NIGHTWATCH - simplified automatic rebalance - "Protect my assets for the next 12 hours."

• The pain

Have you ever been in a situation where you look at the market before bed and dread what might happen during the night? Set alarms every two hours, hoping to catch a potential drop? All your Crypto Strategy gains could be compromised while you’re catching your zzz’s...

With Nightwatch, you can sleep peacefully again. Nightwatch is a Crypto Strategy rule simplification, targeted at all Strategists that need someone to keep an eye on their strategy while they are sleeping or busy.

• The gain

Nightwatch can be turned on in a few seconds. Simply set the percentage drop of your Strategy value and a stable coin you want to escape to if things go south. In case of a drop, an automatic rebalance will be triggered, and your whole strategy structure will trade to a stable coin, protecting you and your copiers from potential loss.

• Nightwatch Configuration parameters and limits

Go to your Crypto Strategy Overview tab and click on "Nightwatch" option

Nightwatch: Login > My Strategy > Select your Crypto Strategy > Dashboard tab > click on "Nightwatch" > Follow the on-screen instructions

or
Nightwatch: Login > My Strategy > Select your Crypto Strategy > Structure tab > Rules tab > click on "Nightwatch" > Follow the on-screen instructions

To configure Nightwatch, you need to set the following:

- Percentage drop of the strategy value, which triggers the rebalance

- Selection of stable coins (USDT, USDC) that are used for 100% of your rebalance if the trigger point is met

- Option 1: set it as a one-time event. Once turned on, Nightwatch works for 12 hours after it’s enabled. Afterward (after 12 hours), it automatically turns off. It can also be manually turned off at any time.

- Option 2: enable daily recurring Nightwatch by setting the turn-on starting time and for how many consecutive days to repeat. Nightwatch will be automatically turned on for 12 hours at starting time each day for the period of days defined. Each day, after being turned on for 12 hours, it needs 12 hours of rest (it automatically turns off for 12 hours) so it can be ready to automatically turn back on for the next 12-hour shift.

• Preconfigured limits:

- Nightwatch works only for drop scenarios at this point

- Nightwatch is configured as a typical stop loss and does not provide trailing stop loss functionality at this point. This means that a high watermark is fixed on the point when Nightwatch was turned on and a potential drop is calculated from that point

- Once triggered, Nightwatch moves to a user selected stable coin with 100% weight

Notes:

Please check all/other rebalancing options here

• MANUALLY - adjusting/changing the Crypto Strategy structure
• RULES - advanced automatic rebalance triggered by preset rules
• NIGHTWATCH - simplified automatic rebalance - "Protect my assets for the next 12 hours."

You can also take a look at our Blog articles:

• Crypto Strategy Rules
• Individual Asset in Structure Rules

For more information, please take a look at our articles on adjusting the Crypto Strategy structure fee and how to create a Crypto Strategy.