Channel vs. Personal
'Channel'
While the 'Channel' toggle is enabled, the specified Entries configuration for each trade will be determined dynamically based on the signal and channel settings.
'Personal'
Configure your own Entry strategy by choosing the 'Personal' option. You can override the signal's entry orders ratios, prices, number of orders, number of active orders, trailing entry, and enable the 'First Entry as Market' feature.
'Only use if not defined by group'
Selecting the "Only use if not defined by group" checkbox will enable the chosen parameter value only when the parameter is not specified in the group configuration or in the posted signal. If the parameter is defined in the signal or group configuration, the bot will use the value defined by the signal or the group configuration.
Entries Ratios
Built-in
Evenly Divided
Evenly allocates the trade amount among multiple entry targets, ensuring an equal distribution of funds. For example - on a trade with 4 targets, each order will get 25% of the trade's funds.
Decreasing Exponential
Starting with the highest-priced entry target, each subsequent target receives half the amount of the previous one, creating a descending distribution.
For example, in a trade with 4 entry targets, the first target gets 53.333% of the trade amount, the second target 26.666%, the third target 13.333%, and the last, with the lowest price, gets 6.666%. The total sum is always 100%.
Increasing Exponential
Starting with the highest-priced entry target, each subsequent target receives twice the amount of the previous one, creating an ascending distribution.
For example, with 4 entry targets, the first target gets 6.666% of the trade amount, the second gets 13.333% (double the amount of the previous target), the third target 26.666%, and the last, with the lowest price, gets 53.333%, ensuring a total of 100%.
Custom
In the custom strategy, you have the flexibility to personally design how the trade amount is distributed among the entry targets, tailoring the allocation to your specific preferences and trading approach.
DCA
First Entry Amount:
When enabled, you can set a specific amount to be allocated for the first entry order, defined as a percentage of the total trade amount. If disabled, the allocation for the first order will be set based on the same parameters as all other entry orders as follows.
Amount Scale:
Determines the multiplier between each subsequent entry order and sets the ratio between orders based on the amount invested in each one. For example, for an amount scale of 2, if the total trade amount is $70 and the number of orders is 3, then the orders amounts will be $10, $20, and $40 respectively.
Entries Prices
The 'Price Difference' and 'Price Scale' parameters play a crucial role in determining the orders' prices:
Price Difference
This parameter sets the variance between the first and the second entry orders. The second entry order's price is set to be the first entry price minus the percentage specified as the price difference.
For example, if the first entry price is 100 and the price difference is 1%, the three initial entry orders will be placed at 100, 99 (100 - 100*1%), and 98.01 (99 - 99*1%).
Price Scale
This parameter sets the price difference multiplier from the second entry order onward. It influences subsequent orders' prices.
For example, if the first entry price is 100, the price difference is 1%, and the price scale is 2, the three initial entry orders will be placed at 100, 99 (100 - 100*1%), and 97.02 (99 - 99*1%*2).
Max Orders Price Difference
The maximum distance between the first order and the last order based on your settings.
Max Number of Orders
Determines the maximum number of potential entry orders the bot will place in each trade (up to 10 entry orders).
Trailing
The advanced trailing configuration allows you to set a conditional order that moves and follows the market price after the trigger price is reached. You can either leave it off, at the channel's discretion, or set your own trailing percentage.
If enabled, when an entry order reaches the order price, instead of executing the order as a regular limit order, the bot will create a trailing order that will trail above the minimum price that is reached by the specified percentage. Once the coin’s price rises back to the trailing price, the order will be executed and the coins will be purchased.
In some cases, the next entry target price can be reached while a trailing order is already active. When this happens, instead of creating a new trailing order, the bot will merge the amount of the new target with the existing trailing entry order that is already active. Learn more about trailing.
*In the case of Futures trades with leverage, the trailing percentage parameters will be adjusted (divided) by the trade’s leverage multiplier to keep the same effective percentage. The adjustment has a minimum threshold of 0.2%.
Learn more about Automated Configuration Leverage Adjustment.
First Entry as Market
The 'First Entry as Market' feature can help you avoid missing trades in automated trading, by allowing you to extend the first entry price range by a defined percentage. This becomes particularly useful in cases where the symbol price fluctuates around the entry range, and various factors such as sudden market activity or low liquidity might cause your entry order to be missed.
The 'First Entry as Market' can be activated when the signal entry price is reached, or immediately when the trade is opened. Cornix iteratively adjusts the first entry target price within the specified percentage, until the order is filled or the maximum price is reached. This extension of the potential entry price range increases the likelihood of capturing signals that have reached at least one entry target, minimizing the chances of missed trading opportunities. Learn more about First Entry as Market.