WhaleTail

Automated Crypto Trade Strategies: A Comprehensive Guide

Tags:
advanced strategiesautomated tradingbundlingcryptocrypto strategytrade automation

What Are Crypto Trade Strategies?

Crypto trade strategies enable you to bundle multiple trades and scenarios for the same trading pair, automating their execution in a specific order.

For instance, you might want to automatically buy low 😉 and sell high 😁. Traditionally, this would require placing a trade, waiting for it to complete, and then placing another.

However, with whaletail, you can bundle these trades under one strategy and execute them in your desired sequence automatically.

How to Create a Crypto Trade Strategy

To get started, select New Strategy from the whaletail menu.

This will take you to the “New Strategy” screen.

The screen consists of:

  • Strategy Label Input: Add a descriptive label to easily identify your strategy in the strategies list.

  • Autocomplete Trade Selector: Use this to add existing trades to your strategy’s trade list. Once a trade is selected, it’s removed from the available trades list and added to your strategy’s trades.

  • Create & Add a New Trade: This button guides you through the new trade creation process. Once confirmed, the new trade is added to your strategy’s trades list.

In the trades list, you can:

  • Reorder trades by dragging them by their order number.
  • Disable trades by toggling the checkbox.
  • Edit trade properties by double-clicking the label.
  • Remove a trade permanently by clicking the “—” button.

Once your strategy is confirmed, it appears in the strategies list, ready for execution.

In the strategies list, you can:

  • Disable strategies by toggling the round checkbox.
  • Edit strategy labels or modify the trades by double-clicking the label.
  • Permanently remove a strategy by hovering over it and clicking the “—” button.

And that’s it!

Pretty simple, right?

If you find this tool helpful, feel free to share it with your friends.

Wishing you success in your trading journey and your path to becoming a WHALE!

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