Bots are developed to compare present market data with years of trading experience and research in order to foresee market conditions. They sensibly look and monitor and wait for the right opportunities. Therefore you may not see any trading activity for hours or even days – in fact it would be quite normal to potentially not see any trading activity for a few days and this is nothing to worry about. You may rest assured that the bots are not taking risks when it's not needed.

Bots trade faster than any human – but nevertheless depend on physics. A bot always makes the right decision - because a bot is driven by algorithms that lead to a specific decision. So theoretically, a bot would achieve the same results if operated on two different accounts. In fact, the results differ, because although a bot makes the same decision, the execution can differ by milliseconds, which leads to slightly different fills - as in the price of the entry / exits. This is especially true when more than one bot is trading on the same account.

Due to technical circumstances it is against our terms and conditions to use one account for bot and manual trading simultaneously. The first detected infraction of this rule will result in your bots being suspended for 7 days and open orders will be closed, open positions will be sold. So if you want to trade manually, we suggest to setup a separate account on BitMex if you want to personally trade in a portfolio without the API keys setup.

There will be four bots from the start and new bots will constantly being developed. Bots on offer may also be removed and replaced by others from time to time in order to provide users with the best results. As soon as new bots are made available, users can begin using them.

The publication of new bots does not follow a fixed rhythm, but adapts to market conditions.

Each bot pursues a different strategy and trades with different trading pairs. The basic strategy and the selection of trading pairs for a bot is published in the relevant factsheets.

Manual trading on the account used by the bots may interfere with or invalidate the trades made by the bots. As such, users agree not to make manual trades when accepting the bot's Terms & Conditions.

Since each bot implements a different trading strategy and reacts to dynamic changes in the market, trading time frames can vary greatly from trade-to-trade, bot-to-bot. Our historical data shows an average of 11 days in the past. Since this is only an average, some trades will be much shorter and others will be much longer.

Since a bot only trades on the user's Exchange account, the trading history can be viewed by the user at any time. The user can also observe all open trades and therefore has full transparency about what is happening with his capital.

When setting up, the selection and number of bots to be used, as well the amount of respective capital is determined entirely by the user. The system is designed to give users complete flexibility in how they decide to make the bots work for them.

By default, if the user switches off the bot, all open trades remain open until the trade is completed. However, there is also a manual emergency shutdown option, which can close all open trades immediately.

The API connection is only opened when a trade is executed and a temporary disruption or separation has no efffect on the functioning of the bots. The API connection is re-established for each trade.

The user can only select the selection and number of bots as well as the amount of the respective capital. There is also an emergency switch with which the user can end an open trade immediately. There are no other setting options. The strategy and the trading pairs are automatically specified by the respective bot.

BTC is all that is needed. Based on their individual strategies, the bots do trade in multiple cryptocurrencies to diversify and achieve the best results. However, BTC serves as collateral.

Although the bots do trade in cryptocurrencies other than BTC to diversify and achieve the best results, the user can only set up a bot using the BTC balance on his/her exchange account. Trading profits made by the bots are also sent to the users' BTC account.

The bots trade on futures markets, where funds (i.e., other cryptocurrencies) are borrowed and traded using BTC as collateral, but without leverage.

Performance fees are billed monthly.

No change - once we know the exact charging mechanism, we may want to revisit the answer for this one and give more details.

The performance fee is calculated on the return in BTC, hence the user is only charged when the bots increase BTC holdings. Subsequent price fluctuations of the trading pairs therefore have no effect on the calculation of the fee. The customer bears the exchange rate risk from BTC to fiat currencies.

Different requirements apply to the taxation of profits worldwide. We recommend contacting a country-specific tax advisor.