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Martingale bot
A Martingale bot buys, then buys again each time the price falls a set step, each add larger than the one before.
More
The average entry falls fast, so a small bounce reaches the take profit. It can also add in your favour instead (On gains).
When to use it
Rarely, with money you can lose, on markets you expect to bounce. It has the highest risk of all the types.
Settings
Every bot trades in your own Hyperliquid account. In the setup you pick the market, the amount and the leverage; Safe, Balanced and Aggressive fill in the rest from the coin's own volatility, and Customize settings opens every setting below. Rivemont's fee is from 0.1% per fill, lower with your 30-day volume, plus Hyperliquid's own trading fee.
- Side and First order
- Long or short, and the size of the first order.
- Add
- On dips: adds as the price goes against you (classic martingale). On gains: adds as it moves your way.
- Every
- How far the price moves (in %) before each add. Smaller steps add sooner and closer together.
- Size ×
- Each add is this many times the one before (up to 10). 2 doubles every add; the position grows very fast.
- Most adds
- Required (1 to 20): it never adds more times than this.
- Most it may hold
- Required: the most the whole ladder may hold in dollars; adds past it are cut.
- TP
- Required on dips: closes everything this far in your favour from the average entry.
- SL
- Required: closes everything this far against the average entry.
- Start again after an exit
- Starts a new round after each exit.
Example
ETH at $3,000, first order $50, every 2%, size ×2, 4 adds: $50 at $3,000, $100 at $2,940, $200 at $2,880, $400 at $2,820 and $800 at $2,760, $1,550 in all with an average near $2,810. A take profit of 1.2% sells everything around $2,843, still under the first price.
What can go wrong
Losses grow fast.
The last adds are the largest, so a fall past them loses far more than the first order.Always keep the stop loss.
Without one, a market that keeps falling ends in liquidation.