Introducing trading modes guides
When trading with OctoBot, you use a trading mode. Trading modes are responsible for how to create, maintain and cancel orders.
Trading modes are a key component of any trading strategy and are compatible with each supported exchange.
A trader using many trading strategies.
Based on your feedback, we created guides for each trading modes to make clear what they are made for and how to use them. We are looking forward to getting your feedback on those guides.
An OctoBot strategy is usually split in 2 parts:
- The trading mode: it decides how to create ordres on exchange, how much to put in each order, when to cancel them
- The evaluators: they are sending signals to the trading mode so activate it when necessary. We could say they “wake up” the trading mode when something happens
Note: Some trading mode, such as grid-based ones or TradingView automations are not using any evaluator, they are “waken up” automatically either when an order is filled or when receiving a notification fron TradingView.
- Statistics-based trading modes: Entries (and possibly exits) are computed using statistics. It might be from technical evaluators, AI, social medias, price events or many other things.
- Low-risk grid trading modes: Buy and sell orders are created deterministically according to the trading mode’s configuration. There is no probability in those algorithms.
- Automated TradingView strategies: Entries and exits are created based on your TradingView signals. In this trading mode, the core of your strategy lies on TradingView and Octobot acts as an automation to synchronize your strategy with any exchange account.