For the bot entry, we evaluate the maximum and minimum levels for a given period that you can adjust in the script. The bot enters when the price rebounds from the specified levels.
For the exit, the bot will use the take profit percentage that you will specify in settings. It is also possible to choose how the take profit is calculated either from the average entry price or from the entry order. With careful money management, this is an ideal crypto bot to generate passive income.
DCA Bot Settings:
Orders count. This parameter will determine how many entries your overall strategy will have. For example: If you will put 3, that will mean that including your initial position you will have 2 additional orders.
Order price deviation. This is the value in % which determines the deviation of the additional entries from the entry price.
Order Volume Multiplier. This parameter will determine the amount that you put into each additional position. If this parameter is equal to 1 that means that each additional entry will be equal to the initial amount. The extra volume will be added to your position from the second DCA entry.
Order price Deviation Multiplier. This value will increase the price deviation between each additional entry. It is calculated as the price deviation multiplied by the deviation multiplier.
After setting the necessary parameters on the WunderTrading platform, you will need to duplicate them in the Wunder DCA bot on Trading View for further sending of signals to the platform.
Wunder DCA Bot setup guide - click here.
More about DCA and what settings are used by Wunder DCA Bot - click here.
How to connect to the Wunder DCA Bot?
Add a strategy from our TradingView profile to your profile.
Wunder DCA Bot - click hereChoose individual settings for the bot for your asset and your timeframe;
Add your comments from the WunderTrading bot settings in the "WunderTrading Comments" field
Create an alert on TradingView