Guides/Start Your First Strategy
Beginner
5 min read

Start Your First Strategy

Choose a trading strategy, allocate capital, and launch automated trading on your connected exchange.

Before You Start

  • Exchange account connected — see guide
  • Trading preferences configured — see guide
  • Funds available in your Binance account (or testnet balance)

Available Strategies

NeoTrading Bot offers several battle-tested strategies. Here's what each one does:

RSI Mean Reversion

Uses the Relative Strength Index (RSI) to identify when an asset is oversold (cheap) or overbought (expensive). Buys when RSI drops below 30 and sells when it rises above 70.

Low FrequencyMean ReversionBest in: Ranging Markets

MA Crossover

Uses two moving averages (fast 9-period and slow 21-period) to detect trend changes. Buys on a golden cross (fast crosses above slow) and sells on a death cross (fast crosses below slow).

Medium FrequencyTrend FollowingBest in: Trending Markets

Bollinger Bands

Uses Bollinger Bands to identify price extremes based on standard deviation. Buys when price touches the lower band and sells when it reaches the upper band.

Medium FrequencyVolatilityBest in: Volatile Markets
Not sure which to pick? Start with RSI Mean Reversion — it's the most conservative and works well in sideways markets, which is the most common market condition.
1

Open the Trading Page

Navigate to the strategy management panel.

  1. Go to the Trading page
  2. On the right side, you'll see the Active Strategies panel
  3. Click the Start Strategy button
2

Choose a Strategy

Select which trading strategy the bot should use.

  1. In the dialog, click the Strategy dropdown
  2. Select one of the available strategies (e.g., RSI Mean Reversion)
3

Select Your Exchange Account

Choose which connected exchange the strategy should trade on.

  1. Click the Exchange Account dropdown
  2. Select your connected Binance account
If you have both Spot and Futures accounts connected, choose the one that matches the strategy's supported trade types.
4

Allocate Capital

Set how much money this strategy can use.

  1. Enter the dollar amount in the Allocated Amount field
  2. This is the maximum capital this specific strategy can use for trading
  3. Click Start Strategy
Start small. Allocate a small amount first (e.g., $100–$500) to see how the strategy performs before committing more capital. You can always add more later.
5

Monitor Your Strategy

Track performance and manage your running strategy.

Once started, your strategy will appear in the Active Strategies table. You can:

Pause — Temporarily stop trading. The strategy keeps its position but won't open new trades.
Resume — Continue trading after a pause.
Stop — Permanently stop the strategy. Open positions will be closed.

Check your Dashboard for a complete overview of your portfolio, P&L, and recent trades.

Congratulations! Your strategy is now running. The bot will analyze markets and execute trades automatically based on the strategy's signals and your risk preferences.