In general, Deribit limits the number of orders to 30, so you can make 13 PAIRS of orders (meaning 13 long + 13 short orders), +2 StopLosses (Long StopLoss + Short StopLoss) and +2 TakeProfits at maximum.
Stoploss timer is triggered once SL is hit. Then bot sits idle until Timer expires (it is set in Stoploss Timer settings), and resumes trading again. It is useful if you need to wait out flashcrash pump or dump.
Deribit was picked over BitMEX for the bot due to the following: Speed of order execution is much faster in Deribit; also it’s possible to host servers in the same OVH datacenter than exchange is hosted to further reduce lag (our ping is less than 1msec to the exchange); at the same time fee structure and maximum leverage used in the exchange is the same, but Deribit orders execution so far showed less slippage.
Deribit does not require KYC as of 2019. For the next year situation might change, due to anti-money-laundering policy being introduced in the Netherlands. In any case, users will be given official note on upcoming KYC well before it will be implemented.
The bot assumes you have enough balance to put all the orders in place. In case there would be not enough balance, StopLoss will be placed as a sum of opened positions. If you need to deposit or withdraw funds during bot trading it’s advised to stop the bot, make deposit\withdrawal and re-build order grid again, according to your new balance.
So far Deribit is proved to have very little slippage, even on big moves. It was one of the reasons to choose this exchange over many other ones. Recorder slippage was only $5-$10 on big dumps in our history.
If you need to stop Deribot completely you should use “Hard Stop” button in “Robot Control” section of your personal account page. Bot will cancel all outstanding orders, close ANY opened positions at MARKET price, and stop placing additional orders.
There is no preset number of trades. Bot does it according to his vision, configured by settings. The smaller the step - the more trades bot will typically perform. Check “Scalper” settings in the chat\stream if you like your bot to perform more trades.
This will mess with Cryper Bot logic, and change its position\order size. Please do not do that. Also keep in mind that Hard Stop will cancel ALL orders and positions, including manual ones. Please make separate subaccount for the bot.