🔑 This is a quick overview of what the Elirox trading bot can do:
Learn how to launch your Elirox DCA automated trading bot here.
In this article, we’ll walk you through setting up a DCA trading bot using all the features available in the Elirox app. If you’re new to the DCA principle or want to deepen your understanding, be sure to check out our guide on how DCA works and how it can improve your trading strategy: Trading strategies: DCA.
In basic settings, you can choose:
Asset: Select the financial instrument you wish to trade.
Position Type: Choose between a long or short position.
📈 In a long position, you speculate that the base currency will strengthen against the quote currency.
📉 In a short position in Forex trading, you speculate that the base currency will weaken against the quote currency.
Investment: Define the investment amount in lots, ensuring it fits your overall trading deposit.
AI Preset: You can use the AI Preset to automatically select optimal parameters for your strategy, with three modes based on your risk level.
Conservative — slower pace with more orders and wider spacing.
Optimal — a balanced approach that combines steady protection with consistent profit potential.
Aggressive — tighter steps and faster volume growth, aiming for higher potential returns while accepting greater risk.
If you prefer more control over your strategy, you can switch to manual setup at this step by pressing the Customize parameters button. In customization mode, you can adjust order settings, Take Profit & Stop Loss, as well as trading filters.
At this stage, you can adjust order settings, choosing: