# Using Market-Making Bot old

### Step 1 — Choose a Market

Select a Market

Choose the exchange and trading pair where the bot will operate.

<figure><img src="/files/AoaLZsZodAXaWHooPb8o" alt="" width="354"><figcaption></figcaption></figure>

Fields

* Select Bot (can use saved bot or create new)
* Exchange (e.g Hyperliquid)
* Trading Pair (e.g. BTC-USD)
* Margin

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### Step 2 — Advanced Strategy Settings

Advanced Strategy Configuration

Configure how the bot places orders and manages inventory.

<figure><img src="/files/T9Ckxtc5P24xlnJKrRVD" alt="" width="242"><figcaption></figcaption></figure>

#### Core Parameters

* Participation Rate - Agressive, Neutral, Passive
* Reference Price – Mid, Grid
* Direction – Short, Neutral, Long
* Sample Text
* Refresh Interval – How often orders are updated

Explanation\
The bot continuously recalculates prices and places orders based on these parameters and real-time market conditions.

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### Step 3 — Risk Controls

#### Section Header

Risk Management

Risk controls help protect your capital during adverse market conditions.

Available Controls

* Maximum capital allocation
* Daily loss limit
* Automatic pause on extreme volatility
* Emergency kill switch

Note\
If any risk limit is breached, the bot will automatically cancel orders and pause execution.

***

### Step 4 — Review & Launch

#### Section Header

Review Configuration

<figure><img src="/files/BqZNg4xW4M39hOZucYTZ" alt="" width="341"><figcaption></figcaption></figure>

Before launching, review the bot’s configuration and expected behavior.

Summary Includes

* Exchange and market
* Allocated capital
* Active strategy parameters
* Risk limits

Primary CTA\
Launch Bot

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### Bot Running State

#### Status Card

Bot is Live

Live Metrics

![](/files/srKKhlaVTQHlmBiFU6Po)

* Current status: Running
* Active orders: 12
* Spread captured: 0.14%
* Uptime: 3 hours 12 minutes

Available Actions

* Pause bot
* Edit parameters
* Stop bot

***

### Paused & Stopped States

#### Bot Paused

The bot has cancelled all open orders and will not place new ones until resumed.

#### Bot Stopped

The bot has been fully stopped and must be relaunched to resume trading.

***

### Common System Messages

* Bot paused due to risk limits
* Bot paused due to high volatility
* Bot stopped by user
* Orders cancelled successfully
* Insufficient balance — bot paused

***

### Global Supporting Actions

* Deploy another bot
* Duplicate configuration
* Add funds
* View performance analytics
* Connect another exchange


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