Here's a step-by-step guide that helps you go through the whole process — create, terminate, modify parameters and share your DCA bot — to make your first DCA trade easier.
Create a DCA Bot
Step 1: Please click on Trading Bot in the navigation bar to enter theToobit Trading Bot page.
Step 2：Create your Martingale Bot by clicking the corresponding bots, then it will guide you to go to the Create Martingale Grid Bot page. The maximum amount of Futures Grid Bot can be created is 10 bots.
Step 3: You can create Futures Martingale Bots in two ways:
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AI Strategy
Just select the AI strategy that you want to use, and then click “ USE”
b. Manual
Price steps：The percentage price difference between position increasing orders is calculated in the pricing currency
TP target per cycle：
Initial order margin：The margin for the first order
Safety order margin：the margin for the next order
Max safety order：The maximum number of position increasing orders in the current cycle is determined by your margin
Then, click on Create Strategy(long)
Following are the definitions of the two terms for your reference:
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Take Profit: When the last price reaches the take profit price, the take profit order will be triggered, and the position will automatically be sold to lock in your profits.
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Stop Loss: When the last price reaches the stop loss price, the stop loss order will be triggered, and the position will automatically be sold to limit your loss.
- Cycles：The martingale bot will be stoped when it reaches the cycle times.
Step 4: Please double-check the grid bot information you’ve created, and then click on OK to start trading.
Your Futures Martingale Bot has been successfully created!
After you click on OK, the page will automatically show your Bots for you to view your active grid bots.
You can click on Details in the running bots page that you want to view to explore more information, including current status of your Martingale Bot.
You can also adjust the investment amount or add TP/SL to your position from the Details. Please note that the additional investment only serves to maintain the position in order to avoid liquidation. It does not reset the Bot parameters.
Risk Warning: Futures Trading Bot is a strategic trading tool and not financial or investment advice from Toobit. Use Futures Grid Bot at your own discretion and assume all risks associated with it. Toobit will not be liable for any losses you may suffer as a result of using this feature. Users are strongly advised to read and fully understand the Futures Grid Bot Tutorial, take appropriate risk management measures and trade sensibly within your financial means.