Hi,
Im trying to understand the benifit of the Combo bot, I understand that each DCA level hit the combo bot will create a new grid and this continues until all DCA levels are hit.
However, it looks to me like a DCA bot with multi take profits and if i would use a large volume scale to bring down the average price the TP’s will hit and a new deal can start.
Please share why a combo bot would be a better solution than the above DCA?
Thanks for sharing the insights.
Consider a long Combo deal as a set of separate long deals that have multiple take profit steps.
The base grid buys its funds in advance and executes multiple take profits on its way to the top level of the grid. As soon the price starts to move sideways within the grid, it acts like a usual grid bot for those revisited levels. As soon as the configured take profit or stop loss is reached, the Combo deal gets closed.
The so called DCA minigrids can either start from top to bottom acting like a usual grid in the current DCA range. Or they wait until the DCA level is reached and start from there as the base grid did it on its level. Once the top level is passed the DCA grid gets closed. Or if the total Combo deal reached either stop loss or take profit the Combo deal gets closed.
The average entry price of the deal gets averaged by the grid profits as the funds of open DCA steps are removed from the deal before the average price can be reached.
According to your Combo bot configuration you can either have one or more Combo deals for a pair. If a Combo deal gets closed, there will be a new slot for the next Combo deal.
It’s up to you to decide whether you prefer Combo or DCA deals though.