Cornix Review 2024: Best Trading Bot?

Cornix smart DCA bots are custom-built DCA bots that allow you to take advantage of the DCA strategy. 

Dollar Cost Averaging is a trading strategy that divides the total amount to be invested across purchases to reduce purchasing cost and the impact of volatility on the overall investment. 

Cornix DCA bots buy and sell based on multiple advanced configurations designed to get the best out of the market instead of buying following pre-defined time intervals. 

The bots start buying at market price and will keep on buying as the price decreases. 

It will sell either at a profit when the price increases or at a loss if stop-loss was reached. 

The bots start a new trading cycle whenever a trade is closed. Whenever a trade is closed, a new trade will be created automatically with the bot’s configuration. 

The DCA Bot will always have one open trade as long as it is active. This excludes cooling time. 

Cornix Smart DCA bots also allow you to easily copy public anonymous bots. It also features advanced configuration options for advanced traders who want to create their own DCA bots. 

The bots feature advanced configuration options which help to mitigate risk. 

Cornix offers a 14-day free trial for the Smart DCA bots. No card info is required for the free trial. 

You can create a new DCA bot in the Cornix app. To create a new bot, do the following:

Open your Cornix app, scroll to the “Bots” section, and press the plus button at the bottom right corner of the screen. 

To create a new bot, you need to complete 5 steps:

• General: This is where you set your bot’s basic settings like the bot name, amount per trade, direction, symbol, exchange, and leverage for futures exchanges. 
• Entries: Here, you set your entry strategy including the number of orders, their size, and their prize. 
• Take-Profit: You set your take-profit order to realize your earnings. 
• Stop: This allows you to reduce your risk by setting a Stop-Loss order and other stop settings. As already stated, the DCA Bot will continue trading unless there is a Stop-Loss. 
• Advanced: This allows you to set a cooldown time for the bot and the number of trades until the bot stops. 

There is a “Review” button at the bottom of the screen that allows you to see the currently available amount of the coin that is relevant to the bot you are creating and a dynamic summary of the bot’s orders. 

If something is invalid while you set your bot, the system will warn you in red and let you know what needs to be changed. 

After completing the 5 steps, click the “Create Bot” button at the bottom of the Review screen. If the bot is not valid, the button will not be clickable. 

Once you click the “Create” button, a brief explanation about the bot you are creating will appear with 2 options. “Create” and “Create & Activate”

The “Create” button will create the bot in an inactive state. Trades won’t be created until you activate the bot. 

The “Create & Activate” button will create and activate the bot. Once it is activated, the first trade will be automatically opened.