How it works

Three steps to a running bot, and the limits that stop it before a bad day becomes a bad month.

Getting started

• Create your account — sign up or log in securely with Deriv in a single step.
• Link your trading account — authorise access at Deriv. We never see your Deriv password, and the access you grant lets the bot read your account and place trades, nothing more. Revoke it at Deriv whenever you like.
• Start trading — choose your market and set your own daily loss limit, trade cap and position size. The bot stops itself when it reaches them.

What stops it losing your account

• A stop on every position — each trade carries its stop loss and take profit from the moment it opens. The bot never sits in a losing position hoping it comes back.
• Daily limits that stop it — a daily loss cap, a maximum number of trades and a losing-streak limit. Hit one and the bot stops for the day rather than trying to win it back.
• It pauses after a bad run — several losses in a short window and it sits out for a while, then resumes by itself.
• You can see everything — live balance, open positions, the equity curve and every trade with the reason it was taken.

How it decides to trade

The entry rules differ by market. What happens once a setup appears is the same everywhere, and it is the part that decides how much a bad run costs you.

• It waits for a setup, not a schedule — the bot reads closed candles and acts only when the conditions it was given are all present at once. Most bars produce nothing.
• The stop is sized by the market — stop distance comes from the instrument's recent range rather than a round number of pips, so the same setting is not too tight on gold and too loose on EUR/USD.
• Position size follows from the stop — you set the fraction of the account you are willing to lose on one trade, and the stop distance decides the size, not the other way round.
• Only settings that survived testing — fitted on the earlier history, judged on the later part it never saw, required to still work one setting either side, and to beat the same trades entered on coin flips.

What it will not do

Automation is worth having for what it refuses to do under pressure, not only for what it does while you are asleep.

• It will not add to a losing position. No averaging down, no doubling up to get back to even.
• It will not move a stop further away. The loss it accepted when it opened the trade is the loss it takes.
• It will not trade a market that is closed. Forex and metals stop at the weekend; a bot sitting idle on a Saturday is behaving correctly.
• It will not keep trading after your daily loss cap. The session ends.
• It will not promise you a win rate. A strategy that wins four trades in ten and loses small can make money; one that wins eight in ten and loses big cannot.

Contact: info@pipsky.com