Along with the ability to open the DCA bot trades using technical indicators, it is now possible to close the trades with separate Trade close conditions!
Now you can choose any or several different technical conditions you prefer!
They work exactly the same as the Trade start conditions but in a mirrored way - if you choose RSI 7 < 30 to start a long trade, you will have RSI 7 >70 by default to close the long trade.
Please remember!
If you choose the Trade close condition for your DCA bots, you will not be able to convert these bots' trades into SmartTrades
1. Open the Conditions tab
While creating an Advanced DCA bot, head to the Take profit section and click on the Conditions tab:
2. Choose the condition/-s
After clicking on the Conditions tab, you will see condition(-s) pre-selected, depending on what you have chosen in the Trade Start conditions section.
For example, if you have chosen:
RSI-7, 1H and Less Than 30 as a Trade start condition,
then the Trade close condition will be set by default to the opposite:
RSI-7, 1H and Greater Than 70:
It is designed this way to make your settings process a little easier :)
Even if you have chosen several technical Trade start conditions, they will all be mirrored in the Trade close conditions.
Naturally, you can change it to any condition you want or add others!
IMPORTANT NOTES:
Several Trade close conditions work with "AND" logic, so ALL of them should be TRUE to close the trade, just like with Trade start conditions.
Not all exchanges on 3Commas support some or all of the indicators. Our team is working on making them available for all exchanges supported on 3Commas.
3. Minimum profit
This feature allows you to close the trades with some minimal profit value and prevent closing the trades in loss when the condition is met too early. It is turned ON by default as this feature makes your trading safer.
It works this way.
Let's say you have set the Minimum profit to 1%. So:
If the price does not reach this profit level and the Trade close condition sends the signal to close the trade - it won't be closed!
If the price passes the Minimum profit level and the Trade close condition sends the signal to close the trade - it will be closed!
If the price passes the Minimum profit level and then drops back under this level, the trade will return to the initial waiting mode. Thus, if the price falls below the Minimum profit level again and the Trade close condition sends the signal, the trade will not be closed.
If the Minimum profit feature is turned OFF, the trade will be closed as soon as the Trade close condition is met, even if the trade will currently be in loss! So please disable this feature with caution and calculated risk management!
Important detail!
If you have chosen TradingView custom signal as a Trade close condition, the message "close_at_market_price_all" or "close_at_market_price_all_and_stop_bot" will ignore the Minimum profit setting and close the trades even if the Min profit is not reached. Those tasks are developed for such cases when a trader urgently wants to close his bots and exit the trades as soon as possible. It is used as a "red emergency button" to save trades.
4. Minimum profit type
Percentage from base order - a bot will calculate the Minimum TP level taking into account only the size of the Base order, no matter how many Averaging orders will be executed.
Thus, if the Base order size equals $100 and the Minimum profit is set to 5%, the TP level will give a $5 profit no matter how many Averaging orders will be executed.
Percentage from average price - a bot will calculate the Minimum TP level taking into account the size of the entire trade, not just a Base order size.
Thus, if the Minimum profit is set to 5%, the Base order size equals $100, and 3 Averaging orders are executed, resulting in $900, the total size of the trade becomes $1000. And in this case, the TP level will be set to $50 instead of $5.
5. In addition
Right now, on the My Active Trades page, the trades with Trade close condition enabled do not have the following options:
Reverse bot - the ability to switch from Long trade to Short and vice versa,
Edit - the ability to edit the settings of the current trade,
SmartTrade convert:
If you want to edit the trade, reverse it or convert into SmartTrade, you can cancel the trade and manually create the SmartTrade with the desired settings, or you can directly convert the bot's trade into the SmartTrade.
All new bot settings will be applied only to new trades; old trades will remain with old settings.
Trailing TP feature is not available when the Trade close condition is active.
That's it! Now you can close the trades with special indicators! Good luck!
P.S. If you have any feedback about this feature, you can always fill out our Survey and share your thoughts and experience with our product team!