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Growlonix keeps track of top telegram channels which provide either trade signal or tips. In channels like Trading Crypto Coach, it is observed that as soon as trade signal appears on the channel for a coin, the coin price suddenly soars after few second. Some time such price surge could reach up to 30-40%. Such signals commonly pump signals.
Usually, we observed many of times traders either miss the important signals or take too much time between the signal and placing the corresponding order on the exchange. Such delay greatly diminishes the opportunity to make a profit. In fact, sometimes such delay leads to losses.
This leads to the idea, why cannot be telegram signal could be captured and automatically place a corresponding order. This what telegram trigger is all about.
Growlonix keeps eyes on the most popular public channel which provide signals regularly. Once it captures a new signal, it immediately triggers the telegram signal orders related to that channel. Usually, delay between the signal on the channel and final order execution in less than one sec.
Follow the below steps to place telegram signal orders:
Press on the trigger button in the bottom right of the order form. This will pop up a new window.
Now select telegram from the drop-down, This will open furthermore options.
1) Auto Detect Coin: A coin in the signal will be automatically captured and there is no need to provide quote coin in the order.
2) Auto Sell Target: Take Profit and Stop loss targets in the signal will be captured automatically. Only available in Buy Orders.
3) Auto Cancel OSO Secondary: This option is only available for OSO order. If this option is selected then secondary order will be canceled if targets detected in the telegram signal.
Warning: The best effort is put to detect target but it is not guaranteed that targets will be always detected
Select the favorite channels.
[Optional] To get more control over signals, enter the comma-separated list of words which determine if orders need to be executed on a captured signal. Not contains – Words must not be in the signal.- We recommend leaving these fields empty.
Enter the base coin amount that needs to be spent towards purchase captured coin in a telegram signal.
- Though any order can be converted to telegram trigger order but, we recommend to convert OSO order to telegram to get maximum out of it.
- Custom OSO order
- Primary order: Market Buy
- Secondary Order:
- Either OCO order or Trailing Stop order.
- Must select Auto Volume checkbox.
- Telegram trigger config:
- Must select options: 1) Auto Detect Coin 2) Auto Detect Sell Targets 3) May also select Auto Cancel OSO secondary.
- A popular strategy.
- Custom OSO: Market Buy + Trailing Stop.
- Auto-detect coin – selected
- Auto Target Detect – selected
- Auto Cancel OSO secondary – Not selected
- Repeat: 3
- Targets detection works on best effort. Target detection for every signal is not guaranteed. It may possibly a signal is capture but the target is not detected.
- To overcome this, we recommend placing Custom OSO order where primary order Market Buy and secondary OCO/Trailing Order and select Auto Cancel OSO Secondary in the trigger dialogue.
- This will make sure in case of no targets, secondary order will be opened whereas in case of target detection secondary order will be canceled and take profit and stop-loss order will be placed based on signal targets.