Welcome to BitcoinCuba! This post will guide you through the various options and settings you might encounter when using a trading bot. Understanding these settings is crucial for tailoring the bot's behavior to your specific trading strategies and risk tolerance. Let's dive in!
Core Trading Settings:
Infinite Cycle:
Infinite Cycle refers to opening a new trading operation automatically after a full position is closed without waiting for any specific trigger or condition.
Minimum Trade Amount:
Min trade amount refers to the quantity of selected token to buy, not how much you are going to invest.
Maximum Safety Orders:
Max Safety Orders refers to the maximum number of orders that will be opened until the bot enters Recovery mode. Only works with Snowball mode.
Security Margin Ratio:
Security Margin Ratio refers to the amount of money you don't want to use for trading. For example, if you use 3, your balance will be divided by 3 in every new trade and the remaining amount will be used for trading.
Initial Trade Setup:
Fixed Initial Amount Status:
Fixed Initial Amount Status lets you choose whether to use a specific number of tokens for your first buy order. If this setting is off, the system will automatically use the percentage of your balance set in Percent Initial Amount.
Fixed Initial Amount:
Fixed Amount refers to the initial amount of tokens (RUMBA, WETH, etc) that will be used to open the first trading order according to the current price.
Percent Initial Amount:
Percent Amount refers to the initial percent of your balance in USDT that will be used to open the first trading position according to the current price.
Price Based Triggers:
Price Percent Status:
Price Percent Status enables or disables the monitoring of a token's price. This feature is used to automatically create new orders when the price changes by a certain percentage within a specific timeframe.
Price Percent Trigger:
Price Percentage trigger refers to the percentage of price change required to execute a buy order. If you want to execute an order when the price drops by 1%, you would enter -1.
Price Percent Interval:
Price percent interval refers to the time interval in minutes where the price will be monitored to detect changes.
Price Percent 24h Status:
Price Percent 24h Status enables or disables the monitoring of a token's price. This feature is used to automatically create new orders when the price changes by a certain percentage within 24 hours.
Price Percent 24h Trigger:
Price Percentage 24h trigger refers to the percentage of price change required to execute a buy order within 24 hours. If you want to execute an order when the price drops by 1%, you would enter -1.
Take Profit Settings:
Initial Take Profit:
Initial Take Profit refers to the percentage of profit you expect to earn on each trade. For Snowball mode, it's calculated from the average price; for Grid mode, it's calculated from the price of the last trade executed.
Initial Take Profit Multiplier:
Initial Take Profit Multiplier refers to a number that is used to increase your starting "Initial Take Profit" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Initial Take Profit" value.
Example: Initial Take Profit = 5 and Multiplier = 1.1 Step 1: New Take Profit Value = 5 * 1.1 = 5.5 Step 2: New Take Profit Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Take Profit Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Step Down Settings (For Buying More):
Initial Step Percent:
Initial Step Percent refers to the percentage drop in price at which the next buy order will be executed.
Initial Step Percent Multiplier:
Initial Step Percent Multiplier refers to a number that is used to increase your starting "Initial Step Percent" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Initial Step Percent" value.
Example: Initial Step Percent = 5 and Multiplier = 1.1 Step 1: New Step Percent Value = 5 * 1.1 = 5.5 Step 2: New Step Percent Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Step Percent Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Quantity Settings (For Subsequent Buys):
Initial Quantity Denominator:
Quantity Denominator refers to the value that will be used as the denominator to calculate the number of tokens to be bought in the next trading operation. The calculation will be done by dividing the current amount of tokens by the value specified for "Quantity Denominator".
Initial Quantity Multiplier:
Quantity Multiplier refers to a number that is used to increase your starting "Quantity Denominator" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Quantity Denominator" value.
Example: Trade Quantity = 5 and Multiplier = 1.1 Step 1: New Quantity Value = 5 * 1.1 = 5.5 Step 2: New Quantity Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Quantity Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Recovery Mode Settings (Snowball Mode Only):
Recovery Active Status:
Recovery Active Status enables the automatic hedging system for Snowball mode. Once the maximum number of orders defined in Max Safety Orders has been reached, the bot will begin executing new orders using a modified GRID system. In this system, each subsequent order is opened with a larger quantity than the last, and each order is closed independently to secure profits.
