How to Load & Run Your First Free Deriv Bot on NexTrader Bot

Introduction

Welcome, Deriv traders, to this comprehensive guide on unleashing the power of automated trading with NexTrader Bot! If you're looking to enhance your trading experience on Deriv, particularly with synthetic indices, forex, gold, silver, or crypto, without delving into complex coding, you've come to the right place.

This tutorial is specifically designed for beginners and experienced traders alike who want to leverage the Nextrader ecosystem's 100% free tools. By the end of this step-by-step guide, you will have successfully loaded and run your very first free Deriv bot on NexTrader Bot in one click, experiencing the simplicity and efficiency of automated trading. We'll walk you through everything from connecting your Deriv account securely to selecting and activating a ready-to-run deriv trading bot from our extensive library.

You'll discover how easy it is to tap into the world of binary bots, using pre-built strategies like Rise Rocket or Fall Falcon, and monitor their performance directly from your NexTrader dashboard, all without any subscription fees or paywalls.

What You Need Before Starting

• A Deriv.com Account: Both a demo or a real Deriv account will work. We highly recommend starting with a demo account for practice.
• A NexTrader Bot Account: You'll need to create a free account at bot.nextrader.live.
• A Deriv API Token: This is essential for securely connecting your Deriv account to NexTrader Bot. Don't worry, we'll guide you on how to generate it.
• Basic Internet Access: A stable internet connection is crucial for seamless operation.

Step 1: Creating Your NexTrader Bot Account

Your journey into automated Deriv trading begins with setting up your free NexTrader Bot account. This is your gateway to a vast library of ready-to-run Deriv bots, all accessible without any coding knowledge.

1. Navigate to NexTrader Bot: Open your web browser and go to bot.nextrader.live.

2. Initiate Signup: On the homepage, you'll see options to "Sign Up" or "Get Started." Click on either of these to begin the registration process.

3. Enter Your Details: You'll be prompted to enter your email address and create a secure password. Make sure to use a valid email as you'll need to verify it.

4. Complete Email Verification: After submitting your details, check your inbox for a verification email from NexTrader. Click the verification link within the email to activate your account. This crucial step ensures the security of your account and confirms your access to the NexTrader ecosystem.

5. Log In to NexTrader Bot: Once your email is verified, return to bot.nextrader.live and log in using your newly created credentials. You'll land on your personal NexTrader Bot dashboard, ready for the next step.

Step 2: Generating Your Deriv API Token

To allow NexTrader Bot to securely interact with your Deriv account – for placing trades, reading your balance, and managing positions – you need to generate a Deriv API Token. This token acts as a secure key, ensuring that only authorized applications like NexTrader Bot can access your account, without ever needing your Deriv password.

1. Log In to Your Deriv.com Account: Open a new tab or window and log in to your Deriv.com account. Ensure you are logged into the specific account (demo or real) that you intend to connect with NexTrader Bot.

2. Access API Tokens Section: Once logged in, navigate to the "Settings" section of your Deriv account. Typically, you can find this by clicking on your profile picture or account name in the top right corner, then selecting "Settings." Within the settings menu, look for "API Tokens" or "API & Security."

3. Create a New Token: On the API Tokens page, you will see an option to "Create a new token." Click this button.

4. Define Permissions: This is a vital step. When creating the token, you'll be asked to select permissions. For full functionality with NexTrader Bot, and to ensure your deriv bot can perform all necessary actions (like reading your balance and executing trades), we recommend selecting all available permissions (Read, Trade, Payments, Admin). While some bots might only require 'Read' and 'Trade', selecting all ensures maximum compatibility with the diverse range of binary bots available on NexTrader Bot.

5. Name Your Token (Optional but Recommended): You can give your token a descriptive name, such as "NexTrader Bot Access," to easily identify its purpose later.

6. Copy Your API Token: After creating the token, Deriv will display a long string of characters. This is your unique API Token. It is crucial to copy this token immediately and keep it secure. Deriv usually only shows the token once upon creation. If you lose it, you'll have to generate a new one. Copy it to your clipboard.

Step 3: Connecting Your Deriv Account to NexTrader Bot

With your Deriv API Token securely copied, it's time to establish the connection between your Deriv trading account and the NexTrader Bot platform. This one-time setup allows NexTrader Bot to access your Deriv account securely and execute trades based on the chosen deriv trading bot strategy.

1. Return to NexTrader Bot: Go back to the NexTrader Bot dashboard (bot.nextrader.live) where you logged in during Step 1.

2. Locate the API Token Input: On your NexTrader Bot dashboard, you'll find a prominent section or input field labeled "Connect to Deriv," "API Token," or similar. This is where you'll paste the token you just generated.

3. Paste Your API Token: Carefully paste the Deriv API Token you copied in Step 2 into the designated input field.

4. Click "Connect": After pasting the token, click the "Connect" button. NexTrader Bot will then attempt to establish a secure WebSocket API integration with your Deriv account.

