as price rises
• Takes partial profits at predetermined levels
• Maximizes upside while protecting downside
• Most sophisticated risk management of all strategies

Best For:

Experienced traders seeking maximum profit potential with dynamic protection

Risk Level:

Medium (advanced risk management features)

Step 1: Create API Key on Exchange

• Log into your exchange account
• Navigate to API Management or Settings
• Create a new API key
• Enable ONLY "Read" and "Trade" permissions
• ⚠️ NEVER enable "Withdraw" permissions

Step 2: Add to CoinPicker

• Go to Settings > Exchange Connections in CoinPicker
• Select your exchange
• Enter API Key and API Secret
• Click "Test Connection" to verify
• Save configuration

Funding Your Bot

• Connect your Web3 wallet to CoinPicker
• Navigate to Funding in your dashboard
• Send USDC to your bot's Base wallet address
• Funds typically arrive within 1-2 minutes

Withdrawing Profits

• Click "Withdraw" in your dashboard
• Enter amount in USDC
• Confirm transaction in your wallet
• Funds sent to your connected wallet address

Investment Amount

Total capital to allocate to the bot. Can be adjusted at any time.

Recommended minimum: $100 (optimal: $500+)

Stop-Loss Percentage

Maximum loss before exiting position. Default is 15%.

Range: 5% - 25% (conservative to aggressive)

Take-Profit Percentage

Target gain to lock in profits. Optional parameter.

Typical range: 20% - 100%

Maximum Drawdown

Maximum total portfolio loss before bot pauses. Default is 15%.

Protects against consecutive losing trades

Trading Pairs

Specific cryptocurrencies to trade or "All" for momentum-based selection.

Momentum bot typically uses "All" for best opportunities