Mayer Multiple explained
The Mayer Multiple Automation buys Bitcoin when it's trading at a historically discounted level, measured against its 200-day moving average. It's a systematic way to accumulate during periods when Bitcoin looks undervalued by historical standards.
How is the Mayer Multiple calculated?
The Mayer Multiple is Bitcoin's current price divided by its 200-day moving average. A lower value means Bitcoin is trading below its longer-term trend.
Why 2.4?
Historical analysis suggests that accumulating Bitcoin when the Mayer Multiple is below 2.4 has tended to produce favourable long-term results. The default threshold is set to 2.4, but you can lower it if you want a more selective trigger.
How do I customise it?
You set a threshold and a purchase amount:
Threshold: Set a Mayer Multiple level between 0 and 2.4. The automation triggers when the Mayer Multiple drops to or below your chosen level.
Purchase amount: Choose an AUD amount to buy each time it triggers. Funds are reserved from your AmberApp AUD wallet.
Is there a limit to how often it can trigger?
The automation checks once daily. It executes one buy order per day when the Mayer Multiple meets your threshold and you have sufficient funds reserved.