The Group's Trading Configuration in Cornix allows the group's admin to define specific settings for how signals are managed and executed within the channel. This includes defining the signal amount per trade, trailing, entry, and take profit strategies.
Accessing the Trading Configuration
Navigate to the Bot's Admin Panel.
Go to Groups and select the desired group.
Click on Trading Configuration.
Choose between Leverage or Non-Leverage Exchanges.
While both Leverage and Non-Leverage setups have similar contents, they are designed for distinct strategies, ensuring that different signal types are handled appropriately.
Default and Custom Configurations
Default Settings
Initially, all new channels use the User’s configuration. This means trades are executed based on each user's settings.
Custom Settings
As an admin, you have the flexibility to set some basic parameters into your signals as default and they will be applied to the user's trades unless defined otherwise by the users in their configuration (Signal Bot):
Trailing
The trailing section allows you to set the default trailing entry, take-profit, and stop values:
Strategy
Cornix offers a variety of different Entry and Take-Profit strategies by default, but you can also create custom strategies. The strategies section allows setting:
Entry Strategy - will determine the percentage of the trade amount that will be bought for each Entry target.
Entry Zone - set the default number of targets to be used when a signal is posted with an entry zone instead of targets with specific prices.
Take-profit Strategy - will determine the percentage of the trade amount that will be sold for each Take Profit target.
Amount Per Trade
The Amount per Trade can be configured based on one of the following options and is limited to up to 5% for both options:
Percentage
The percentage option will take a flat-out percentage out of your account's both available and open trades amount of the coin/contract that you are buying with.
For example, let's say you have a portfolio of 1 ETH and 1000 USDT (500 available USDT and 500 USDT in use in open trades).
If you open a trade for a pair in which USDT is the coin that you will buy with and choose to use a 10% amount per trade, then the bot will open a trade in size of 100 USDT (10% out of your total USDT portfolio amounts - both available and in use in open trades).
Risk Percentage
Risk Percentage will enable you to use, in each trade, the amount you are willing to risk out of the traded coin portfolio value. If you hit your stop-loss, you will lose the amount that is equal to the percentage that you chose to risk out of your traded pair portfolio value. This method can be used for effective risk management.
It takes into consideration the potential loss of the trade (the distance from the entry price to the stop-loss price), then calculates the number of coins\contracts to be used in the trade. (Read more).