How To Use Flux Algo?
Once you have added Flux Algo to your chart, you can start unleashing its power.
You will open the ticker chart and time frame accordingly
Always make sure to choose the specific asset & timeframe of the strategy you want to use. Example: ETHUSDT.P | 4hr | Binance
Settings
Click on the "Settings" icon right next to the indicator name to bring up the configuration panel.This is where you will find all of the Flux Algo Features and Display settings. Choose the one you wish to use.
Display Signal Dashboard: The dashboard will show you all of the info you need to know regarding the current trade Entries, Take Profit Levels, Stop-Loss, Leverage, Risk management guide and optional DCA Level.
Display Risk Guide: The dashboard will show you the PNL of current position, Position Risk and recommended position size (according to the balance and leverage inputed in the indicator settings).
Scalper Mode: Small white diamond appears when there’s a possible re-entry opportunity for trend continuity while in a trade.
Use Opposite signal as Stoploss: This option replace the fixed stoploss with DCA levels (Dollar cost Average) and only stop the trade when an opposite signal is generated. Helps avoid trades that gets stopped on wicks only to reverse and turn to a winning trade. While this function can help, always double check to see which option gives better accuracy and use according to your own strategy.
Display Targets and Stoploss: The Take Profit Levels will be displayed on the chart as the green lines and the Stop-Loss Level will be displayed on the chart as the red line during a trade.(if use opposite signal as stoploss is enabled DCA level will be displayed on the chart as grey lines).
Display Peak Profit: A label for the Peak profit price for each position is displayed on the chart.
Display Trailing Stop: Show trailing line which can be a guide if you plan to trail stoploss on your position as it grows in profit
Change Bar Color: Changes your candle color
THEME: Option to choose between our ELECTRIC theme or a NATURE (red and green) theme or NONE which turns off the background color.
Strategy: This is where you find all the available Flux Algo Custom Optimized Strategies.
Take Profit Strategies
Close the position in parts, for example: 50% on TP1 and 50% on TP 2-3.
Close the whole position on a specific target, for example: 100% on TP2 - 4.
After reaching a certain target (TP1-2 for example), move the SL below the entry price and move it higher and higher below the trailing-stoploss guide
Our Favorite Strategy for Crypto:
5-10% of capital risk per trade for 1hr to 4hr timeframe strategies, using 15-20x Leverage Cross
5-10% of capital risk per trade for 15 mins timeframe strategies, using 40x Leverage Cross
5-10% of capital risk per trade for Daily timeframe strategies, using 5x Leverage
50% Take profit on TP2
Not more than 5-6 trades open at the same time
We don't enter trades if the entry candle is too big.
Follow the tips from the tips section
⚠We advice you to create your own strategy according to your trading style, risk & capital management.
DCA
⚠Averaging out positions in futures trading carries extremely high risk in volatile markets, you don't have to use it, but if you do always make sure to account for possible losses and use an adequate position size and risk management.
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