I have been thinking of a different way of using smaller trailing TP orders, which are mainly used to avoid locking funds on the exchange.
How Does It Work?
The ghost order is a market order placed at the last minute, similar to the trailing TP.
It works like a trailing TP, but instead of moving with the price after reaching the set TP%, the ghost order remains fixed.
Like the trailing TP, the ghost order isn’t placed on the exchange but exists only virtually on Gainium. This means the order stays hidden until the price hits the TP%.
For example - we set a Ghost TP at 2%, the deal will run without an actual TP order placed on the exchange but just virtually on Gainium, until the deal reaches that 2% then the bot will place a market order on the exchange.
I think an easier approach is to specify limit or market in tp options. But what is the purpose of not locking the base? If you are using that base in a short bot they will take funds from one another and eventually run into not enough funds issues.
sometimes when selecting market in TP options the order get placed on the exchange anyway but if the bot keeps that order until last minute than it’s fine
it’s not only about shorts - also long buys base and better to have the funds in your pocket than locked - things may happened like bankrupt, delisting etc
yes ASAP is immediately after last action - TA unless if on 1sec timeframe takes 1 minute to place the TP which means the possibility to close the deal in loss when higher volatility
Is the idea to have as few open orders per pair as possible so as not to hit the 200 open orders per pair limit? But what if more than 200 orders are to be placed; shall this happen on a first-come, first-served basis?
@aressanch would you be able to integrate market order for TP - the issue with trailing isn’t about the small percentage used but about the nature of a trailing order - in fact once trailing activates the system isn’t able to deactivate it so even if the market is flat, if the bot doesn’t have enough funds to close the deal and trailing triggered the only way to close a deal in profit is to close it manually or wait until the deal is in profit before adding funds.