Let’s look at the Quick strategy feature in DBot, located at Get started > Quick strategy.
Quick strategy has free pre-built trading strategies that are designed to help you build your own trading strategy quickly. You can adjust the parameters and start trading, or you can use them to build your own strategy.
We have 3 pre-built strategies to get you started:
- Martingale
- D’Alembert
- Oscar’s Grind
Let’s take a look at each of these strategies in detail.
Martingale
The Martingale strategy is a very popular trading technique that has been used for more than a hundred years. It follows these simple rules:
- If you win, trade with the same stake amount.
- If you lose, trade with double the stake amount.
Here’s an example:
- You start trading on AUD/JPY for the initial stake of $10. You buy the contract and win the contract.
- You buy the next contract for $10 stake. Say this time you lose the contract. According to Martingale’s strategy, the next contract you buy after a losing contract should be double the stake. Therefore, you buy the next contract for $20.
- This time you win again, so you buy the next contract for $20. And so on.
With the Martingale strategy, you are always trying to win and secure your initial stakes while earning profits on top of it.
The parameters
You can set the parameters according to your requirements. You can select the type of assets you want to trade. You can set your trade type, duration unit, and duration value. Initial stake is the stake amount of your first contract. For example, if you enter 1 in Initial stake, the stake of your first contract will be $1.
You can set a loss threshold; your bot will automatically stop trading if your loss reaches this amount. Size is the value to multiply your stake by for your next contract if you lose the current trade. Profit threshold is the maximum profit you want your bot to achieve; your bot will automatically stop after earning this amount.
Click Run to run the bot with this strategy, or click Create & Edit if you want to customise it further.
To stop the bot, click Stop bot.
D’Alembert
D’Alembert is another very popular trading strategy. It is similar to Martingale’s strategy with a few exceptions. D’Alembert follows these rules:
- If you win, decrease your stake gradually.
- If you lose, increase your stake gradually.
Let’s go through a simple example:
- You start trading on AUD/JPY for the initial stake of $10. You buy the contract and win the contract.
- According to D’Alembert’s strategy, you will buy the next contract for $9 or less.
- Say you lose this contract. You will buy the next contract for lesser than $9. For every successive win, you will gradually decrease your stake and for every successive loss you will gradually increase your stake.
The parameters
You can set the parameters according to your requirements. You can select the assets you want to trade. You can set your trade type, duration unit, and duration value. Initial stake is the stake amount of your first contract. For example, if you enter 1 in Initial stake, the stake of your first contract will be $1.
You can set a loss threshold; your bot will automatically stop trading if your loss reaches this amount. Units is the amount you want your stake to be increased by for the next contract if you lose your trade. Profit threshold is the maximum profit you want your bot to achieve; your bot will automatically stop after earning this amount.
Click Run to run the bot with this strategy, or click Create & Edit if you want to customise it further.
To stop the bot, click Stop bot.
Oscar’s Grind
Oscar’s Grind is a commonly used trading strategy. It is a low-risk positive progression strategy that consists of the following general rules:
- If you win, increase your stake gradually.
- If you lose, decrease your stake gradually, or return to your initial stake amount.
Let’s go through a simple example:
- You start trading on AUD/JPY for the initial stake of $10. You buy the contract and win the contract.
- According to Oscar’s Grind strategy, you will buy the next contract for $11 or more. For every successive win, you will gradually increase your trading stake.
- Say you buy the next contract for $11 and you lose this contract. You will buy the next contract for less than $10. For every successive loss, you will gradually decrease your stake.
The parameters
You can set the parameters according to your requirements. You can select the assets you want to trade. You can set your trade type, duration unit, and duration value. Initial stake is the stake amount of your first contract. For example, if you enter 1 in Initial stake, the stake of your first contract will be $1.
You can set a loss threshold; your bot will automatically stop trading if your loss reaches this amount. Units is the amount you want your stake to be increased by for the next contract if you win your trade. Profit threshold is the maximum profit you want your bot to achieve; your bot will automatically stop after earning this amount.
Click Run to run the bot with this strategy, or click Create & Edit if you want to customise it further.
To stop the bot, click Stop bot.
Conclusion
Quick strategy gives you three popular ready-to-use strategies that you can customise for your trading bot in a few clicks. Remember to test your bot on your virtual account first before using it with your real money account.