Deriv DTrader, DMT5, DBot Trading Manual - How to place an order?
How to trade on Deriv's DTrader, DMT5, and DBot platforms?
1. Set up your trade
Choose the market, contract typ, stake, duration, and barrier.
Trade parameters
Here is where you define the parameters of your contract.
This block is mandatory.
It’s added to your strategy by default when you create a new strategy.
You can not add more than one copy of this block to the canvas.
- Market
Select your desired market and asset type. For example, Forex > Major pairs > AUD/JPY - Trade Type
Select your desired trade type. For example, Up/Down > Rise/Fall - Contract Type
Choose what type of contract you want to trade. For example, for the Rise/Fall trade type you can choose on of three options: Rise, Fall, or Both. The selected options will determine available options for the Purchase block. - Default Candle Interval
Sets the default time interval for blocks that read the list of candles. - Restart buy/sell on error
Restarts the bot when an error is encountered. - Restart last trade on error
Repeats the previous trade when an error is encountered. - Run Once at Start
Place blocks here to perform tasks once when your bot starts running. - Trade Options
The desired duration, stake, prediction, and/or barrier(s) for the contract is defined here.
Trade options
Define your trade options such as duration and stake. Some options are only applicable for certain trade types.
This block is used to define trade options within the Trade parameters root block.
Some options are only applicable to certain trade types. Parameters such as duration and stake are common among most trade types.
Prediction is used for trade types such as Digits, while barrier offsets are for trade types that involve barriers such as Touch/No Touch, Ends In/Out, etc.
2. Purchase Contract
Define your purchase conditions.
Purchase conditions
This block is mandatory. Only one copy of this block is allowed.
You can place the Purchase block (see below) here as well as conditional blocks to define your purchase conditions.
It is added to the canvas by default when you open DBot.
After defining trade parameters and trade options, you may want to instruct your bot to purchase contracts when specific conditions are met.
To do that you can use conditional blocks and indicators blocks to help your bot to make decisions.
Purchase
Use this block to purchase the specific contract you want.
You may add multiple Purchase blocks together with conditional blocks to define your purchase conditions.
This block can only be used within the Purchase conditions block.
3. Sell Contract (Optional)
Sell your contract at the market price.
Sell conditions
Here is where you can decide to sell your contract before it expires.
Only one copy of this block is allowed.
Sell at market price
Use this block to sell your contract at the market price.
Use this block to sell your contract at the market price.
Selling your contract is optional. You may choose to sell if the market trend is unfavourable.
4. Trade Again
Check your trade results and trade again.
Restart trading conditions
Here is where you can decide if your bot should continue trading.
Trade again
This block will transfer the control back to the Purchase conditions block, enabling you to purchase another contract without manually stopping and restarting your bot.
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