About Trading Mechanism

Fenix uses Martingale strategy to invest. The principle is known among gamblers, doubling the number of bets every time you make a mistake. Fenix has applied such principles in trading and average to lower the risk of loss.

Setting

First launch: Initial Investment Amount Open Order: the multiple amounts of the first purchase Orders: times of purchase to average your Initial Investment Amount in case there is a price drop Take Profit: the percentage of profit margin Sale On Profit Drop: the percentage of price dropped from your most expected profit target Order configuration: the settings for making an average purchase

• Percentage: the percentage of price drop before averaging price

• Multiple: the multiple amounts of money to average

• Drop back: the percentage of price rebound from the lowest price required to make an average purchase

The example of FTM trade

Setting

First launch: 11 Orders: 7 Take Profit: 1.3 Sale On Profit Drop: 0.3

Order configuration

• Percentage: 2, 2, 2, 2, 2, 2, 2

• Multiple: 2, 4, 8, 16, 32, 64, 128

• Dropback: 0.5, 0.5, 0.5, 0.5, 0.5, 0.5, 0.5

open order at price 1.3143 with the First launch 11 USDT

Total coin = First launch / market price Total coin

Total coin = 11 / 1.3143 or estimated 8.369 FTM Total cost = 11 USDT Average of the first order = 1.3143 USDT

Take Profit Point = Average price * (100 + Take Profit) / 100

Take Profit Point = 1.3143 * (100+1.3) /100 = 1.3314

1st drop = Average price * (100 – Drop Percentage) / 100

1st drop = 1.3143*(100-2)/100 = 1.288

When the price drops lower than1st drop calculated, we will not buy to calculate, but will wait until the price rebound exceeds by percentage. Drop back Set If the price keeps dropping,

1st cover = lowest Price * (1 + (DropBack[CoverNo] / 100))

1st cover = 1.28 * (1 + (0.5/100)) = 1.2864 Therefore, the first entry will be made at a price of about 1.2864, when making a purchase at such a price, thereby lowering the average price.

Current cost = First Launch * Multiple[CoverNo]

Current cost = 11*2 =22

Total cost = Previous cost + current cost

Total cost = 11 + 22 = 33 USDT

Total coin = Previous coin + current coin

Current coin = 22 / 1.2864 = 17.1 FTMTotal coin = 8.369 + 17.1 = 25.469

Average Price = Total coin / Total cost

Average Price After 1st cover = 33 / 25.469 = 1.2957Take Profit Point After 1st cover = 1.2957 * (100+1.3) /100 = 1.3125

If the price rises above the take profit point, the sale will not yet occur, but will wait for the price to be shortened according to the Sale on Profit Drop percentage. If the price keeps going up, the new highest price will be collected to calculate the point of sale.

Sale = highPrice (1 - (Sale On Profit Drop / 100))

Sale = 1.3198 (1 – (0.3 / 100)) = 1.3158406 when sell at price 1.3158406 to total amount is 1.3158406 * 25.469(FTM) = 33.513 USDT

quoteCost = trading.TotalCoin * price

quoteCost = 1.3158406 * 25.469(FTM) = 33.513 USDT

Profit = quoteCost - Total cost

Profit = 33.513 – 33 = 0.513 or calculated as 1.55%

Remark

• The recommended number of timbers is 7 timbers, with the general statistics of the fall in the market, the number of 7 timbers is sufficient to lower the average price. *Except for poorly grounded coins or meme coins that gradually sidestep the price swing.

• Martingale strategy WILL NOT cut loss but will hold until we can take profit.

  *Except the users press the "force sell" button to cut loss by themselves.

• The margin of profit depends on your investing money and settings. Once the user sets to make a high profit target, it takes longer to achieve. On the other hand, if the user sets too low-profit target, it may cause a loss of commission.