5. Verify Connection: Upon successful connection, your NexTrader Bot dashboard will update. You should see your Deriv account details displayed, including your live demo balance (if you connected a demo account) or real account balance. This confirms that the connection is active and secure, and NexTrader Bot is ready to receive commands and execute trades on your behalf using its powerful binary bots. If there's an error, double-check your API token for any typos or missing characters and try again.

Step 4: Choosing [Your First Free Deriv](/deriv-even-odd-bot-nextrader) Bot from the Bot Hub

Now for the exciting part – selecting your first free Deriv bot! NexTrader Bot boasts a comprehensive "Bot Hub" with 747+ ready-to-run Deriv bots. For this tutorial, we'll focus on finding and loading a free bot to get you started.

1. Navigate to the Bot Hub: On your NexTrader Bot dashboard, locate and click on the "Bot Hub" tab or link. This will open the library of available bots.

2. Filter for Free Bots: Within the Bot Hub, you'll see various filters and categories. Look for a filter option that allows you to select "Free Bots." Click this to display only the bots available in the Free Bots tier, ensuring you don't accidentally select a Premium Bot for your first run.

3. Explore Bot Categories: The Free Bots are grouped by contract type, making it easy to find a strategy that interests you. You'll see categories like:

* Rise/Fall: Bots designed to predict if the asset price will rise or fall.

* Over/Under: Bots predicting if the last digit of the asset price will be over or under a certain value.

* Even/Odd: Bots predicting if the last digit will be even or odd.

* Match/Differ: Bots predicting if the last digit will match or differ from a chosen digit.

You'll also find Tick, Indicator, and Candle based bots.

4. Select a Simple 1-Tick or 1-Tick Turbo Bot: For your very first experience, we recommend choosing a straightforward bot, perhaps one with "1-Tick" or "1-Tick Turbo" speed, as these are often simpler to understand and observe. Look for named bots like "Rise Rocket," "Fall Falcon," "Even Comet," "Over 2 Blaze," "Under 8 Flash," or "Odd Bolt." These names often indicate their core strategy.

5. Observe Bot Details: As you browse, notice the usage counters, as well as "Trending," "Hot," or "Most-used" badges. These indicators can give you an idea of popular choices within the community.

6. Load Your Chosen Bot: Once you've identified a free Deriv bot that piques your interest, simply click the "Load" button associated with that specific bot. In one click, the bot's strategy (which is block-based, meaning no coding required!) will be loaded onto your trading dashboard, ready for activation.

Step 5: Running Your Deriv Trading Bot and Monitoring Performance

With your chosen free Deriv bot loaded onto your NexTrader Bot dashboard, you're just moments away from initiating automated trades. This final step involves setting your initial parameters and starting the bot, then observing its performance.

1. Review Loaded Bot on Dashboard: After loading, your selected deriv bot will appear prominently on your main NexTrader Bot dashboard. You'll see its name, contract type, and various settings.

2. Set Initial Stake: Before running, you need to define your initial stake (the amount per trade). For beginners and especially when using a demo account, it's wise to start with a very small stake, such as 0.35 USD or 0.50 USD. This allows you to observe the bot's behavior with minimal risk. Locate the "Initial Stake" or "Stake" input field and enter your desired amount.

3. Confirm Account Type: Double-check that the "Account Type" displayed (usually near your balance) is set to "Demo Account." This is crucial for practicing without risking real funds. If you're confident and using a real account, ensure that's selected, but proceed with extreme caution and appropriate risk management.

4. Click the "Run" Button: Once your stake is set and the account type is confirmed, locate the prominent "Run" button and click it. Your deriv trading bot will immediately begin executing trades according to its pre-programmed block-based strategy. You'll see trade confirmations and results appear in real-time.

5. Monitor Live Performance: Keep a close eye on your NexTrader Bot dashboard. You'll see live updates on trades placed, profit/loss per trade, and your overall balance. The dashboard provides a clear overview of your bot's activity.

6. Use the "Stop" Button: At any point, if you wish to pause or stop your binary bots, simply click the "Stop" button. This will halt the bot's trading activity immediately. It's good practice to stop your bot regularly to review its performance and make any necessary adjustments or to simply take a break.

7. Review Trade History: NexTrader Bot also provides a detailed trade history, allowing you to review all the trades executed by your bot, helping you understand its strategy and performance over time.

Pro Tips

• Always Start with a Deriv Demo Account: Before deploying any deriv bot on a real account, thoroughly test it on a Deriv demo account. This allows you to understand its behavior, risk profile, and potential profitability without financial risk.
• Explore Different Contract Types: Don't limit yourself to just Rise/Fall. The Bot Hub offers bots for Over/Under, Even/Odd, and Match/Differ contracts. Experiment with these different types to discover which strategies resonate best with your trading style and market conditions.
• Monitor Performance and Adjust: Automated trading isn't "set and forget." Regularly monitor your deriv trading bot's performance. If a bot isn't performing as expected, consider stopping it, reviewing your stake, or exploring other bots from the Free Bots tier.
• Join the Nextrader Community: The Telegram community at Telegram is an invaluable resource. Connect with other Deriv traders, share experiences, ask questions, and gain insights into optimizing your binary bots strategies. It's a great place to learn and grow.

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Trading involves risk. Past performance does not guarantee future results.