4. SceetoBots Cheat Sheet - Which Bot to Use When

Use the matrix below as a cheat sheet to know which SceetoBots to deploy under what market conditions.

It is generally a good practice to enable on or more SceetoBots using the '1 & Done' setting.

This '1 & Done' setting will allow a SceetoBot to stay on until 1 trade entry occurs - at which point it will disable itself and not take another trade, or is disabled by the trader.

If the trader enables more than one SceetoBots in a particular market for a particular bar size, and one of the SceetoBots triggers an entry order which then gets filled, it is a Best Practice for the trader to then disable the remaining SceetoBots that are enabled for this market and this bar size.

Note - As a safety measure, if a trader does not enable 'Take multiple signals in the same direction' on a SceetoBot's Designer Panel configuration, any other enabled bots on the same chart will not engage. However, they will engage once the existing position is flat.

Legend:

1 = Preferred SceetoBot

2 = Very good bot when conditions are ideal

3 = Risky

x = Don't bother trading 

If you are using a template that you downloaded from sceeto.com, this matrix will allow you reference the type of SceetoBot in the template: