In this article, we answer some of the most frequently asked questions about the WhiteMind feature.

 

1. Does WhiteMind guarantee profit?

No. Profit is not guaranteed.

 

Expected ROI and historical performance are estimates and do not guarantee future results. Market conditions can change, and a strategy can generate losses as well as profits.

 

2. What happens if the market moves against the strategy?

If the market moves against the strategy, it can generate a loss.

 

The strategy may continue operating according to its trading signals and rules. If a drawdown is reached, the strategy can stop automatically.

 

3. What should I do if the strategy performs differently than expected?

Strategy results may differ from historical performance or estimated returns because market conditions can change.

 

If you are not comfortable with the strategy’s performance, you can stop it using the Stop button. WhiteBIT will close the open positions and transfer the remaining balance back to your Main balance, after applicable fees.

 

4. Can WhiteMind analyze positions I already have open?

No. WhiteMind doesn’t analyze your existing positions unless they are part of the strategy’s intended operation.

 

The AI doesn’t have access to your orders, balances, or account actions. Its role is to generate strategies and provide trading signals.

 

5. Can the AI see my personal data, such as my name, documents, or account history?

No. The AI does not have access to your personal information, identity documents, or personal account history.

 

AI’s role is limited to providing strategy logic and trading signals. WhiteBIT remains responsible for account information, funds, and trading operations.

 

6. Can the AI access my Main balance without my confirmation?

No. Your funds remain in your regular Main and Trade balances until you explicitly confirm the strategy launch.

 

Only after your confirmation does WhiteBIT transfer the selected investment to a separate isolated sub-account created for that strategy.