In order to create your first bot, you will need to create an account on an exchange that works with Scavenger Bot. In some cases you will need to create 2 separate account
s on an exchange if you plan on trading with multiple bots or additional coin pairs. For example, if you want to have a Long Bot and a Short Bot on the BitMex exchange, you will need to register a Long bot account and a Short bot account. We recommend using Gmail aliases for this so you don’t have to use multiple email addresses.
If your email address is [email protected], you could register the Long bot account as [email protected] By adding the + symbol before the @ symbol followed by an alias name, it will automatically create a gmail alias for that account. All emails you receive from this gmail email alias will still go directly to your inbox as expected
In this section we will walk you through linking your Scavenger Account to your Exchange via API. We use API’s to connect your bot to our software so we can perform the following actions:
- Read open orders
- View prices on the exchange
- View your wallet balance & history
- Place & Cancel orders
By using the API, we will never require your login information or have any wallet rights to your account. You should NEVER enable withdrawals on your API KEYS.
Trading is RISKY, please make sure you understand all the risks of the exchanges you are using before using our software.
After logging into your account, click the dropdown menu in the top right "username > Account & Security'', and then click the “API Management” tab. Next click the “Create New Key” button at the top right.
Select “Binding to Third-Party Application” and from the Application Name dropdown menu select “Scavengerbot”. In the Key Permission dropdown menu, select “Active Order and Positions” and then enter your 2FA from your Google Authenticator app. Click “Confirm” to get your keys and you’re all set! You’ll need to perform this task for every new bot you create for this Bybit account.
After your account is created, you will need to navigate to the Account > API Keys page and fill in the information for your API Keys. Make sure you name the API Key something associated with the bot you’re creating and set the Key Permission dropdown to Order.