How to set up your own strategy?
Since its version 2.0, the trading bot allows you to follow your own strategy. Now you can determine when you want to sell, how many % to each target, where you put the stop loss and whether you want to have a trailing stop or smart trailing.
To be able to change this, go to the trading bot menu and choose 'Trades settings'.
Then select 'Custom config'. Then you can configure it.
Once you have determined the settings, you can go back to the main menu.
Your strategy will be in place from the next trade.
Understand Configurations
'Sell% Tx' : Define the % of your total position you want to sell at the determined target. It will sell at the market price when the price is reached.
'Stop Loss %' : Define where you put your stop-loss. The % represent the % of decrease you accept before selling. By default, the Stop-Loss will follow our signal. If you define a %, it will use your defined Stop-Loss. Example : having a 5% stop loss means that bot a position a $1, you will sell at $0,95.
'Smart trailing' : Smart trailing is a trailing that is triggered when T1 or T2 or T3 is reached. The deviation is calculated automatically as a % based on profit level of T1 or T2 prices. In other words, for a Target at 10%, with a Smart trailing at 80%, your trailing will be at 8% under the T1 price (or 2% above the entry price) . As it's also a trailing, the bot will keep on monitoring the price and recalculates the trailing price if it goes higher than the reached target.
'Enable Break-Even' : if enabled and if a first target is reached, the bot will monitor the price going back down and automatically sell, at market price, the remaining position if it goes below a break-even price (buy price + fees).
'Enable Trailing on Tx' : determine when the trailing will be activated.
'Risk Filter' : Will let you choose the maximum level of risk the bot will follow according the the risk level shared automatically in the signal. If you put 3, it won’t trade the signal with a risk higher than 3.
Last updated
