How to with Arthur: Bots to test
Let’s take a look at the testing of the bots in the BOTS app. What is the Bots Test category, and why do we have another testing phase? Let’s dive right in!
The BOTS Test category
If you open the app, you’ll see the BOTS Test category. In this category, you’ll see all the different bots that are going through the testing phase. As you might notice, each bot in the testing phase has a blue dummy icon. This dummy is automatically assigned to these bots, so the BOTS app users can see that they are still in their testing phase.
During this period, your bot will get a maximum market cap of 5K. This way, you can get some experience with live trading without taking a prominent position in the market just yet. And guess what? We do this for a reason.
Why is there another testing phase?
Because even though we’ve finished the backtesting and paper trading phase, there’s still a huge difference between paper trading and live trading. This testing phase is ideal to discover whether your bot can live up to its full potential in a live trading environment. We know that these tests might seem to take ages for you, but they’re essential. In the end, it is the BOTS app users funds that you’ll be trading with.
How long does the testing phase take?
Now, we’d love to give you a clear answer and tell you exactly how long this testing phase will take, but unfortunately, it’s not that simple. Some bots might provide the data we need to confirm their performance within two weeks. Other bots might need a few weeks or even a few months to show their live trading performance.
It all depends on a few factors: one of them being the trading frequency. If your bot trades twenty times a month, we’ll have collected the needed data in no time. But if your bot trades once or twice a month, it’ll take us a bit longer to collect all the information we need. Besides, we need to make sure that your bot stays stable over a more extended period before we’re ready to release him (or her) into the wild.
How to set up for the testing phase
All you need to do is stay in touch with the Bot Creator Team. After you’ve finished the backtesting and quarantine period, they’ll need to check the results. Once all of these are analysed, they’ll schedule a date for your official launch!
When that moment is finally there, you get to switch your URL from paper to production. Awesome! Can’t find your URL? You can retrieve it in the documentation of our BEM API, which you can find on docs.revenyou.io. Copy it into your bot, and you’re good to go!
Join the BOTS community
Now, do you have any questions about the bots in the BOTS app? Please reach out to our support team. You can contact them right here. Or, if you’d like a quick fix, you can check the FAQ on our website, our YouTube channel or join other BOTS users at the BOTS Discord channel!
Are you an ambitious bot creator, and would you like to know how to get things started? Check our bot creator page!
BOTS is a tech company that has developed an app that makes it possible for anyone to start investing. You only need €50 to get started. BOTS uses automated trading strategies based on algorithms. We call these algorithms bots. These bots are tiny superheroes: they make automated investing accessible to everyone. With their help, you can invest in cryptocurrency within minutes — without any knowledge! And we’ll do you one better… In 2021, you’ll also be able to invest in stocks and other currencies through the BOTS app.
The app is free to download and quick and easy to install. BOTS currently operates in more than 15 countries, and by the end of the year, BOTS wants to be active in at least 60 countries and four continents.
Need any help with anything?
Even though automated investing is incredibly easy, you might need some time to find your way around the app and discover all the options. So if you still have questions wandering around your mind, or you just can’t seem to figure it out, please do not hesitate to contact the BOTS support department.
Don’t feel like calling our support team? Just head to the BOTS YouTube channel and browse through the dozens of instructional videos that may help you further. You are also royally invited to the BOTS Discord channel.
Ready to get started?
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.