Official CScalpbot bot at Telegram is able to calculate the trader’s risks: how many lots to go into position and what the loss would be if the trade failed (in percentage). The entry price, the slippage, the fee for entering and quitting the trade takes into account when bot is calculating losses. The feature is completely free and is available to all traders.
The bot is maintained by CScalp trading terminal team. Download CScalp and join our community!
How to use the bot
Bot is designed in Telegram messenger. You can use bot via mobile phone as well as via PC telegram version.
To run the bot, you should click on the button.
Is there a need to calculate the risk
Risk management is an important part of any trader’s trading session. The trader will not succeed in trading without risk management. All you need is not only knowing the basis, but also it’s important to use risk management tools and be able to calculate risks. To make it more convenient, CScalp team created a bot which can calculate risks, in order to help traders with calculation and avoiding trading mistakes.
All you have to do is enter the entry price and the stop price. CScalpbot will do the rest.
How to calculate risk via CScalpbot
In order to calculate the risk via CScalpbot, you should go to Telegram and write to our bot. Press the “Reports” button.
The report generation menu will be shawn. Click on “Calculate Risks“.
The bot will ask you to enter the entry price and stop.
At the moment, CScalpbot is able to calculate risks only on Binance perpetual futures cryptocurrency exchanges. The CScalp team is working on expanding the bot’s functionality.
Let’s assume that we want to short. Enter the entry price of $49.5, the stop price of $50. CScalpbot calculates the loss based on the set drawdown parameters, the number of parts, the slippage and the fee.
Consider another situation. We want to long. We place the entry price for $50, stop at $49.5. CScalpbot calculates the risk.
How to change the risk calculation parameters
Drawdown, number of parts, slippage, and fee – all these values are set by the user. In order to change any of the parameters, go back to the main bot menu and go to the “Settings” button.
Next, select “Customize Risks“.
You will see a menu for selecting the drawdown, the number of parts, the fee and the slippage.
Risk management is the key to profitable trading. Calculate your risk before entering the trade with CScalpbot and monitor your gains and losses.
Join the CScalp Trading Community
Join our official trader's chat. Here you can communicate with other scalpers, find trading soulmates and discuss the market. We also have an exclusive chat for crypto traders!
Don't forget to subscribe to our official CScalp news channel, use trading signals and get to know our bot.
If you have any questions, just contact our platform's support via Telegram at @CScalp_support_bot. We will respond in a matter of seconds.
You can also visit our Discord channel and subscribe to the CScalp TV YouTube channel.
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