Feature Breakdown:
1. Enable Break-Even DCA:
A simple checkbox to enable the combined strategy. This would activate both the break-even and DCA functions for a trade.
2. Break-Even Trigger:
Specify a percentage at which your stop-loss moves to your entry price, allowing you to break-even and reduce risk.
3. DCA Range & Orders:
Same as the existing DCA setup. You choose the range in percent for placing additional orders based on your entry price, along with the number of scaling orders you'd like.
4. Order Size Split:
Just as in current DCA, the order size would split evenly between the initial order and any DCA orders.
5. Smart DCA after Break-Even:
Upon hitting the break-even trigger, remaining DCA orders are either canceled or adjusted to the new break-even level. This essentially recalibrates the DCA strategy with reduced risk.
6. Order Type Flexibility:
Allows users to mix and match market and limit orders for both initial and DCA entries.
How It Works:
You enable "Auto Break-Even DCA" and configure your settings.
The initial order goes through, and DCA orders get set up based on that entry point.
When the price moves favorably to hit the break-even trigger, your stop-loss is automatically adjusted to the entry point.
Optionally, DCA orders then get adjusted to align with the new break-even level, thus reducing your risk but keeping the scaling potential alive.
The benefit of combining these two strategies is immense: you get the scaling advantage of DCA and the safety of a break-even strategy. It makes trading more flexible and risk-controlled, whether you're into scalping, swing trading, or any other strategy.
Would love to hear your thoughts and, of course, feel free to upvote if you find this feature useful!
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In review
💡 Feature Request
Over 2 years ago

Redfield
Get notified by email when there are changes.
In review
💡 Feature Request
Over 2 years ago

Redfield
Get notified by email when there are changes.