Recovery Take Profit:
Recovery Take Profit refers to the percentage of profit you expect to earn on each trade. This feature is only active when recovery is enabled and in Snowball mode. Profits will be taken using the price of the last executed trade as a reference, similar to Grid mode, which helps to eliminate losses from price decreases. If you are looking to close all open orders in Recovery using the average price as a reference, please use the 'Percent Close All' option.
Recovery Take Profit Multiplier:
Recovery Take Profit Multiplier refers to a number that is used to increase your starting "Recovery Take Profit" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Take Profit" value.
Example: Recovery Take Profit = 5 and Multiplier = 1.1 Step 1: New Take Profit Value = 5 * 1.1 = 5.5 Step 2: New Take Profit Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Take Profit Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Recovery Step Percent:
Recovery Step Percent refers to the percentage drop in price at which the next buy order will be executed.
Recovery Step Percent Multiplier:
Recovery Step Percent Multiplier refers to a number that is used to increase your starting "Recovery Step Percent" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Recovery Step Percent" value.
Example: Recovery Step Percent = 5 and Multiplier = 1.1 Step 1: New Step Percent Value = 5 * 1.1 = 5.5 Step 2: New Step Percent Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Step Percent Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Recovery Trade Amount Multiplier:
Recovery Trade Amount Multiplier refers to a number that is used to increase your last "Recovery Trade" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Recovery Trade" value. Only works with Snowball mode! Ex: Last Trade Amount = 5 and Multiplier = 1.1 Recovery Step 1 Next Trade Amount Value = 5 * (1.1) = 5.5 Recovery Step 2 Next Trade Amount Value = 5.5 * (1.1) = 6.05
Recovery Percent Close All:
Percent Close All is an option used when the bot is in Recovery mode. Instead of using the last trade price, it looks at the average price of all your open orders to calculate profit. When the total profit based on this average price reaches the percentage you set in 'Percent Close All', the bot will close all your open orders.
It's important to know that when Recovery mode is active, the bot first checks the value you've set for 'Percent Close All'. If the current profit (calculated using the average price) is lower than your 'Percent Close All' setting, the bot will then use the profit percentage you've set in Recovery Take Profit to close the last opened order
We hope this detailed explanation helps you better understand the various options available in your trading bot. Feel free to ask any further questions in the comments below! Happy trading!
Core Trading Settings:
Infinite Cycle:
Infinite Cycle refers to opening a new trading operation automatically after a full position is closed without waiting for any specific trigger or condition.
Minimum Trade Amount:
Min trade amount refers to the quantity of selected token to buy, not how much you are going to invest.
Maximum Safety Orders:
Max Safety Orders refers to the maximum number of orders that will be opened until the bot enters Recovery mode. Only works with Snowball mode.
Security Margin Ratio:
Security Margin Ratio refers to the amount of money you don't want to use for trading. For example, if you use 3, your balance will be divided by 3 in every new trade and the remaining amount will be used for trading.
Initial Trade Setup:
Fixed Initial Amount Status:
Fixed Initial Amount Status lets you choose whether to use a specific number of tokens for your first buy order. If this setting is off, the system will automatically use the percentage of your balance set in Percent Initial Amount.
Fixed Initial Amount:
Fixed Amount refers to the initial amount of tokens (RUMBA, WETH, etc) that will be used to open the first trading order according to the current price.
Percent Initial Amount:
Percent Amount refers to the initial percent of your balance in USDT that will be used to open the first trading position according to the current price.
Price Based Triggers:
Price Percent Status:
Price Percent Status enables or disables the monitoring of a token's price. This feature is used to automatically create new orders when the price changes by a certain percentage within a specific timeframe.
Price Percent Trigger:
Price Percentage trigger refers to the percentage of price change required to execute a buy order. If you want to execute an order when the price drops by 1%, you would enter -1.
Price Percent Interval:
Price percent interval refers to the time interval in minutes where the price will be monitored to detect changes.
Price Percent 24h Status:
Price Percent 24h Status enables or disables the monitoring of a token's price. This feature is used to automatically create new orders when the price changes by a certain percentage within 24 hours.
Price Percent 24h Trigger:
Price Percentage 24h trigger refers to the percentage of price change required to execute a buy order within 24 hours. If you want to execute an order when the price drops by 1%, you would enter -1.
Take Profit Settings:
Initial Take Profit:
Initial Take Profit refers to the percentage of profit you expect to earn on each trade. For Snowball mode, it's calculated from the average price; for Grid mode, it's calculated from the price of the last trade executed.
