The entry mode, when creating a new smart trade, can be defined as market entry, market entry in range, DCA limit and Advanced DCA.
What are the differences?
This immediately places a market order for entry into the trade when the price is within a specified range. A risk warning is provided, advising signal providers or lead traders with a high number of users to avoid plain market orders due to potential uneven PnL across investors and entry price surpassing target 1 for some investors.
Market entry in range:
- With this option, the trade is entered when the price is within a specified range. If the price is outside the range, it will monitor for 48 hours and place limit orders when there aren't enough offers in the range.
Calculation method: Allocation * (Investment recommendation/100)
DCA limit: This is an investment strategy that reduces the volatility of an initial investment into several smaller entries.
- This setting allows you to place 1 to 3 limit orders with custom investment distributions.
At the moment the signal is published, Anny automatically creates the LIMIT entry orders and they will remain open until the defined prices are reached and filled by the exchange.
Calculation method for each entry: Position size * the defined percentage.
Advanced DCA (Martingale): This strategy employs the Martingale technique, dynamically placing orders when the price drops. Learn more about this strategy by clicking here.