Apache Scalp registration FAQ

What is Apache Scalp and what is it for?

Apache Scalp is a trading bot for Binance Futures. It is designed, maintained and developed by an experienced team with over 7 years of experience developing trading bots and trading and investing in cryptocurrencies.

What is the algorithm used by the bot?

The bot operates on your Binance Futures account using a "catching knives" algorithm, which involves entering positions during significant market movements. It engages in both short and long trades. The entry point is determined based on the percentage deviation from the moving average. Two orders, each equivalent to 50% of the deposit, are placed. The second order is meant to average the entry point if the price does not move in the desired direction. Once a position is opened, the bot sets a closing order at approximately 30-50% of the movement. If the position is not closed by the order, the bot attempts to close it within 3-20 minutes with a profit. In the event of failure, the position is closed with a loss.

Do all subscribers receive the same trades?

No, the entry and exit settings for positions are individualized for each user. Additionally, you have the ability to access and modify your personal settings in the bot by utilizing the /set command.

How frequently do trades occur? What level of profit can I expect?

Trades typically occur approximately once every 2-3 days. We anticipate achieving an average monthly profit of 10-20% on your deposit without the use of leverage.

Where can I view the trading statistics of the bot and check the trades it makes?

We provide online statistics for all our trades on the Trader Make Money website. We recommend checking the bot's statistics before registering.

What is the fee for using the bot and how do I make the payment?

The fee for using the bot is 40% of the profit you generate through its trading activities. Once your profit reaches $50, the bot will prompt you to pay the fee. Payment is made in cryptocurrency by simply transferring the fee amount to our wallet. We accept USDT, BUSD, BTC, ETH, and various other cryptocurrencies as payment options.

Can I utilize Binance subaccounts and affiliate accounts?

Yes, you can use Binance subaccounts and affiliate accounts. If you have the ability to create new API keys and grant trading access to Futures, you can integrate them with the bot. If you already have a Binance registration, then you can use any Binance Broker such as Tiger Trade or Finandy.

What needs to be done before adding API keys to the bot?

1. Register on Binance, activate trading on Binance Futures in your account, if not already done. Follow the link https://binance.com/en/futures and take a simple test.
2. Fund your Binance account via P2P trading or crypto transfer to your Binance wallet. And, if necessary, convert them to USDT.
3. Transfer to Binance Futures the amount of USDT that the bot will trade. The minimum required for trading is 200 USDT.

I encountered an error (-2015) when adding API keys: "Invalid API-key, IP, or permissions for action."

If you receive this error from Binance when adding API keys, there could be several potential reasons:

• The IP address of the trade server has not been added to the list of authorized IPs.
• There might be an error in the entry of the API key or secret (possibly a typo).
• Trading access for Futures might not be enabled.

What is the IP address of the trading server? (I want to restrict access to my API keys)

You can view the IP address of the trading server within the bot by using the command /add.

Is it possible to trade simultaneously with the bot?

Currently, this feature is not available. The bot actively manages your trades (adjusts leverage, closes open positions, etc.). Therefore, it is important to remember to pause the bot if you intend to engage in manual trading on your own.

Are there any limitations on the deposit amount?

Currently, there are only restrictions on the minimum deposit size, which must exceed $200 USDT on Binance Futures.

Can I use a specific stablecoin for trading?

Yes, you can use a single stablecoin for trading. The bot will trade with the stablecoin that has a balance exceeding $30.

What commands are available in the bot?

To begin with, you need to be familiar with two commands: /add and /apis. Once you have added your API keys and initiated trading, additional commands will become accessible.

If you still have questions, search history for answers in our support chat or contact support team.