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Forwarded from CryptoClassics | cornix setup

You have often asked what settings are better to use on the client-side, and these are "Entry Strategy" and "trailing take profit"

You can read about it in more detail here (https://cornix.zendesk.com/hc/en-us/categories/360003718033-Configuration) and we strongly recommend you to read it.

All these settings will influence your deals in a certain way and from time to time the combination you have chosen will increase or decrease the profit or loss of the deals, but in general, you will not be able to influence the essence of the deal.

So the essence of trade involves a range for opening a position, for example, buying a coin from $50 to $60. In terms of the trade it doesn't matter if you buy at $50, $55, or $60, but as you understand, the cheaper you buy the coin, the more profit you can make if the trade is successful.

So you can buy a part of the position at $60, another part at $55, and another part at $50, all of which the bot allows you to do.

But keep in mind, when you are given a range - it does not mean that the price will necessarily go down to $50 (the lowest value), so if you set in your settings at $60 to buy 10% of a position, at $55 to buy another 10% and expect to buy at the most interesting price of $50 at %80, in case the price never goes down to $50 - your position will be too small, and thus the profit in case of success will be insignificant.

Let's go over the examples again...

Your entire deposit is $10,000.

Based on the risks you will not enter into one position for more than $1000

You see a recommended buying range of $50 to $60. You immediately entered a trade at $60 for the entire $1000 - everything is fine you bought 16.6 coins and expect to sell them at $100 if successful you will earn $660 in case the stop is hit - you will lose $100 (ALWAYS NOT MORE than 1% of your entire deposit)

But if you, say, split your entry into two parts inside the recommended range, for example, buy 8.3 coins at $60 ($500) and buy 10 coins at $50 (another $500), you would have 18.33 coins in total, which means you will earn $830 in case of success, but in case the price never reached $50, your position would only have 8.3 coins, which means only $330 profit

As you can see, you can make more profit, as well as less. The options for these settings are left up to you.

Our recommendation is any price from a given range, so you can buy like in the example for the whole $1000 at $60 and it will be ok.

Now let's move on to 'take profit'

You have three targets where you will take profits, which is the exact value in the recommendation, i.e. without the 'trailing take profit' option, but you can use 'trailing take profit' how it works you can find out and see here (https://cornix.zendesk.com/hc/en-us/articles/360046810734-Trailing-Take-Profit)

This setting allows you, as with the range, to earn more or less. You will find a video at the link, so you won't need examples here.

I hope this was helpful to you.

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