To create new trade, start by clicking on the Plus button in the bottom right corner of the screen when viewing the Trades section of the app.
Figure 1: Click plus button to create new trade
Step 1 - Trade Creation Method
Start by choosing your desired method to create the trade. Similarly to the methods offered in the Telegram bot, Cornix currently offers two methods to create a trade - Free text and Manual (called Guided in the Telegram bot).
Figure 2: Trade creation methods
The free text option will allow you to provide the trade details using a single message. In some cases, the free text method might be significantly faster than the manual one, especially when creating a trade with specific target prices as opposed to spreading targets with equal distanced between them in a price range For more information about the free text trade creation method visit this article.
To change the trade creation method, simply click on the desired method. Pressing on the Free Text input box will also change the method to the Free Text method. When Selecting the Free Text method, make sure to provide the full trade message according to the guidelines provided in the article mentioned above.
Figure 3: Change method selection by clicking on it
Step 2 - Choose symbol (applies only for Manual trade creation)
Start by choosing the symbol to use for the trade. Continue to select a symbol from the list or type in a symbol in the search box to search for your desired symbol:
Figure 4: Type in symbol name to search for it
Please note that you can search for the symbol by the coin name, by pair, or by full symbol name. When entering a symbol name, you can ignore the upper case and omit the separator between the coin name and pair name (so searching for "adabtc"or "ada btc" will still find ADA/BTC).
Step 3 - Choose account
Select the account to create the trade from your list of available accounts. Some of the accounts might be greyed out in cases where the symbol is not available for trading in the exchange that corresponds to that account.
Figure 5: Choose account
In some cases, you might get a warning when selecting an account that is not greyed out. This might happen when the available pair amount in the selected account is lower than the minimum you can create an order on in the exchange.
Step 4 - Choose Trade General Details
In this step you will be asked to provide the general trade details:
Figure 6: General info tab
To modify one of the parameters in this screen simply tap on the corresponding row. Below you will find a description of each of the different parameters you will find in this screen.
New Amount - By default, when this screen first opens the New Amount section will be opened. The Net Amount is the amount that will be used to create the trade's entry targets. The selected amount will be divided between the pending entry targets according to the amount percentages for each target.
By default, the New Amount initial default value will correspond to the default Amount per Trade parameter from the selected client's trading configuration. In some cases, the exact value from the configuration might correspond to a quantity that is invalid in the exchange. In those cases, the value will be modified slightly to make the corresponding quantity valid.
Figure 7: New Amount section, original amount percentage was modified
You will be able to change the trade's new amount either by entering the exact amount or by specifying a percentage of the client's available amount. To toggle between an exact amount and a percentage just tap on the corresponding value.
Figure 8: Tap the left or right value to switch between exact amount and percentage
Please remember to enter an amount between the minimum and maximum that is listed in the text below the slider.
For more information about the Amount per Trade trading configuration that will determine the default amount that will be set for every new trade you create, please visit this article.
Existing Amount - If you have existing coins from the trade's symbol, you will have the option to select an existing amount to use in the trade. The existing amount selected for the trade will be immediately divided between the pending take-profit targets. The selected existing amount will be displayed in the order page in a separate sub-section under the Entries section.
Figure 9: Existing Amount selection
Similar to the New Amount, you will be able to change the trade's new amount either by entering the exact amount or by specifying a percentage of the client's available amount. To toggle between an exact amount and a percentage just tap on the corresponding value.
Leverage - This option will only be visible when creating a trade in an exchange that offers leverage.
The leverage section will allow you to choose the leverage type between Isolated and Cross leverage, and to choose the leverage value.
Figure 10: Leverage selection
Similar to the trade new amount, this value will be determined according to the default value from the account's trading configuration.
Long/Short - This option will only be visible when creating a trade in an exchange that offers leverage.
The Long/Short section will allow you to choose the trade position type between long and short.
Figure 11: Short/Long selection
Trade Type - This section will let you choose the trade type between a regular trade and a breakout trade.
Figure 12: Trade type selection
Cancel on First Target Reached - This option will determine whether or not the trade will close if the first take-profit target is reached before any of the entry targets are reached.
Figure 13: Cancel on First Target Reached selection
This value will be populated by default according to the value set configured in the account's trading configuration. For more information about this parameter visit this article.
Step 4 - Select Order Details
On the orders page, you will be able to choose the order prices and amounts. By default, when you open the Orders tab some of the sections might be empty, depending on if the trade was created using the Free Text method and if the client's trading configuration included a default step.
Figure 14: Orders tab
The quick setup functionality will allow you to quickly fill in entry and take-profit orders by selecting the number of targets, the prices zone and the strategy.
