Contract Martingale Parameters

Creation Modes
In BITOY Contract Martin Gale Trading, you can opt for either manual creation or smart creation modes.

Manual Creation: This method suits experienced investors. Parameters can be set based on personal market judgment, providing flexibility to adjust investment amount and buying pace according to market conditions.

Smart Creation: For regular users, it's advisable to choose smart creation. The system considers historical market data and asset volatility, utilizing BITOY's AI algorithm to calculate and suggest reliable investment references, including investment amount and buying pace.
Trading Direction, Leverage, Trading Cycle, and Cycle Profit

In Contract Martin Gale Trading, you must clarify the following concepts and set corresponding parameters:
Trading Direction (Long/Short): Opt for buying and going long with the DCA robot, which purchases cryptocurrencies based on market conditions and sells when the price reaches the take-profit target. Alternatively, selecting the sell and go short DCA robot involves selling when the price rises and repurchasing when it falls.
Leverage: Applies to both initial and additional orders. Set a fixed leverage multiplier for the entire trading cycle. Currently, Contract Martin Gale strategy supports leverages up to 20x, suitable for high-risk speculative investors.

Trading Cycle and Profit per Cycle:
*Trading Cycle encompasses the complete process from buying to selling in one trade, including initial order, additional orders, and take-profit orders.
*Initial order is the first purchase order; additional orders lower the average purchase cost.
*Take-profit order is the last sell order within the trading cycle.
*Profit per cycle is the targeted percentage of profit within a full trading cycle, specified in the settings window.

Note:
A full trading cycle must have at least one initial order and one take-profit order.
More executed additional orders result in a lower average purchase cost within the trading cycle.
Single-Take Profit Target and Take-Profit Price
The single-take profit target signifies the percentage of profit aimed for within a full trading cycle.
For instance, setting a 10% profit percentage. If no additional orders are made within the trading cycle, when the Bitcoin price rises to $11,000, the system automatically triggers a sell order to achieve the set 10% profit target. However, if additional orders are made, the average purchase cost decreases, causing the take-profit price to dynamically adjust and decrease as well. In this case, once the 10% target is reached, the system automatically triggers the take-profit order.

The detailed calculation formula is as follows:
Long Position:
Take-Profit Price = Current Cycle Average Holding Cost x (1 + Single-Take Profit Target)
Short Position:
Take-Profit Price = Current Cycle Average Holding Cost x (1 - Single-Take Profit Target)
The Martin Gale strategy enables dynamic take-profit targets, combining user expectations with real-time market trends for early profit-taking. It's crucial to note that when the system triggers the take-profit price and automatically executes the sell order, the current trading cycle ends, entering the next one directly.
Setting Stop-Loss for the Strategy
In Contract Martin Gale Trading, set stop-loss based on market volatility and risk tolerance. When the average cost falls to the stop-loss target, it triggers a market order to sell, immediately stopping the strategy to achieve timely stop-loss objectives.
The detailed calculation formula is as follows:
Long Position:
Stop-Loss Price = Initial Order Execution Price x (1 - Stop-Loss Percentage)
Short Position:
Stop-Loss Price = Initial Order Execution Price x (1 + Stop-Loss Percentage)
Conditions for Triggering Contract Martin Gale Strategy
The Contract Martin Gale strategy triggers when the latest market price surpasses or falls below the set trigger price. If no choice is made, it defaults to immediate triggering.
In immediate triggering mode, after choosing to create the Martin Gale strategy, the trader immediately starts a new trading cycle, initiating the execution of the initial order and gradually completing subsequent additional orders according to parameter settings until the final sell order is executed.

Please Note:
After creating the Contract Martin Gale strategy, funds allocated for the strategy are segregated from your wallet account and solely used for Contract Martin Gale strategy operations.
Due to the volatile nature of market prices, continuous price movements in the opposite direction may occur, resulting in floating losses on held positions and potential liquidation risks. It is strongly recommended to set reasonable stop-loss prices based on market conditions when creating the strategy to minimize losses in unfavorable market movements.
During the operation of the Contract Martin Gale strategy, if unexpected events such as coin halts or delistings occur, the strategy automatically ceases execution to protect investor funds.

Risk Warning:
Contract trading involves a higher level of risk and may result in significant profits or losses. Past profits do not guarantee future returns. In extreme market price fluctuations, it is possible to have your entire margin balance liquidated. Please note that BITOY will not be responsible for any losses you may incur. Before participating in contract trading, ensure you fully understand the associated risks and implement appropriate risk management measures.