BOT OPTIMIZED VALUE OPERATIONS
FAQ – Frequently Asked Questions about BOVOBOT
Here you’ll find key answers about setup, security, how it works, risk management, and operating BOVOBOT.
Getting Started
What is BOVOBOT in one sentence?
BOVOBOT is a 24/7 trading assistant for Bybit futures that automatically opens, manages,
and closes positions based on technical indicators (e.g., EMA, RSI, MACD, Bollinger Bands)
and fixed rules — without access to your funds (trade-only permissions).
Quick start in three steps
- Download and launch, then select the exchange (Bybit) in Settings.
- In the Bybit Exchange API tab, enter key & secret, accept the disclaimer, click Validate → Save.
- Define trading parameters in Trading Settings (DCA, SL/TP, whitelist, leverage boost) and enable.
API & Security
Which API permissions does the bot require?
For Unified Trading / Contracts, you need Orders and
Positions permissions (Read-Write). Withdrawals are not required (and should remain disabled).
Can I mix real and testnet keys?
No. You need separate API keys for real and testnet. Also set the Bybit margin mode to Isolated.
For testing, Demo Trading (testnet) is ideal.
Does BOVOBOT store my API keys?
Keys are used locally in your installation. The bot uses trade-only permissions;
it does not access wallet/withdrawal functions.
Trading Logic
Which indicators & signals does BOVOBOT use?
By default: EMA, RSI, MACD, and Bollinger Bands. Based on candle data, entry/exit signals
are generated per timeframe and executed accordingly.
How do DCA and position sizing work?
Additional purchases are triggered by a DCA distance in % from PnL. Position size derives from the
order amount multiplier and Max Quote per Coin, keeping the per-coin risk budget capped.
How does take-profit with trailing work?
From the defined TP Activation %, a trailing mechanism starts. The trail follows price with a
specified Retracement %, helping secure gains on pullbacks.
What is leverage boost?
Once a position is in profit (≥ Boost Start %), additional leverage can be added.
Freed-up capital is selectively used for further scaling during the profitable phase.
Risk Management
How does the bot protect against liquidations?
With Liquidation Price Protection %, a safety buy/close is triggered above the liq price.
Together with Stop-Loss % and per-coin limits, this helps constrain downside risk.
Why use a whitelist?
Only approved, liquid assets are traded. This reduces execution and slippage risks on illiquid coins.
Operations & Setup
Does the bot run 24/7? Do I need a server?
Yes, the bot is designed for continuous operation. We recommend a stable internet connection
and a system that stays online (e.g., VPS/server). Logs help with monitoring and recovery.
What system resources are required?
It depends on markets/timeframes. More concurrent coins, shorter intervals, and backtesting require more CPU/RAM.
Start with a few markets and scale gradually.
Troubleshooting
Validate fails — what should I check?
Is the API key/secret correct? Real vs. testnet mixed up? Are Orders & Positions permissions enabled?
Did you accept the disclaimer and save? Then restart the bot.
No orders are being placed
Is the coin on your whitelist? Are DCA/TP/SL thresholds reachable? Sufficient margin and appropriate leverage?
Check logs and strategy signals in the UI.