What are Budget groups?

Budget groups are automated default setup for your trades.
It means that you can reserve a budget for your trading strategies, or trading bots, or signal groups that you follow.

Let's look at a couple of examples to make it more clear for you.

1. If you want to rent a trading bot you need a budget group, otherwise, the system will not understand how much budget you want to place on the bots trade.

So Aicoinpal made it easy for users by implementing budget groups. When you create a new budget group you are asked to provide the group's capital. Which means how much of your budget you want to reserve for your trading bots. So let's say you have 1000$ in balance and want to reserve only 500$ for a trading bot then you need to fill in that group cap is 500$.

Fill it in next to Max capital per group: 500$

Second, you need to fill in how much ($) per trade you want to place. (For example 50$)

Fill it next to Maximum USD per deal : 50

Next is Capital increase %, which means that when a bot makes a positive trade and earns 2% you can set that 50% of this profit will go to increase group capital, and the other 50% will be left aside. If you input 100% means that all profit will be given to increase group capital. This is a way of exponentially increasing your capital.

Fill it next to Capital increase %: 50

However, the following default settings for trading bots are not required, because a trading bot will automatically fill stop loss, trailing SL, and depending on the market conditions bots do it automatically so you don't need to worry about targets, and trailing SL.

The final thing is - API key and live mode. So this is the most important thing when you have set up an API key, you need to choose on which API key the budget group and the bot will work on. And if you check live mode the bot will do live trades with real money involved, if you leave it unchecked the bot will do simulation trades just like live trading.

2. if you want to set up a budget group for your own trades.

Basically, it is all the same as described above, only that when you plan to place trades your self then default settings as fixed stop loss, as trailing stop loss or fixed targets must be filled in. This will help you to automatically fill in default settings in the create a trade box. You can leave all blank if you like and no automated fillings will be made.

Many traders have many trade strategies, on which they would plan different budgets and trailing sl and stop loses, so this comes in handy when doing parallel strategies.