I. Introduction to Strategy Trading Modes
Currently, VOOX Strategy Trading supports two Strategy Trading modes: Fixed Amount mode and Fixed Ratio mode. Below is a brief introduction to both modes.
1. Fixed Amount Mode
In the [Fixed Amount] mode: Strategy trader invests a fixed amount in each strategy position, and the user can set the amount for each trade.
For example, if a Strategy trader sets the single-strategy amount to 10 USDT and the total strategy amount to 1000 USDT, then every time the strategy bot opens a position, the Strategy trader will invest 10 USDT until the total strategy amount limit of 1000 USDT is reached. This means the user can hold a maximum of 1000/10 = 100 strategy orders simultaneously.
Fixed Amount mode is simple and easy to understand, making it suitable for beginners to get started quickly while also meeting the Strategy Trading habits of most users.
2. Fixed Ratio Mode
In the [Fixed Ratio] mode: The strategy order amount is automatically calculated and proportional to the strategy bot’s order cost.
The strategy ratio is determined by the strategy bot’s order proportion:
strategy Ratio = strategy bot’s Order Amount / strategy bot’s Total Assets.
For example, if the strategy bot’s available margin balance is 1000 USDT and the order amount is 100 USDT, the strategy ratio is 100/1000 = 0.1. If a Strategy trader uses 500 USDT to strategy the portfolio, the order amount for this trade will be 500 * 0.1 = 50 USDT. If the strategy bot adds to the position, the Strategy trader’s order amount will be recalculated based on the updated strategy ratio.
II. Selecting a strategy bot
There are two ways to choose a strategy bot: browsing the VOOX Strategy Trading Plaza or actively searching for a strategy bot of interest.
1.Browsing the VOOX Strategy Trading Page
Click [Strategy Trading], then select the strategy bot card you are interested in from the [Strategy Trading] section. Click the [Follow] button to proceed to the strategy settings.
2.Actively Searching for a strategy bot
In the [Strategy Trading] section, click the search icon and enter the full nickname of the strategy bot you are interested in. Once found, click the [Follow] button to proceed to the strategy settings.
III. Strategy Trading Parameter Settings (Must-Read for Strategy traders)
Currently, VOOX Strategy Trading parameters consist of three main modules: strategy Mode Selection, strategy Amount, and strategy Pair Settings. Below is a detailed introduction to these settings.
1.Strategy Mode
Choose between Fixed Amount mode and Fixed Ratio mode. The default mode is Fixed Ratio mode, but users can select according to their needs.
2.Strategy Amount
- Fixed Ratio: The strategy amount refers to the total assets allocated to follow the strategy bot. The maximum/minimum strategy amounts may vary for different strategy bots.
- Fixed Amount: The strategy amount refers to the total assets allocated to follow the strategy bot, while the single-strategy amount refers to the investment amount for each strategy position.For example, if a Strategy trader sets the single-strategy amount to 10 USDT and the total strategy amount to 1000 USDT, every time the strategy bot opens a position, the Strategy trader will invest 10 USDT until the total limit of 1000 USDT is reached (i.e., a maximum of 1000/10=100 strategy orders).
3.Strategy Pairs
Select the trading pairs to strategy based on personal risk preferences.
Reminder: After completing the strategy settings, check the strategy agreement and click [Confirm].
IV. Canceling Strategy Trading
Go to the [Current strategy Trades] page under [Details] in [My strategy Trades], then select the strategy bot you wish to unfollow.
Disclaimer:
This product is only a tool for Strategy Trading. Strategy Trading involves risks, and past performance is not indicative of future results. Please fully understand the risks involved and operate cautiously according to your risk tolerance.
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