General configuration options are configurable properties that must be defined for each strategy type.
Config Name
Represents the name of your new automated strategy. Best config names are short and to the point, or reference Norse gods.
Base Currency
This is the currency that the strategy will use for trading. Note that this could have a significant impact on your algo trading strategy. Choosing a base currency that does not support a wide range of pairs can limit your trading opportunities. For instance, USDT pairs with most assets while ETH does not.
Order Amount
This represents the maximum spendable amount for a single trade, in the current strategy. Note that this is directly related to the Base Currency. For instance, selecting USDT as Base Currency and an Order Amount of 50 means each trade would be 50 USDT in size. Changing Base Currency to ETH means you will need to adjust the Order Amount, unless you intend to place 50 ETH trades.
Max Orders
The maximum number of open positions at any given time. Once the limit has been reached, your algorithm must first close a position before placing a new one. Note that this option can have significant implications over the profitability of your strategy.
Volatility Cooloff
The amount of time, in seconds, that needs to pass before your strategy re-buys the same asset. For instance, if your strategy has just bought Bitcoin and the signals indicate another buy within 5 seconds a Volatility Cooloff of 20 will ensure that new signals are only taken into account after the 20 second mark.
Excluded Fiats
A list of Fiat Pairs that you wish you exclude.
Take Profit
The increase in % at which you strategy will automatically close an active trade and take profit. This must be a positive number higher than 0.
Stop Loss
The decrease in % at which you strategy will automatically close an active trade and stop its loss. This must be a positive number higher than 0.
Trailing Stop Loss / Take Profit
If enabled, this will change the behaviour of the Stop Loss and Take Profit options. A Trailing Take Profit represents a threshold at which both the Trailing Stop Loss and Trailing Take Profit move up. Similar to a pincer, around the current price.
For instance, if the current price of Bitcoins sits at $20.000, a Trailing TP of 10% means that the price would need to go up by at least 10% before the Trailing Stop Loss is moved up by its own value, in %. This approach continues to move the Trailing SL and TP up, and follows the price so long as it's on the rise, maximising gains. Once the price begins to fall, it needs to fall by at least the same amount as the Trailing SL in % in order to close.