General settings for trading strategies

Modified on Fri, 4 Oct at 11:13 AM

The window of strategy creation.

To start a strategy, click on the "Strategies" icon and choose the desired one from the list, or use the quick launch icons for favorite strategies (setting up favorite instruments is described in the "Chart" article).

Volume allocation

The strategy must have some amount of the allocated deposit to buy and sell. There are two ways to do so:

1. Enter the amount in the "Balance" box;

2. Select what percentage of the available deposit to allocate.

Prefixes for strategies

To distinguish strategies with the same name on the chart and in the list of strategies, you can set a prefix for each launched strategy.

For example, you have launched squeezes on one asset and to avoid confusing limits during trading, you can set a 4-digit prefix for each strategy at launch. This prefix will be displayed in the Limit field and in the list of strategies (if the Strategy ID column is enabled).

The prefixes are located in the strategy window, to the left of the name field (1) and in the strategy block (2).

Thanks to this option, you can quickly distinguish strategies on the chart when trading intraday and do not confuse positional entries from intraday ones.

Notifications:

All trading strategies have the option to disable notifications when exiting the standby mode.

The activity of the strategy notifications is in the lower-left corner of the config of any strategy in the form of a "bell"

Crossed-out indicator - notifications are disabled;

No crossed-out indicator - notifications are enabled;

For a fibo strategy, this option enables or disables the strategy notifications based on two criteria:

- Entering/exiting standby mode.

- Notification of the update of the new high (when the "sticky fibo" is enabled).

Start trigger

1. Strategies have an additional standby mode. In this mode, strategies don't place buy orders and don't reserve a deposit until the start trigger activation. The strategy activation occurs when the market price touches the price defined in the start trigger box and only after that it places a buy order.

2. After the creation of a new strategy of any type the start trigger is placed between the levels of current market price and buy order by default. The strategy waits for activation till the price drops.

3. If the price doesn't fall to the placed buy order level but rises above the start trigger level then the strategy goes into standby mode.

4. In case of an intraday strategy, when the "breakout" strategy is used, the start trigger is above the current price, waiting for its growth.

5. When the activated strategy places a sell order, it goes into standby mode only after execution.

6. When the strategy is in standby mode, it doesn't place buy orders and stops its work with an error, if there is no available deposit on the account balance equal to the amount allocated to it. Except for the squeeze strategy with an active "start trigger" function. it continues to work in standby mode.

Types of strategy status

Strategy creation requires filling in all obligatory boxes and clicking the "Create" button. Types of strategy status are next:

1. Active

The strategy is in this status when created without a start trigger (or start trigger is activated). At the same time:

It reserves the allocated amount of the deposit.
It places buy orders.
In the "Strategies list" block the on/off toggle is green .

2. On hold

The strategy is in this status when created with an inactive start trigger. At the same time:

It doesn't reserve the allocated amount of the deposit.
It doesn't place buy orders.
In the "Strategies list" block the on/off toggle is yellow .

3. Stopped

The strategy is in this status when it stopped for any reason (automatically finished working according to the specified algorithm, turned off by the user, an error occurred in the operation) or strategy has an invalid configuration. At the same time:

It doesn't reserve the allocated amount of the deposit.
It doesn't place buy orders.
In the "Strategies list" block the on/off toggle is red .
Can be restarted by the user. Before activation, analyze the relevance of the settings to the market situation.

Stop-loss

To minimize risks, all types of trading strategies have an optional stop loss setting. It is an "emergency exit" when the price of a coin falls dramatically. The strategy needs to set the trigger to do so. Its configuration is carried out in the "SL" tab:

The trigger is mostly the price level for all types of strategies. In the "Price" box you should define it. When the current price touches this level, the stop loss trigger is activated and the placed sell orders are canceled. The strategy places a new sell order of the defined type (any supported by this type of strategy. More information in the description of the strategies). The order type is selected in the dropdown menu:

If the ‘By candle close’ checkbox is ticked, the stoploss trigger will be triggered only if the candle close on the selected timeframe is below the level specified in the ‘Price’ field.

The ‘By candlestick close’ checkbox and the choice of order type for the stop are initially hidden. They appear when entering a value in the trigger field or when activating the trigger by ticking the checkbox next to the ‘Price’ field.

The strategy can set the trigger as a percentage. Select it in the dropdown menu:

Stop-loss+

This option appears in the active strategy but not when the user creating one.

The user can add an extra stop-loss to an active strategy without restarting it. Steps:

In the configuration window, go to the "Stop Loss+" tab.
Click "Add stop loss".
Use the tool to set the stop trigger level (horizontal or dynamic line) on the chart.
Click on the checkmark in the toolbar.
When the price touches the added stop-loss line, the strategy cancels all take orders and sales all its positions (market sale).
After activation and execution of the additional stop-loss, the ID and FIBO strategies will finish their work. And cyclic strategies CHANNEL and SQUEEZE will continue to work.

When the user selects another instrument (during step 3) or just clicks on the TV chart, a window appears:

- The "Create" button confirms stop loss+ on the set line (the same as the checkmark on the toolbar in step 4) .

- The "Remove" button cancels stop loss+.

- Closing the window leads to further stop loss+ setting.

Important! When placing a stop loss+ on the 1m TF, make sure that the stop loss line does not cross the current (open) candle. An additional stop loss is activated not only by market trades (the price) but also by the cross of a stop loss line and the current candle. If the line crosses an open candle then stop loss+ is triggered immediately, although the price is higher at the moment. BUT! When placing a stop loss+ in the candle with an executed buy order, the trigger for its activation is the price.

