The Martingale strategy originates from speculative games such as “high card takes it all”. For
instance, if you lose in round one of the game, you may double your bets in the next round until you
win. Tafabot Martingale Bot puts the core idea of this strategy into play by repeatedly buying downward
and selling, all in one go. In this strategy, more funds will be used to buy in at each price dip to
lower the average holding cost.
When using Tafabot Martingale Bot, you will need to decide on the total funds you want to invest in and
corresponding parameters. For example, you can set the bot to buy in at a volume scale of 2 every time
the price drops by 1% and take profit at a 3% yield. When this parameter is set, your bot will buy in
every time the price falls by 1% and the amount of each purchase is double the previous amount.
Martingale is based on the theory that you will eventually be right on a trade and stand to profit on
averaging down your position.