Trading Strategies
Automate your trading on Doma with Strategies. Set a buy price and a sell price with "Buy Low, Sell High," and let it trade on repeat within your budget, no chart-watching required. More strategies coming soon.
Put your trading on autopilot. Instead of watching the chart yourself, pick a strategy, set your budget and price targets, and let it run in the background, placing and managing trades on your behalf.
What is a Trading Strategy?
A strategy is a simple, named rule for buying and selling a token. You configure it once, and it follows that rule exactly.
Strategy: Buy Low, Sell High
Set one buy price and one sell price. The strategy buys at your low, sells at your high, and repeats. It's the simplest hands-off strategy, and a great starting point if you're new to automated trading.
More strategy types are on the way. Stay tuned for updates.
How to Set Up a Strategy
Step 1: Choose Your Strategy
Navigate to Strategies in the side menu.
Then select Buy Low, Sell High.
Step 2: Set Your Prices and Budget
This will take you to the configuration page.
First select the token you want to apply the strategy to.
Set your strategy parameters. Enter the amount you want to invest, the expiry of the strategy - review everything and click activate strategy.
Step 3: Approve and Launch
Approve the spend with your wallet to activate the strategy.
You can Pause, Update the Budget or Close Strategy anytime from the strategy overview page.
What to Expect
- You set the rule, it follows it exactly: no predictions. A strategy only ever does what its type mechanically does, within the budget you set.
- Your funds stay in your control. A strategy spends against the same wallet approval as a manual limit order. Revoking that approval, or closing the strategy, stops it.
- Closing a strategy won't sell your position for you. Closing cancels the strategy's own open orders and stops it, it does not liquidate what you're already holding. The only place a strategy ever sells is at the price you told it to.
- Pause, resume, or close anytime. Pausing leaves resting orders in place but stops new ones from being placed. Closing winds the strategy down for good.
- Full visibility. Every strategy shows live P&L, an order history, and how much of your budget is currently deployed.
What's Next
Now that your strategy is running, keep an eye on its performance from your dashboard. (See “Portfolio” - “Orders” Tab)