I need help to implement a strategy where the bot stops trading automatically for a certain number of bars after a certain % price change to avoid trading in volatile markets after big news. Can anyone give me some pointers how to do this using the current gainium indicators? TIA
If you are using a Trading or Combo bot, check out the Bot Controller at the end of the settings. Bot stop allows you to stop the bot on certain conditions. But of course, you could also configure the bots to not start deals under those conditions. Price change seems to be an indicator that you are looking for.
Price change doesnt work as it is implemented right now. It starts a deal only if its over the % when positive or under a certain % when in the negative. It would need to have added to it an option to start a deal when the price change % is under a certain % and that would be perfect for my needs in that case. Thats actually what im looking for more, not starting deals after a certain price change % for a number of bars, rather than stopping the bot completely.
What’s about using Price change to stop the bot then?
cant use it in conjunction with take profit %. I tried using Average position price instead of TP% so i can accommodate adding Price change and its not the same at all … huge decline in profitability
What are you planning to do? Shall the bot stop opening new deals or shall already opened deals stop to take any actions?
Pause opening new deals after a big price change, until the market settles down, is my priority. I tried experimenting with volatility indicators like BBW and momentum and they are not very reliable, giving false signals even when the market is relatively flat and also they have lag.