Initial Take Profit Multiplier:
Initial Take Profit Multiplier refers to a number that is used to increase your starting "Initial Take Profit" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Initial Take Profit" value.
Example: Initial Take Profit = 5 and Multiplier = 1.1 Step 1: New Take Profit Value = 5 * 1.1 = 5.5 Step 2: New Take Profit Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Take Profit Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Step Down Settings (For Buying More):
Initial Step Percent:
Initial Step Percent refers to the percentage drop in price at which the next buy order will be executed.
Initial Step Percent Multiplier:
Initial Step Percent Multiplier refers to a number that is used to increase your starting "Initial Step Percent" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Initial Step Percent" value.
Example: Initial Step Percent = 5 and Multiplier = 1.1 Step 1: New Step Percent Value = 5 * 1.1 = 5.5 Step 2: New Step Percent Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Step Percent Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Quantity Settings (For Subsequent Buys):
Initial Quantity Denominator:
Quantity Denominator refers to the value that will be used as the denominator to calculate the number of tokens to be bought in the next trading operation. The calculation will be done by dividing the current amount of tokens by the value specified for "Quantity Denominator".
Initial Quantity Multiplier:
Quantity Multiplier refers to a number that is used to increase your starting "Quantity Denominator" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Quantity Denominator" value.
Example: Trade Quantity = 5 and Multiplier = 1.1 Step 1: New Quantity Value = 5 * 1.1 = 5.5 Step 2: New Quantity Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Quantity Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Recovery Mode Settings (Snowball Mode Only):
Recovery Active Status:
Recovery Active Status enables the automatic hedging system for Snowball mode. Once the maximum number of orders defined in Max Safety Orders has been reached, the bot will begin executing new orders using a modified GRID system. In this system, each subsequent order is opened with a larger quantity than the last, and each order is closed independently to secure profits.
Recovery Take Profit:
Recovery Take Profit refers to the percentage of profit you expect to earn on each trade. This feature is only active when recovery is enabled and in Snowball mode. Profits will be taken using the price of the last executed trade as a reference, similar to Grid mode, which helps to eliminate losses from price decreases. If you are looking to close all open orders in Recovery using the average price as a reference, please use the 'Percent Close All' option.
Recovery Take Profit Multiplier:
Recovery Take Profit Multiplier refers to a number that is used to increase your starting "Recovery Take Profit" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Take Profit" value.
Example: Recovery Take Profit = 5 and Multiplier = 1.1 Step 1: New Take Profit Value = 5 * 1.1 = 5.5 Step 2: New Take Profit Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Take Profit Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Recovery Step Percent:
Recovery Step Percent refers to the percentage drop in price at which the next buy order will be executed.
Recovery Step Percent Multiplier:
Recovery Step Percent Multiplier refers to a number that is used to increase your starting "Recovery Step Percent" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Recovery Step Percent" value.
Example: Recovery Step Percent = 5 and Multiplier = 1.1 Step 1: New Step Percent Value = 5 * 1.1 = 5.5 Step 2: New Step Percent Value = 5 * (1.1 * 1.1) = 6.05 Step 3: New Step Percent Value = 5 * (1.1 * 1.1 * 1.1) = 6.65
Recovery Trade Amount Multiplier:
Recovery Trade Amount Multiplier refers to a number that is used to increase your last "Recovery Trade" amount. Every time you make a new trade (which we call a "step"), this multiplier helps to calculate a new, higher or lower "Recovery Trade" value. Only works with Snowball mode! Ex: Last Trade Amount = 5 and Multiplier = 1.1 Recovery Step 1 Next Trade Amount Value = 5 * (1.1) = 5.5 Recovery Step 2 Next Trade Amount Value = 5.5 * (1.1) = 6.05
Recovery Percent Close All:
Percent Close All is an option used when the bot is in Recovery mode. Instead of using the last trade price, it looks at the average price of all your open orders to calculate profit. When the total profit based on this average price reaches the percentage you set in 'Percent Close All', the bot will close all your open orders.
It's important to know that when Recovery mode is active, the bot first checks the value you've set for 'Percent Close All'. If the current profit (calculated using the average price) is lower than your 'Percent Close All' setting, the bot will then use the profit percentage you've set in Recovery Take Profit to close the last opened order
We hope this detailed explanation helps you better understand the various options available in your trading bot. Feel free to ask any further questions in the comments below! Happy trading!
