Automations explained
Automations let you respond to market conditions without having to watch the market. Set your conditions once and AmberApp will execute the trade for you when they're met.
You can run up to five automations at a time.
Available automations
Buy the Dip Buys Bitcoin when the price drops by a set percentage within a time window you choose.
Sell the Pump Sells Bitcoin when the price rises by a set percentage within a time window you choose.
Mayer Multiple Buys Bitcoin when it's trading at a historically discounted level relative to its 200-day moving average.
Fear & Greed Buys Bitcoin when market sentiment reaches a level you define as fearful.
How to set up an automation
On the home screen, tap the action button to open the menu.
Tap Automations.
Tap Add automation.
Choose an automation from the list and follow the setup steps.
When you create an automation, the trade amount is reserved from your wallet balance so it's ready to go when your conditions are met. You'll need a positive AUD or Bitcoin balance to get started.
The restart setting
Each automation includes an optional restart setting. Turn it on and the automation resets after it runs, triggering again the next time your conditions are met. Leave it off and it runs once, then stops.
Back test analysis
Before you save an automation, AmberApp shows a back test, it's how many times your chosen settings would have triggered during previous market cycles. It gives you a sense of how often the automation is likely to fire.