Breakeven Stop Loss (SLBE)

In addition to the stop loss+ represented by a line, strategies can be set with a stop loss at the breakeven level of the strategy itself.

The breakeven level of the strategy serves as a trigger for activating the Stop Loss and is dynamically adjusted based on the breakeven level of the active strategy. The same settings as the regular SL+ order are used for executing SLBE.

Features:

Does not cancel the main Stop Loss.
The option is available only after the breakeven level of the strategy appears (when there is a position); otherwise, the option is disabled.
Moves together with the breakeven level of the strategy.
Can be added through:
The "three dots" on the chart;
In the strategy configuration - SL+ tab;
Through the list of strategies (breakeven column)
- The "Shield" icon has two colors and states:
  - Gray - SLBE is inactive;
  - Orange - SLBE is active.

To disable the breakeven stop loss, click on the "shield" icon in the list of strategies or use the corresponding button in the strategy configuration, SL+ tab, or in the "three dots" menu on the chart.

Note:

When adding SLBE when PNL is negative, a warning dialogue box will pop up:

Where two options will be available: ‘Market’ and “Breakeven”.

If ‘Market’ is selected, the position will be sold at the market price.

If you select ‘Breakeven’, the strategy will sell the entire position when the price reaches the breakeven level.

‘Liquidation’ only for FIBO & CHANNEL strategies.

For strategies with averaging in the isolated margin mode, there is an option to calculate position liquidation.

The option has two states: without yellow highlighting; with yellow highlighting.

- When the liquidation field is not illuminated, it means that the liquidation level is outside the FIBO or CHANNEL grid and gives a preliminary warning that the set-up is ‘safe’.

- When the elimination field is lit yellow - it means that the elimination level is in the planned grid area (between levels) and it preliminarily informs that the set-up is ‘not safe’.

The figure shows a grid where the liquidation level is between buy level 1 and buy level 2.

‘Green Channels’ - dynamic order management (Deposit Optimisation).

For Channel and Fibo strategies the ‘Deposit Optimisation’ option has been added - this option allows to use not the entire deposit for all levels at once, but to reserve it as needed, without stopping the strategy if the balance is insufficient for the next levels.

Operation modes: Manual and Auto (by default the option is switched off).

In Manual mode - the user chooses how many levels should be activated at once.

With Auto - the platform calculates the required number of levels and will place the next ones as orders are executed.

The principle of operation on the example of Fibo:

When activating the option of deposit optimisation on ‘auto’, the platform will calculate the number of levels and place the next ones. In case of execution of the first level, the second level will be activated, and so on up to the last one.

The platform will automatically rebalance it for orders by intervals:

1st in a minute;

2nd in 5 minutes;

3rd after 60 minutes;

The 4th will make 4 attempts every 60 minutes.

The strategy will make a total of 7 attempts, after which the automatic request is switched off. At the same time, it is still possible to manually re-request the balance for unplaced orders through the strategy settings window

In case of manual balance request, a dialogue box will appear:

‘Select the channels for which the balance should be requested’

All channels - this option includes all non-activated levels/orders, both above and below the current price. If there are unactivated channels above the current price, the order/level will be executed at the current price.

Below price - includes only levels below the current price.

Tab "Other"

The setting determines the "lifetime" for the strategy. The default setting is "7 days". Applicable only to strategies launched with an activation trigger. If the strategy is not activated within the user-selected time (from the moment of launch or the last deactivation), it stops.

When creating a strategy, the "lifetime" parameter can be adjusted to another value that corresponds to your license. After launching, this parameter will be fixed for the specific type of strategy/template. Additionally, long and short strategies will have individual lifetime.

The maximum available duration for the "Standard" subscription is 1 month, and for the "Pro" subscription, it is 6 months.

Trailing

This function is available for the Squeeze and Fibo strategy.

Reuse / collect coin, auto restart

This function is available for the Channel and Squeeze strategy.

1. Reuse: the amount of the buy order increases with each completion of the "buy-sell" cycle (i.e. investment amount + profit).

2. Collect: the amount of the buy order remains the same. The strategy collects profit in the coin selected from the symbol.

Once per candle

There is a limit of transactions for the strategy in one candlestick when this function is activated. The strategy performs only one "buy-sell" cycle in a candlestick. For the first time, the strategy doesn't place buy orders until the current candlestick is closed. This function is appropriate for upper timeframes (TF) and large allocations to the strategy.

Copy of strategy settings

There is a button

in the upper-right corner of each strategy settings. It gives a link that allows sharing strategy config. The link opens the "Trading" section, a strategy with the config and the tool that is linked to the strategy.

Changing the settings of active strategies

1. The settings of an active strategy are changeable:

In the configuration window from the "Strategies list".
In the toolbar by clicking on the robot icon.
In the edit strategy menu by clicking the right mouse button.

Please note that the changes enter into action only after the strategy is stopped and then restarted. The strategy doesn't stick to the plan in case of the restart after it made a purchase and placed a sell order which can lead to losses. We recommend changing the settings only for strategies whose buy orders haven't been executed.

2. Edit of an active strategy should be performed before buy order execution by restarting it:

In the new toolbar after a strategy creation .
In the menu of this tool by clicking the right mouse button.
In the "Strategies list" block .

How to shut down the strategy:

You can quickly stop the strategy by сlicking toggle

on the status of the strategy in the "Strategies list" block.

Click close

in the limit order of the strategy on the chart.

Then you can choose what to do with the orders placed by the strategy:

Sell to market
Cancel buy orders
Cancel all orders
Leave orders