▫️Dashboard Functionality
Last updated
Last updated
Cryptocurrency Selection: You can choose which cryptocurrency to trade with, such as Bitcoin (BTC), Ethereum (ETH), and others.
Current Market Overview: It displays the current market price of the selected cryptocurrency, Bitcoin in this case, along with the performance over a selected time frame (1D, 1M, 3M, etc.).
Stop Loss: This setting allows you to set a stop loss to limit potential losses. If the price drops to a certain percentage below your entry point, the bot will sell to prevent further loss.
Trailing Stop Activation and Execution: These options enable a trailing stop strategy, where the stop loss price adjusts upwards with the market price, securing profits while still providing downside protection.
Take Profit Type: This dropdown allows you to choose the strategy for taking profits. If based on entry order, profits are taken at a fixed target from the original entry price; if based on average price, profits are taken at a target that considers the averaged purchase price of all holdings.
DCA Orders Count: Here you can specify the number of DCA orders the bot should place within the strategy, allowing for multiple buying opportunities at different price points.
DCA Order Price Deviation: This setting determines the price deviation from the last order before a new DCA order is placed. It could be set as a percentage indicating how much the price should move before executing another order.
DCA Order Volume Multiplier: This allows for increasing the volume of cryptocurrency purchased with each subsequent order, potentially taking greater advantage of lower prices.
DCA Price Deviation Multiplier: This could be used to adjust the sensitivity of the price deviation trigger based on market conditions or investment strategy.
Create Button: After setting all the parameters, this button is used to launch the DCA bot with the specified strategy.