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This is the investment amount. Each coin needs its configuration. Each one has it’s own minimum amount requirement, which you can see in the tooltip.
Note that if you want to use stop loss, the amount for the stop loss price, has to be above the minimum amount. The same for the take profit targets, each target amount has to be above the minimum amount. If you don’t respect this requirement, you will see an error in your positions and they won’t be opened.
Regarding the position size based on percentage, it’s based on your total balance for that coin and also the conversion of the current open positions at current market price. The total of all of that, is where the percentage is taken from. This process is slower than the position size in absolute value because it needs to make a call to the exchange to get your current balance, and also compute all your current open positions for that coin.
Buy Price Deviation
For example, if we receive a signal for the MANA/BTC market, and the MANA price is 0.00001519, if our Buy Price Deviation is 2%, this means we'll place a buying order in the exchange with a limit price of 0.00001549. If your Buy Price Deviation has been -2%, then the limit price would have been 0.00001488
Buy Order Expiration
Take-profits orders are placed on the exchange as soon as the buy order has been filled to guarantee that it will be sold even if it's a small pump.
These are your goals for enlarging your position size if the price falls. You can add as many targets as you wish, but you have to be sure that your balance will support it.
Each target has two parameters: Target, in percentage, which is the percentage above the average buying price at which you will buy again, and Quantity, also in percentage, which is the percentage from your current position size that you will add with this new buy.
The target is calculated over the average buying price, and the position size over the total position size (the sum of all your investments so far).
Check the following example for a better understanding of how it works:
Position Size: 0.01
BTC DCA/ReBuy targets:
1. Target: -3%, Quantity: 100%
2. Target: -5%, Quantity: 100%
3. Target: -5%, Quantity: 100%
The first target price would be 0.00052030 – 3% = 0.000504691 If the price reaches that amount, a limit buying order with price limit 0.000504691 will be sent to the exchange to buy 0.01BTC. After the order is filled, the average buying price is recalculated, also the position size: Average buying price = (0.00052030 + 0.000504691) / 2 = 0.000512496
The formula is simplified because the invested amount is the same, but the original formula has it into consideration.
New Position Size: 0.02 BTC.
If we have stop-loss, take-profits and trailing stop, all of them will be recalculated with the new average buying price.
For the next DCA/Rebuy target to be triggered, the price needs to fall 5% below the new average buying price: 0.000512496 – 5% = 0.000486871
Again everything would be recalculated, and the new average buying price would be 0.000499683.
And finally, if the price reaches 0.000499683 – 5% the final target will be triggered, and a new buy order will be sent at 0.000474699, lowering our average buying price to 0.000487191.
With this new price, 0.000487191, we could exit our position with a price below our original buying price (0.00052030) and still be profitable.
The original DCA strategy, count on doubling your current investment, so you should choose 100% in all your targets quantity if you want to follow it.
Max Concurrent Positions
Limit Positions per Market
Any signal for any of the symbols from this list will be rejected.
Only signals for symbols inside this list will be accepted.