Set Bot Condition

MagicTradeBot's Management App introduces a powerful feature called "Set Bot Condition", which allows traders to define custom trigger rules at both the template and symbol level. When enabled, this feature ensures that the bot only initiates scanning or trading when specific predefined conditions are met, greatly increasing control, accuracy, and trading efficiency.

By default, this feature is disabled, allowing the bot to scan and trade freely. However, when activated, it functions as a smart gatekeeper, applying precise rule-checking before any trading activity begins.

Two Core Rule Types

Rule 1: Price Match Condition

Description: The bot begins scanning a symbol only when the current market price of the selected symbol either matches, exceeds, or drops below the price threshold set in the rule.
Use Case: Useful for scenarios where you want the bot to act only if a coin hits a key resistance/support level or breaks out of a range.
Example: “Start scanning BTC only if its price goes down $101,000.

Rule 2: Time-Based Condition

Description: The bot checks the current system time and timezone. If it matches or surpasses the specified time (along with timezone), scanning or trading is allowed.
Use Case: Ideal for newly listed coins, time-sensitive trading opportunities, or to delay bot activity until a specific time (like the start of a market session).
Example: “Start scanning/trading XYZ(Newly Listed Coin) at 10:00 AM UTC on June 10, 2025.”

Benefits of Using Set Bot Condition

1. Precision Entry

Ensures trades are initiated only when favorable conditions are met, avoiding premature scanning or trading.

2. Risk Control

Prevents unnecessary bot activity in volatile or uncertain market conditions by applying strict triggers.

3. Speed Advantage for New Listings

Perfect for catching early momentum in newly listed coins. The bot can be scheduled to trigger instantly upon listing time, giving you a critical timing edge.

4. Strategic Automation

Allows traders to design more intelligent and strategic workflows, aligning bot behavior with market trends and personal trading strategies.

5. Symbol-Specific Customization

Tailor conditions per symbol, so different assets follow different activation rules—giving you micro-level control over your trading operations.

6. Template-Level Flexibility

Reuse rule sets across multiple symbols via templates, saving time and ensuring consistency across your strategies.

Real-World Scenarios

Scenario A: Wait for a breakout — “Only start scanning ETH if it breaks above $4,000.”
Scenario B: Pre-launch timing — “Start bot at the exact time a token is listed on an exchange.”
Scenario C: Delayed activation — “Begin trading DOGE 2 hours after a big announcement.”

Summary

Set Bot Condition" is a vital feature for any serious trader looking to enhance automation without sacrificing control. By combining price-triggered and time-based conditions, MagicTradeBot empowers users with the flexibility and intelligence needed to respond to dynamic market movements while minimizing risk and optimizing trade timing.