walbit

@ekin_ozek hey there, As you also mentioned that walbit is really aiming the regular people, not day traders or even real traders. The problem with utilizing DCA (Dollar Cost Averaging for the interested ones that don't know the abbreviation) is that it hedges a large sum of capital while the asset value is decreasing. The main aspect of DCA is decreasing the relative losses while the market is goes south on your trades. So, lets think it this way. You are allowing the bot with working a basic 100$ per trade with simple exit conditions like 4% stop loss. In the current aspect of the product this is pretty much better than utilizing a DCA like; Invest 100$ when %2 down, Invest 100$ more when %4 down, which means users capital is invested on the same downfalling asset and kept lock in there until the DCA conditions are met. We are thinking to have a DCA logic in the upcoming strategy builder, as it is a well-known and used technique for the day traders, but in the aspect of using our optimized strategies, we are not intending to implement it as a setup condition (such as stop loss or take profit). So, in short, when DCA will be available it will be a part of a strategy that is created by a user that knows what he is doing. I hope this pretty crowded explanation makes sense :) Have a nice day :)

@mustafa_yilmaz Sure it makes sense. DCA's are what most of the bot platforms offers, where buy condition is not even depend on any market condition or indicator. Just wondered if walbit offers DCA and Take Profit for exit condition

@ekin_ozek take profit is an exit condition feature that we have. Currently in walbit, when you are creating a setup (which we are calling for an instance of algotrading bot) you must define your exit conditions which might depend on strategy only, one sided strategy and other side a fixed % value for take profit and stop loss. We are working on implementing a trailing stop loss also, which might provide a better experience when a position goes south after being a good performant :)

@barlas_omur Thanks A lot :)

@fatih_cure hey there, Thanks for the comment and question. We are currently positioning walbit just for users with zero knowledge on trading, this was always our approach but after the development of our backtesting and decoupled trade signal generator we decided to have a strategy builder for traders so that they can build and test their own strategies. So, in short, we are building a simple (at least we are aiming it to be as simple as possible) drag-n-drop strategy builder where you can instantly test it over different conditions and then make it live for your own automated trades. This is a plan that we are thinking to ship in a few months.

@aybar_basaran1 An old friend approaches from the shadows :) Thanks Aybar, this was a fun and interesting day :)

@yonca_ayla_art Thanks for kind comment :)

@smarth_sidana Thanks a lot :)

@mustafa_yilmaz Glad! We've launched a new product today, would love to have your support for the launch! :)