Channel strategy

Modified on Wed, 20 Dec, 2023 at 9:22 PM

The strategy buys and then sells within a horizontal channel at the specified price levels. It is ideal for working with "Satoshi" coins because it allows the user to quickly take a queue in the order book. Before setting up the strategy, necessary to analyze the coin for being in a certain horizontal channel.

Start

Open the "Strategy" menu on the chart and click the "Channel" button:

Set main parameters: It is recommended to use the limit indicators on the chart (to prevent errors when filling in prices):

1. Allocated volume;

2. Sell and Buy levels, trigger for strategy activation;

3. Stop loss (SL) and timer for strategy halt if no activation occurs (read more);

4. auto restart (optional): reuse/collect.

Click ''Create'' button.

How it works

1. The strategy places a buy order at the defined price level. In the case of an active start trigger, the strategy places a buy order only after the start trigger level is touched.

2. After the buy order execution, the strategy places a sell order at the specified level.

3. When the sale order is executed, the strategy places a buy order again (provided that the auto restart is active).

4. The start with the ''Reuse'' option means that the amount of the order increases by the amount of profit from the previous sale.

5. With the "Collect" option, when the amount of the buy order remains the same, the strategy collects profit in the coin selected from the symbol.

Types of orders:

Limit
Market (for stop loss)

The strategy stops:

After a sell order execution (without the ''Auto restart'' option).
Аfter the main stop loss (SL) is triggered (and a complete sell in case of a buy). If the additional stop (SL+) is triggered, the strategy will continue to work.
When the user stops the strategy.
Because of external interference with orders (for example, via the exchange).