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Algos - Buy / Sell Algo Execution

Setup guide for the Buy / Sell Algo

APEXE3HQ avatar
Written by APEXE3HQ
Updated over a week ago

The Buy / Sell algo will continuously buy and sell when relevant conditions are met.

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This Algo operates as follows:

  • Once created, it will wait for the buy condition to become valid

    • It will remain in the WAITING TO BUY mode until the buy condition becomes valid

    • Once the buy condition becomes valid and the algo successfully buys the unit amount, the algo will transition to the WAITING TO SELL mode

    • The algo will remain in the WAITING TO SELL mode until the sell condition becomes valid

    • Once the sell condition becomes valid and the algo successfully sells the unit amount, the algo will transition back to the WAITING TO BUY mode

  • The algo will continue to cycle between these modes until:

    • There is not enough balance to buy, at which point it will go into "IDLE" mode

    • It is manually put in to "IDLE" mode

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