Important to keep in mind that the strategy is a program that performs automated actions according to an algorithm through the platform's interface. As a rule, this is a purchase with a further sale at a higher price. The user sets an algorithm to the strategy which indicates the buy and sell levels. The strategy doesn't have an option to make its own decisions. it is just a tool that allows to automate and speed up the actions performed by the user: placing and canceling orders, moving them, "exit" by stop-loss, etc.
It means that strategies can eliminate most of the routine and emotional decisions. However, there are no exclusively profitable automated strategies that work on the principle "start and forget". For effective trading with the help of strategies, the user must evaluate the market situation, choose the trading strategy, monitor the strategy work, since the market is in constant motion.
LEXX Trading Platform gives access to:
Trading strategies:
Notifications:
User can modify the settings of active strategies within the configuration window accessed from the "List of strategies" block. Keep in mind that the changes take effect only after stopping and then restarting the strategy. If the strategy is restarted after executing a buy order and placing a sell order, it might deviate from the plan and potentially result in losses. We advise adjusting the settings only for strategies that haven't executed buy orders yet.
Stop-loss
To minimize the risks in all types of trading strategies, it is possible to set up a stop-loss.
Standby mode
All strategies have a standby mode. In this mode, they don't place buy orders (and reserve a deposit) until the start trigger. The strategy "wakes up" (places orders) when the market price reaches the required level (start trigger). The strategy goes into standby mode again If the market price rises above the trigger level. It allows running a great number of strategies with different settings. All of them use the nearest trading possibility with 100% of the available deposit. The user's trading can be carried out literally in automatic mode.
Strategies' features:
- Strategies stop their work and don't place orders if at the moment of wake up there is no available deposit on the account balance equal to the amount allocated to them. Except for the squeeze strategy that continues to work with the "trailing up" function.
- No standby mode till the strategy executes placed sell order.
- Our recommendation to users is to specify the coordinates of the line on small timeframes (TF) (1m, 5m) due to line shift on different TF on the chart. Strategies take data from the minute TF.
- While strategy is active, do not trade on other terminals on this symbol and do not convert small balance to BNB.
- To avoid unplanned purchases turn off BNB auto-buy option (in the portfolio section) when trading the BNB asset or trading altcoins to BNB.
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