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Strategy Logic and Settings: A Beginner's Guide

Let’s dive into creating your first strategy! As mentioned in the basics for the trading logic, here you define what nuxBot should do for you.

Purchase Criteria (xEMA)

You can instruct nuxBot to buy only when the price is below a certain EMA (e.g., 16 EMA). Additional confirming indicators, such as RSI, ADX, and Stoch, can also be used to adjust the buying criteria. For example, activate RSI in the Indicators & ATR Trailing tab and enter your desired RSI buy level and length.

Example of Purchase Criteria

  • RSI Buy Level: Purchase if RSI falls below 30.
  • RSI Length: The number of candles used to calculate RSI.

Dollar Cost Averaging (DCA)

DCA is used to make additional purchases as the price declines, allowing you to achieve a lower average price per unit. Click here to learn more about setting up DCA.

ATR-T (ATR-Trailing)

ATR-T is used to identify better entry and exit points. It allows for a lower entry price when buying and higher profits when selling. Click here to learn more about setting up ATR-T.

ATR-Trailing Explanation

Sell Criteria and Stop Loss

Sell Criteria

You can direct nuxBot to sell at a specific profit percentage (e.g., 1% profit). Other indicators like ADX, Stoch, and RSI can also adjust the sell criteria.

Stop Loss (SL)

SL activates only if the entire trade is at a certain loss percentage (e.g., -x%). Everything is sold at a loss if SL is triggered. To avoid taking losses, deactivate SL. Click here to learn more about setting up Stop Loss.

Note

Ensure you save your settings to apply changes immediately.