▫️Dashboard Functionality
Last updated
Last updated
Exchange: This dropdown menu likely allows you to select the cryptocurrency exchange platform that you want the bot to operate on. For instance, "Binance" is chosen here, meaning the bot would execute trades on the Binance platform.
Currency: This field is set to "USDT," which suggests that the bot will use Tether, a stablecoin pegged to the US dollar, for its trading operations.
Volume 24h: Max and Min: These inputs are for setting the maximum and minimum 24-hour trading volume thresholds for the cryptocurrencies you are interested in. This filter could help in excluding assets that are too illiquid (low volume) or too volatile (high volume).
Price: Max and Min: Similar to volume, here you can set the maximum and minimum price for the cryptocurrencies you want the bot to trade. This helps in focusing on assets within a specific price range.
Max open positions: This setting controls how many positions the bot can have open at any given time. "2" is entered here, which means the bot is limited to two open trades at once.
Trade Take Profit: This section allows you to set a percentage for the take profit level. When a position reaches this profit level, the bot will automatically close the trade to realize the gains.
Trade Stop Loss: This is where you set the stop loss percentage. If a trade goes against you by this percentage, the bot will automatically exit the position to prevent further losses.
Order Type: This option likely determines how the bot places orders. "Auto" could mean that the bot decides the order type based on its algorithms, while "Market" might instruct the bot to place orders at the current market price. "Two Leg Entry" could refer to a strategy where the bot enters positions by simultaneously taking a long position in one asset and a short position in another.
Create: By clicking this button, you probably finalize the settings and instruct the bot to start executing trades based on the parameters you've set.