Help: understanding price filter

General
2

There are two different price filters.

  1. The Static filter [a]llows you to set a defined price range where the bot can trade.

    For that you can configure Minimum price to open deal and Maximum price to open deal.

    You could use that to limit the range where your bot is allowed to open new deals and also prevent it to follow spikes in any direction outside of that defined range.

    And if you combine it with the second filter you also prevent the bot from open deals at almost the same price.

  2. The Dynamic price filter has the following effect

    Your bot’s allowed price range is based on the most recent concurrently open deal for that pair. Note that this filter is only active when the bot is running multiple deals, and it will reset once all deals on that pair are closed.

    The available parameters are Minimum deviation from last deal, Direction (Over/Under/Over and Under) and Price source (Entry/Average Price). Currently is uses arithmetical instead of geometrical distances. So better only use only either Over or Under if you want to prevent that there will be many deals at the same level.

    If Over and Under would work geometrically you could use it to build a grid of real DCA deals with all DCA features available, where e.g. the entry prices of the deals are always the given deviation apart of each other. But notice that with only Over and Under there will be a gap in the middle after a while, that you may want to fill again. Also notice that deals with filter Under would follow downward spikes, while with filter Over they would follow upward spikes, if you don’t use the Static price filter as well.

2 Likes