Avoiding Giant Spikes

[Brandon]

Any ideas of indicators to use to avoid my bots taking trades after there are huge pump and dump spikes like this?

Thanks!

[aressanch]

You could use the price % change (say lower than 2% for example). Maybe even the ATH indicator. You may need to go into a smaller time frame for those, as the only evaluate on candle close, they won’t be able to avoid that spike because it happened within 1 candle (meaning the candle where it happened probably had a go signal). If you work on smaller time frame and make sure that kind of pump doesn’t happen in a single candle, then you could avoid it

[Rossano]

Better to run a short - when you get +35/150% on a single 15m candle you can expect a nice bounce in the opposite direction - same applies for a long

[d_yo_r]

Bots with no SL

Opening a “short” deal on spot market literally isn’t different from using a stop loss on a long deal and opening another long deal at a lower price. Calling it a “short” deal doesn’t change anything that we are realising a loss. That’s why I first suggested to only use “short” deals instead of safety orders for long deals, before I found my generalised DCA approach with SL and, I called it, martingale safety order.

[Rossano]

Starting a new game? doesn’t work this approach here

[d_yo_r]

I’m sorry, I don’t want to play games, nor do I want to insult you or argue with you, although you seem to think so for whatever reason. I just wanted to explain why a “short” deal on the spot market on the one hand and a stop loss and restart of a long deal on the other hand are just meta-descriptions of the same fundamental exchange orders behind the scenes and I just asked you to explain your disagreement so that all can learn. How can we discuss strategies if we don’t agree on the basics?