Tutorials

Getting started on Zignaly

Getting started

Now that you can use ITF signals on the Zignaly platform, we’ve written a step-by-step guide to get you started.

The instructions below explain the entire process.

Quickstart guide

Step 1: Creating your Binance API keys

  • Open your Binance account and go to API Settings.
  • Set a name for your keys, and click on ‘Create New Key’.
  • You will receive an email for confirmation. Open it and confirm.
  • When confirmed, you will see the new API key.

Important: You do not need to give withdrawal permission. For security purposes, you are encouraged to not check the box ‘Enable Withdrawals’.

Below is an example of the API keys created on Binance.

  • Remember: keep your keys in a safe place. When you leave the Binance website, your secret key will not be shown again.

For additional reference, see the official guide to API key creation on Binance.

Step 2: Selecting your open/close settings

Now to adjust your initial settings to make Zignaly operational.

  • API Key and Secret: Paste your ‘Binance API Key’ and your ‘Secret API key’ into the blank fields.

  • Base currency: Select Bitcoin (BTC). This is the only base currency currently supported.

  • Position size: This is the amount you will invest in each position. It is recommended that you use a minimum of 0.0015 BTC. This is due to the 0.001 BTC minimum from Binance but assuming some loss, meaning that you can still sell even with a small loss.

  • Buy price deviation (optional): Set your percentage value and if the price increases above this amount from the time of you placing your order, your buy order will be canceled. This is your limit price in buying orders. (Ex: 1%)
  • Buy order expiration (optional): Set your percentage value in minutes. If your buy order is not executed by your set time, the buying order will be canceled. (Ex: 2 minutes)
  • Stop-loss: This is a negative percentage value. If the price drops from your buying price to your set %, we’ll close (sell) the position. In other words, this is how much you are willing to risk, and it is highly suggested that you use this feature. (Ex: -5%)
  • Trailing stop (distance): When the trailing stop trigger has been reached, a stop-loss order at a distance of this % will follow the higher price. Each time a new higher prices is reached, your stop-loss order will be updated on the exchange. (E.g. -2%)
  • Trailing stop trigger: Your trailing stop will not be activated until the higher price reaches this % over the buying price. (E.g. 6%)

  • DCA-rebuys Targets: When set, these are your goals for enlarging your position size if the price falls. You can add as many targets as you want, but make sure your balance will be able to support your targets. Each target has two parameters: ‘Target’, displayed in percentage, is the % above the average buying price at which you will buy again; and ‘Quantity’, also in percentage, is the % from your current position size that you will add with this new buy.

Step 3: Opening your first position

You can choose to open positions either manually or automatically.

  • Manual: To open a position manually, you need to go to 'Dashboard' and there you will see ‘Open Position Manual’. Click and follow the instructions. Inside this view, you will have all of the options that you have in ‘Settings’, but these options will only be applied to your current position.

  • Automatic: To open a position automatically, you need to enable a signal provider from ‘Signals View’. This is where you can choose the Intelligent Trading Signals, or choose from one of Zignaly’s listed signal providers.

Setting ITF as your external signal provider

To integrate ITF Signals with Zignaly, follow these steps:

  • Select ‘Signals’ on your homepage.
  • From there, select 'Providers'.

  • Scroll through to find Intelligent Trading Foundation in the listed providers and select ‘Connect’.

  • In ‘Options’, select ‘Update’ to connect Zignaly with ITF.

  • For the final step, go to ‘Settings’ to adjust your strategies.

  • When finished, make sure to select ‘Save changes’ to keep your adjustments.

Important: Your settings should be in line with your personal goals and expectations, your strategies, and your level of risk-tolerance. Make sure to familiarize yourself with different strategies and experiment with the settings to find out what works best for you personally.

Crypto is a high-risk asset class, so it can’t be stressed enough that you should only risk what you can afford to lose.

For more information

For further reference on getting started and a more in-depth look at everything provided by Zignaly, see the official Zignaly guide.

Also consider joining the Zignaly Crypto Trading Bot Discord Group to participate with ITF and other trading enthusiasts in the discussion, and to learn more about how to best utilize the platform.