To add targets using the Quick Setup functionality, start by clicking the Quick Setup button when the target section is empty, or click the Lightning icon if targets were already added.
Figure 15: Click the lightning icon to access Quick Setup
The process for adding targets using Quick Setup is identical for both entry and take-profit targets, so for the purposes of this tutorial we will demonstrate quick setup for entry targets.
After clicking the Quick Setup button, the following screen will be loaded:
Figure 16: Quick Setup screen
On the top of the screen, you will be able to choose the strategy, number of targets and price range for the targets. On the bottom half of the screen, you will see a preview of what the targets will look like before applying them to the actual trade.
Entry/Take-Profit Strategy - This parameter will let you choose the strategy that will be used to create the entry or take-profit targets. For more information about strategies, visit the following links:
By default, the strategy will be selected based on the client configuration.
Number of Targets - This parameter will let you choose the number of targets that will be created in the selected price range.
Price Range - This parameter will define the price range for the targets. When choosing a price range, the selected number of targets will be spread in the price range such that one target will be placed at the top of the price range, one target will be placed at the bottom of the price range, and the rest of will be spread in the price range with equal distances between them.
The app currently offers two method to insert a price range. The first one can be accessed by clicking either the left (minimum) or right (maximum) values in the price range. Clicking these values will open a keyboard which will allow you to manually input a price.
Figure 17: Click on the minimum or maximum fields to type in value
The second method can be accessed by clicking the arrows icon next to the Price Range text.
Figure 18: Click the arrows icon to open the prices scroll wheel
Clicking this icon will open two scroll bars that will allow you to scroll prices until you reach your desired minimum and maximum prices.
Figure 19: Price range scroll wheel
Once you are done changing the quick setup parameters to your liking, click the Build Orders button on the bottom to apply the targets to the trade.
To add a target, click on one of the plus button in one of the Entry, Take-Profit or Stop sections. The added targets will always have the current price applied and a ratio of 0. You will need to manually edit the added targets to make them valid.
To edit a target, click on the input field and type in your desired value.
In the case of target prices, the app currently offers two method to change a target price. The first one can be accessed by clicking the price input field and manually inserting a price.
Figure 20: Click price input to insert price manually
The second method can be accessed by clicking the arrows icon next to the price input.
Figure 21: Click arrows icon to open prices scroll wheel
Figure 22: Prices scroll wheel allows to select a price by scrolling
To delete a target, simply click on the X button on the right of the target you wish you delete.
Figure 23: Click the X button to delete a target
Step 5 - Choose Trailing Configuration
In this section you will be able to select the trailing configuration, including trailing entry, trailing take-profit and trailing stop.
Figure 24: Trailing configuration tab
Trailing Entry - To edit the trade's trailing entry configuration, simply click on the Trailing Entry row and proceed to select your desired value.
Figure 25: Trailing entry selection
For more information about the trailing entry trade configuration visit this article.
Trailing Take-Profit - To edit the trade's trailing take-profit configuration, simply click on the Trailing Entry row and proceed to select your desired value.
Figure 26: Trailing take-profit selection
For more information about the trailing take-profit trade configuration visit this article.
Trailing Stop - To edit the trade's trailing entry configuration, simply click on the Trailing Stop row and proceed to select your desired values for the trailing stop type, trigger and percent (only applies for Percent Below Highest and Percent Below Triggers trailing stop types).
Figure 27: Trailing stop selection
For more information about the trailing stop-loss configuration visit this article.
Step 5 - Resolve Issues
If the trade is invalid, you will see a warning on the bottom of the screen that there are issues that need to be resolved before the trade can be created. Proceed to click the Show Issues button to view the current list of warning that need to be resolved.
Figure 28: Click Show Issues button to display warnings
In the above example, the sum of the Entry targets does not sum to 100% and as you can see a warning is displayed that 1 unresolved issue is pending. After clicking the Show Issues button in this example, the warning will be displayed.
Figure 29: Example of entries issues
Since the issue where the sum of the targets does not equal 100% is very common, we added a quick way to resolve the issue for your convenience. Clicking the resolve button for this issue will redistribute the ratios according to the original ratio between the targets such that the sum of targets will be 100% and valid. After clicking the resolve button and confirming the change, the trade in the above example will look as follows:
Figure 30: Trade after resolving ratio issue
As you can see, the entry target ratios were modified so their sum now equals 100%. In addition, the ratio between the targets was maintained with the second entry target twice as big as the first entry target.
Step 5 - Confirm Trade
Once you're done filling in all the trade details and solve all the warnings, the Confirm button should be visible on the bottom of the screen.
Figure 31: Click Confirm button to create a trade
Click the Confirm button to create the trade. If the trade is successfully created, you will receive a notification that the trade was created and you will be redirected to the Trades section where the new trade should be visible.