Hey folks!
Today I want to talk about orders which you can use with bots.
There are four orders that I use in trading.
Stop-loses, Take profits, trailing-up and trailing down.
Lets look how it works with DCA bots. For the DCA bots TP will trigger the selling of all the coins. These bots were acquired exclusively through DCA buy orders, allowing for substantial selling opportunities Then the bot will restart a new cycle based on your start criteria, ie. immediately ou based on indicator (RSI, stochastic and etc)
For short-term trades I prefer using 0,2% range in my TP order.
And what about trailing up? Trailing up adjusts your stop loss away from the initially set target. It activates when the deviation reaches 0.15% or more from the original value of 1%. (For example)
What about Grid bots?
Trailing Up automatically moves your entire Grip up (by canceling the lower order and placing an extra order above the current price) when the market price keeps up. It makes your bot work almost indefinitely if the price rises.
Trailing Down either moves your entire Grid down (by canceling the upper order and placing an extra order below the Current price) when the price drops or extends the Grid down (just by adding extra orders below the Current price).
Want to know more about bots? Please, write in comments! I will be glad to share with you my experience. Have a lot of profitable trades this week!
