An entirely new ‘pump and dump protection mechanism’ would be ideal. Not sure how other service providers configure it. But maybe the bot can be given a command to hibernate and not execute new signals if a coin has experienced x% increase or decrease within 1/3/5 minute timeframe.
Please consider.
Yes good idea indicator relativ to Btc price movment that will be avosome or jus A supertrend edit to add relativ coins to keep true…
Thanks, please upvote it. Also, an indicator tracing BTC’s movement will also be ideal.
There’s already a beta test about a Percent Change indicator.
I see I think I misunderstood on telegram - you are looking for a bot protection not a trading condition as I suggested in the chat
This works, but only to a small extent. If there are 2 trigger indicators and 1 price change indicator as filter, there are very few signals received. If there’s only 1 trigger indicator and 1 price change indicator as filter, there are quite a bit of false signals received. That fine balance is somehow missing.
Do you have an example configuration that could ideally work on a 1 minute timeframe.
I’ve used RSI, Parabolic SAR as triggers and Price Change as the filter.
I think something like this would be incredible because the purpose of the Pump or Dump is a movement so that it is a surprise and that other traders do not take advantage.
I still can’t quite understand how the Price Change works but perhaps a candle that is 10 times the size of the previous one (or a size of your choice) can help see when there is a possible change. In LTF (1/3/5m) you can see how all candles similar in volume appear.
Price change indicator works based on the %change of the previous candle. I’ve found that it’s not reliable to begin/close trades or even use as a filter on smaller timeframes.