Need a multi-pair bot with hedging capabilities and a combined TP for all the pairs under one basket.
Bybit is offering something similar through its futures combo bot, but, of course, it isn’t customizable and lacks SO order placements. It probably uses the rebalancing mechanism.
So, the proposed bot here can have 10-50 slots with hedging capabilities per pair and one single basket of TP.
Benefits
- Spreads risks evenly. No need to bet everything on one single coin.
- Hedges a pair. No imminent liquidation risks.
- Combined TP. Hedging and a healthy mix of coin selection and weight allocation will help the bot stay closer to achieving the profits.
So, if there’s such a bot with 10 slots, it can look something like this:
2 slots for PEPE long/short
2 for BONK long/short
2 for DOGE long/short
2 long slots for best performing and 2 short slots for worst performing coins on the market
Can be a game changer for futures trading.