Automated tradingUpdated 3 min readBy the FXNOD team
What is Deriv Bot and how does it work?
Deriv Bot is Deriv's own automated trading tool. You build a strategy by placing visual blocks on a canvas, with no coding, or load a preset or an imported file, and the bot then places options trades on your Deriv account. Deriv notes that it runs in your browser and pauses if the browser is closed.
What Deriv says it does
| Feature | Detail |
|---|---|
| Building | Drag-and-drop blocks; Deriv says no coding is needed |
| Starting points | Build from scratch, import a bot, or use a quick strategy |
| Presets named by Deriv | Martingale, D'Alembert and Oscar's Grind |
| Risk tools | Stop loss, take profit and deal cancellation |
| Files | Strategies are saved and loaded as XML, from your computer or Google Drive |
| Testing | A free demo account |
| Where it runs | In your browser; it pauses if the browser is closed |
How a block strategy is organised
Trade parameters
The market, the trade type, the duration and the stake.
Purchase conditions
When to buy, and which side.
Sell conditions
Whether to sell a contract before it ends.
Restart conditions
What to do after each result: trade again, change the stake, or stop.
Strengths
- It is flexible: almost any rule can be expressed in blocks.
- It is Deriv's own tool, on Deriv's own site.
- A large community shares strategies for it.
Limits to know about
- It depends on your browser. A closed tab, a sleeping laptop or a dropped connection pauses the bot.
- Blocks take time to learn, and a misplaced block can change the stake logic without any error.
- The presets it names all change the stake after a result. Understand the ladder before running one.
- Shared strategy files are easy to run without reading.
Deriv Bot and Bot Forge
| Deriv Bot | Bot Forge | |
|---|---|---|
| Made by | Deriv | FXNOD, an independent product |
| How you build | Visual blocks | Answering questions in plain language |
| Where it runs | Your browser | FXNOD's servers |
| If you close the page | The bot pauses | The bot and its limits keep running |
| Strategy files | XML import and export | Saved to your FXNOD account; no XML files |
| Stop loss | Available as a tool | Required to start |
Both place trades on your own Deriv account through Deriv. The names are similar and the products are separate.
Questions people ask
- Is Deriv Bot free?
- Deriv's page lists no charge for using it and says you can test on a free demo account. Real trades risk your stake.
- Does Deriv Bot work when my computer is off?
- No. Deriv says it runs in your browser and pauses if the browser is closed.
- Do I need to code to use Deriv Bot?
- No. Deriv describes it as building with visual blocks, with no coding needed.
- Is Bot Forge the same as Deriv Bot?
- No. Bot Forge is a separate bot builder made by FXNOD that trades on your Deriv account.
Run a bot that keeps its limits
FXNOD's bots run on its servers and will not start without a stop loss, so your limits hold when your device is off. Build one in Bot Forge or start a ready-made one in Auto Hub, on your Deriv demo account first.
Get started