Check the account before the strategy
A trading bot operates within the limits of the account you connect. Low free margin, incorrect permissions or existing exposure can prevent orders or create risks that a profitable-trade count does not reveal.
API access and product availability
Use your own OKX account and review the API setup guide. Check permissions, account configuration and whether the products are available where you live. The platform uses a Withdraw permission for its internal commission-transfer flow; understand that permission before granting it.
Keep the API key, secret and passphrase private. If you suspect compromise, revoke the key at the exchange rather than relying on simply closing a browser tab.
Free margin versus account equity
Equity can include unrealized gains or losses. Available balance is the amount the exchange currently permits you to use. A large equity figure does not mean that the same amount is available for another order or a fee transfer.
Look at long and short XRP exposure separately. Opposing positions do not necessarily eliminate fees, funding, margin usage or liquidation risk.
Know the exit rules
Ordinary automatic take-profit exits target $0.15 net profit after exchange fees. The bot does not automatically close losing positions merely to free margin or rebalance. Explicitly configured stops or time exits and user-requested manual closes are separate cases.
This does not make losing positions safe. A position may remain open, available funds may run out and leveraged exposure can still be liquidated by the exchange. Review settings and exchange risk indicators before starting.
Review actual results, not just the journal
- Verify fills and charges on OKX.
- Read unrealized exposure alongside realized closes.
- Check when an account reading was last refreshed.
- Investigate missing data instead of treating an unavailable value as zero.
- Understand accrued platform fees separately from confirmed transfers.
Your next step
Read the API setup instructions and fee explanation before connecting. Opening an application account does not itself start trading. Live automated trading can lose money, and you should not fund it with money you cannot afford to lose.
1 explains the inherent risks of trading bots and the importance of correctly configured parameters. Product access varies by jurisdiction.