Goal based account balance SL/TP for DCA multipair bots.
Jennalyn Armas
- ghas-sv
I suggest the implementation of dynamic goal-based trading, encompassing the following functionalities:
Dynamic Profit Goals: Allow users to set dynamic profit goals that adapt as the account balance increases. For instance, if the initial balance is $100, and the global profit goal is 10%, when the balance reaches $110, all active trades should either add trailing stop-losses or regular stop-losses to secure profits. Subsequently, the new goal would be 10% of $110, i.e., $121, and so on.
Dynamic Loss Goals: Similarly, enable users to set dynamic loss goals. If the account balance drops by a user-defined percentage (e.g., 5%, resulting in a total balance of $95), the platform should apply stop-losses to all trades or those that are bellow some trashold (e.g., 3% in loss). Users should be able to define different trailing stop-loss percentages for profit-taking and loss prevention.