Let’s say, the current price of a coin is 29$. I believe that it will go down to 20$. Now, what should be the ‘trigger price’ and what should be the ‘trigger percentage’?

Does ‘trigger price’ mean ‘expected price’?

Answer

Trigger price means the bot will start once market price hit this trigger price. It will trigger the bot to run

If you put it 10% with trigger price 8k, you’ll be expected to buy at 8800 or lower

Related posts:

  1. What Trailing percent means? Is it mean the upper price is 10% above the trigger for example? 10% of what range? 10% from the range between highest price and trigger price?
  2. If I set trigger price in grid bot, does it mean it will only buy when it hits the trigger price?
  3. when grid bot is created for long position say ada for range 1.2 to 1.4 with 20 Grids and current price say is 1.25 would system buy Ada for all grids between 1.25 and 1.40?
  4. When grid bot is created for long position say ada for range 1.2 to 1.4 with 20 Grids and current price say is 1.25 would system buy Ada for all grids between 1.25 and 1.40?
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  7. Can we get a % setting for the DCA bot? So when any coin drops by a certain percentage it will buy whatever amount or percentage you want
  8. Say a standard gird bot is currently making you profit and is price is above entry price. Assuming the price is gonna drop below entry price, would there be any merit to stoppinddg the bot and remaking one below your initial entry price?
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