Futures Martingale parameters explained
Bitget
2023-06-14 14:06
Futures Martingale glossary:
1. Futures Martingale: Futures Martingale is an automated strategy to buy the in batches at low price points and automatically sell them to make a profit when the market reverses and reaches an appropriate selling point. The Futures Martingale bot supports two-way transactions, meaning it can both go long and short to make a profit by leveraging potential market reversals.
2. Long Martingale: Suitable for a rebound market after a volatile decline where users can go bottom fishing in batches and sell the entire position at a high price.
3. Short Martingale: Suitable for a market reversal after a volatile rise where users can sell at the highes t price in batches and buy the entire position when the price falls.
4. AI: Users select the investment amount and buying intervals from parameters recommended by the system based on personal risk preferences. Note that the recommended parameters are based on market history and asset volatility, and are calculated using Bitget's backend algorithm. This algorithm is highly reliable and can be used as a trustworthy reference for traders
5. Manual mode: Users set parameters based on their personal preference and judgment of the market. This mode mainly applies to investors with rich trading experience.
Order parameters:
Bitget's Futures Martingale can be used in an infinite loop mode, meaning you can repeat the same actions in the next round after you buy at low prices in batches and then sell it to make a profit when the price reaches a desired level. The following parameters can be set for each round.
1. Price action (up/down): After the base order is filled, the first safety order will be placed once the price increases or drops by a certain amount or percentage. Users can input a percentage or a value in this field. The percentage represents the price change percentage as against the base order while the value represents a price difference as against the base order.
2. Target profit: When you have achieved your target profit after buying at low prices and seeing the market reverse, you will take profit at this point and sell your position.
3. Max safety orders: The max number of safety orders for a position (excluding the base order).
4. Base order size: The amount of your first order when opening a position. This value and the base order amount multiplier will affect the price of subsequent orders.
5. Leverage: The leverage used for Futures Martingale. The maximum leverage currently available is 125 times.
6. Trigger price: Futures Martingale will be enabled when the market price reaches this preset price.
7. Invested amount: The amount of cryptocurrency invested in this strategy. “Available” means the current maximum amount of this currency that can be transferred out of your trading account.
8. Take-profit reference: You can take profit when your tota l trading volume or your base order trading volume reaches the corresponding target profit.
9. Safety order price interval: Used to multiply the deviation percentage of the last safety order to calculate the deviation percentage of the new safety order. A higher value may lower capital utilization, but may cover a larger price movement.
10. Safety order multiplier: Used to multiply the trading value of the last order. For example, if the multiplier is 1.5, the new safety order amount will be 1.5 times the amount of the last safety order, and so on.
11. Target loss: The price of the last stop-loss order.
12. Cycles: The number of cycles the bot will run to take profit. For example, if the number of cycles is set to 5, then the bot stops after it takes profit for the fifth time. If set to infinite loop, the bot will run in perpetuity as long as there are sufficient funds.
13. Investment: The total amount invested by the Martingale AI.
14. Available funds: Capital in the account available for futures Martingale trading.
15. Estimated liquidation price (Long): It is the estimated liquidation price when all long orders are filled, or a maximum number of long positions are opened.
16. Estimated liquidation price (Short): It is the estimated liquidation price when all short orders are filled, or a maximum number of short positions are opened.
17. (Order parameters) Estimated liquidation price: The estimated liquidation price for the current position.
18. (Order parameters) Actual leverage: The actual margin trading risk of the current position. Actual leverage = Position value / Strategy account equity.
PnL parameters:
1. Total profit: Total profit earned from the time the Martingale bot started running. Total profit = Martingale profit + Floating PnL.
2. Martingale profit: The accumulated realized PnL generated by futures Martingale in each round - Transaction fee.
3. Floating PnL: The floating profit and loss due to the rise or fall of the base currency of the current trade pair. It refers to the price change (%) of the last price of the base currency in the trading pair as against its average buying price. Floating PnL: (Current price - Average buying price) × Current position
4. APY: Total profits / initial margin / number of days of operation × 365
Disclaimer
Futures Martingale is a transaction tool. The above-mentioned information should not be considered as financial or investment advice from Bitget. Profits fro m futures Martingale may be impacted by one-sided market conditions or improper price intervals. You can adjust your futures Martingale bots according to market conditions.
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