Trading bot - a set of instructions sent to the cryptocurrency exchange via software to execute trades.
Access Point - a connection to the exchange that allows TradeSanta software to execute the strategies you set on the connected exchange. To set up an access point you need to generate API keys on your crypto exchange.
API key - unique identifier generated by your exchange that allows you to trade via other software.
DCA (Dollar Cost Averaging) - trading strategy where the bot places the first buy order followed by extra (buy) orders if the price goes into the opposite direction of the strategy chosen. Only one take profit order is placed for all the volume purchased before. The price of take profit and the volume are recalculated with every new buy order.
Grid -trading strategy where the crypto bot places the first buy order and buys more coins with extra orders if the price goes down, just like DCA. The main difference is that the Grid bot places Sell order for each order instead of one for all purchases in DCA.
Current Market Price - the cryptocurrency pair’s current rate at the exchange you selected.
Your balance - the deposit of the coin needed for the first order on your exchange account.
Dynamics - The change of the selected trade pairs rate over the past 24h in %.
Volatility - the assets change in 24 in % from the lowest price of the highest price
TakeProfit (%)- defines how much profit you want to make when selling the coins you bought set in % to the order volume.
Step of Extra Order (%)- indicates by what percent should the price drop for the extra order to be executed in case of the long strategy and vice versa for the short strategy.
Max Count of Extra Orders (%)- Maximum number of extra orders the DCA bot can execute within one cycle. This parameter multiplies this number by the volume of extra orders and adds first order volume, and you will get the total sum the trading bot can invest in buying the coin.
Order Volume Number - of coins the crypto trading bot will buy at the start. The amount is set in quote currency (second currency of the pair) for the long strategy and base currency for the short strategy.
Min order volume - minimum amount of coins allowed to be traded on the exchange. Usually the equivalent of $11 is enough.
Max number of cycles - is the number of successful deals after which the crypto bot turns off and stops trading until you launch it again.
Martingale - increases the volume of each extra order by a coefficient from 1.05 to 2 to regain the value lost. Note, the option is of high risk and is advised only for experienced traders.
Max order price - the price above which trading bot won’t start a new cycle.
Stop Loss - will be activated when your loss in the current deal reaches the value you set in settings.
MACD - Bot will search for an optimal entry point based on Moving Average Convergence Divergence (MACD) of a trading pair for the past 100 minutes. MACD is an indicator used to confirm the trend.
RSI - TradeSanta's bot will find an entry point based on RSI of a trading pair for the past 100 minutes. Relative Strength Index (RSI) is a momentum indicator signalling if the stock is oversold or overbought.
Bollinger signal - Santa's crypto bot will search for an optimal entry point based on the Bollinger bands of a trading pair for the past 1.5 hours on a 5-minute timeframe. Read more
Unsold volume - is the total value of your position in base currency. It equals the sum of First order and Extra Orders you’re currently holding for which Sell orders haven’t been executed.
Realised profit - is the profit you received after sell orders were executed for the whole cycle.
Unrealised profit/loss (liquidation profit/loss) - shows you how much you will gain or lose from the total investment you made in this cycle if you exit the position right now. Unrealised profit/loss is calculated as realised profit gained during bots operation + (quote you will receive if you sell coins now - quote you spent initially on buying those coins at the time of purchase) - trading fee.
Position - the number of coins you’re holding that the trading bot is waiting to sell or buy back to make a profit.
Long strategy - the strategy in which crypto bot buys the coin and sells it later at a higher price to make profit. Read more [link long vs short]
Short strategy - the strategy in which bot sells the coin and buys it later at a lower price to make profit. Read more [link long vs short]
Stop Loss - set the amount of coins at which cryptocurrency bot will exit the deal to fix the loss.
Take Profit order - the order placed to take the profit by selling coins in long strategy and buying back in short strategy.
Extra order - the order the bot places if the price goes contrary to the bot’s chosen strategy (long or short). For example, if you have a long strategy and the price of the coin goes down, it will buy more coins. In case of short strategy the crypto trading bot will sell more coins (read more here).
Force Close - bot action where the bot sells the positions and closes the current deal. In this case Profit/Loss will equal to unrealized profit/loss.
Market Price - the price at which the crypto asset is traded on the exchange right now.
Trading View - a service providing a set of instruments and indicators to conduct technical analysis on different kind of assets.