Currently, we have a % profit target and other options like webhooks, indicators, etc.
But I think it’s better to have an option for a fixed $ amount target profit.
For example, if a deal hits a certain number of orders, the deal will have a significant amount of coins, we can take advantage of that,
so it’s better to target a $ value rather than a %.
This way, we can book more profits because when that number of orders is hit, we know the price is down, and there’s a higher chance of it retracing upward.
Option for the bot to add a condition: if X amount of orders is hit in a deal, take profit at a given $ amount.
Ex: If a deal has 10 orders and 5 orders are hit, then take profit at the given $ amount.
or This kind of option also better.
Ex: If a deal has 10 orders and 5 orders are hit, then instead of normal take a profit % option, trigger take profit at the given % .(when more orders hit we can target high % profit)
That’s true, but if we can increase the profit percentage after filling more buy orders in a deal, we can boost our profits even more.
Because we all know that after a sudden drop, there’s a higher chance of a bounce back, greater than the normal take profit percentage we use in a deal. We can take advantage of those kinds of scenarios.
For example, if the bot has a normal TP of 2%, but during a run, the price drops 30%, filling 80% of the bot’s orders, after that 30% drop, we can usually achieve more than 2% and also benefit from the coins bought during the drop.
But with a fix take profit in dollar we would decrease the percentage over time. And to profit from a big reversal, we also have to make sure that the required change to take profit is small. Otherwise we already require a lot of the reversal to reach the average price again. What about using conditional take profit with minimum profit to not stop a take profit too early?
