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DCA bot: Using the Market Data Insight (BETA mode ON)
DCA bot: Using the Market Data Insight (BETA mode ON)

Learn to use the Market Data Insight in DCA bots for real-time market analysis, filtering, and sorting to optimize trading opportunities.

Updated over 2 weeks ago

In this guide, we'll walk through the new Market Data Insight feature available in the DCA bot creation form. This tool provides enhanced analysis capabilities and allows traders to select the best trading opportunities based on real-time market data. This feature is currently available in BETA mode and can be accessed in both Classic and Advanced views.

You must enable the BETA testing mode to use our new DCA launcher!
Go to the Settings page and enable Beta-testing for this tool:

If you want to create a DCA bot using the old interface, just disable the BETA testing mode.


1. Overview of Market Data Insight

The Market Data Insight section is an advanced feature located directly under the pair selector in the DCA creation form. It helps traders optimize their strategies by providing filtered market data insights and customizable sorting options.

Important Note

The Market Data Insight tool does not automate pair selection or make trading decisions. Instead, it is designed to help users manually choose pairs by offering a detailed view of market data.

By default, this section is collapsed but can be expanded for a detailed view.

This section can be hidden in the page layout settings:


2. How to Access Market Data Insight

  1. Go to the DCA bot page.

  2. Click on "+ Create DCA Bot".

  3. Expand the Market Data Insight section, located under the pair selector in the DCA creation form. 8 pairs are displayed on the screen and you can see the rest if you scroll down.

  4. Customize settings according to your trading preferences.


3. Using Market Data Insight: Filter and Sort Options

The Market Data Insight tool offers two main controls for analyzing market data:

  • Filter by Criteria: Allows you to narrow down pairs based on specific criteria.

  • Sorting: Helps you rank pairs to find the most optimal trading opportunities quickly.

Each setting can be adjusted based on your trading strategy (e.g., Long or Short), providing flexibility and real-time market insights.


Filter Options

The Market Data Insight filters provide detailed options to customize market analysis based on your strategy. You can filter by multiple parameters simultaneously, including:

  • TradingView Crypto Screener:

    • Timeframe: 1h, 4h, 1d (you can select multiple).

    • Signal:

      • For Long Strategies: Buy, Strong Buy.

      • For Short Strategies: Sell, Strong Sell.

  • RSI (Relative Strength Index):

    • Timeframe: 1h, 4h, 1d (you can select multiple).

    • Oversold (Long): Below 30 or 20.

    • Overbought (Short): Above 70 or 80.

  • Favorites:

    • Toggle: On/Off (you can filter based on your selected favorites in TradingView or exchange).


    Long

Short


Sorting Options

The Market Data Insight tool provides sorting capabilities to help you prioritize pairs based on preferred metrics. Sorting is displayed from left to right, with default sorting by the TradingView rating (24h).

Available sorting parameters include:

  • TradingView Rating (24h):

    • For Long Strategies: Strong Buy, Buy.

    • For Short Strategies: Strong Sell, Sell.

  • Trading Volume (24h): Sorted from highest to lowest.

  • Top by Market Capitalization: Sorted from highest to lowest.

  • Daily Change (%): Sorted from highest to lowest.

    • Note: Daily Change (%) is not available for Kraken.


4. Interactions and Usability

The Market Data Insight tool is designed to help traders make informed, data-driven decisions. Here’s how it works:

  • Selecting a Pair:

    • Click on any pair listed in the screener to automatically apply it to the pair selector.

    • In Single-pair type, each click replaces the current selection.

    • In Multi-pair type, selected pairs will be added as long as they share the same quote currency.

  • Quote Currency Rules:

    • In Multi-pair mode, if you need to select pairs with different quote currencies, you must reduce the selection to zero before changing the quote currency.

  • Favorites and Memory:

    • The system remembers your filtering and sorting preferences for each account and bot strategy (Long/Short).


5. Error Notifications

When using Market Data Insight, you may encounter some helpful error messages designed to prevent setup mistakes:

  • "You have selected pairs with a different quote": Displayed in Multi-pair mode when you select more than one pair with differing quote currencies.

  • "This pair has already been chosen": Shown if you attempt to select the same pair twice.

  • "No data for Market Data Insight": Displayed for any unknown data issue.

  • "No result for selected filters": Appears if your filters are too restrictive, yielding no results.

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