Exchange Settings
In this section you can check how you can configure exchange settings.
Maximum Signal
In order to use your budget effectively and apply dollar-cost averaging, you should adjust the maximum number of signals you will be trading at the same time.
Main Menu → Exchange → Binance → Max Signal → Click how many signals you want to trade at the same time.
Re-buy
This means that if you are in a signal and price drops, bot will automatically re- buy the coin to lower your average buy price. Dollar-Cost averaging is a really helpful method to exit the signal as early as possible. However, it should be noted that this might also get you in a position with huge loss. Decide carefully how many times to buyback again.
Main Menu → Exchange → Binance → Re-buy → Click how many times you want to re-buy.
Re-buy Percent
To apply Dollar-Cost Averaging, you must define a distance to have the bot buy again for you. Let's examine this situation
Your re-buy % = 3%
You bought a signal when it is 10000 satoshi, it means that your first re-buy will be when price is 9700 satoshi.
Your second re-buy will be when price is 97000.97=9409 satoshi
Your third re-buy will be when price is 94090.97=9127 satoshi
Main Menu → Exchange → Binance → Stop Loss → Click what percentage do you want to set.
Stop Loss
Stop-loss can be defined as an advance order to sell an asset when it reaches a particular price point. It is used to limit loss or gain in a trade. By placing a stop-loss order, the investor instructs the broker/agent to sell a security when it reaches a pre-set price limit.
Main Menu → Exchange → Binance → Stop Loss → Click what percentage do you want to set.
If you don't want to set stop-loss, click ❌
Trail Stop
Trail stop consists of 2 components. The first is where to start tracking the profit and the second is with how much distance to follow it. For example, you may want to put a stop at 1% profit level when you are in a position with 2% profit.
Thanks to the profit tracking feature, as your profit rate increases, your stop level will be moved up and your profit will be maximized. If your profit is 3%, your stop will be moved to 2%. As the price continues to rise, your stop level will increase, and when the price starts to fall back, your stop level will be triggered and you will exit the position.
To set trail stop, simply type /setTrailStop -exchange- -startLevel- -distance-
For example: /setTrailStop Binance 2 0.5
Cancel Order Time
In some cases, the signal may be completed before the orders we placed are filled, and the order may remain open for no reason. Therefore, it would be in our best interest to cancel our orders automatically after a certain period of time.
Main Menu → Exchange → Binance → Cancel Order → Click how many minutes you want to wait before canceling the order.
Initial Margin
When a new signal is published in the algorithm you follow, you may want to enter earlier or later instead of the price at which it was published.
For example, when a signal is broadcast at a price of 1000 USDT,
- If your initial order margin is -1%, an order is sent to enter the signal 1% lower, that is, 990 USDT.
- If it is -1.5%, an order is sent as 985 USDT.
If you want to enter the signal immediately, you can activate market buying. In this way, the purchase will be made immediately.
Main Menu → Exchange → Binance → Initial Margin → Click what percentage do you want to set.
Per Buy Settings
You need to set per buy values for the bot to place order when in signal. This value is very important and depends on the risk appetite of the users. It is recommended to set 1/20 of your total balance as the optimal value.
To set your buy amount per trade, simply write /setPerBuy -exchange- -asset- -amount-
For example: /setPerBuy Binance BTC 0.001