This one leaves the bot active but the bot doesn’t open new deals. The feature request asked for something like that, but in the section Bot controller.
There isn’t much difference with the existing price filter. The only difference is that you cannot trigger bot close and close Deals. But with the price filters you can already allow the bot to start deals in the price range you specify.
And since a price range is very specific and would work best for single pair bots, indeed it may be sufficient to use the one for deals with the same effect.
I think there’s a difference between the min/max price and the bot controller.
Let’s say currently the price of BTC has surpassed 67,000 and we want the bot/trap to start back at 60k and stop at 66.5k.
If we use a max price of 66.5k and a min price of 60k, then when the price drops from 67k to 66.5k, the bot will open an order starting from the price of 66.5k, while we want the bot/trap to start again at the price of 60k.
in this case, we want the bot to start again from the floor price (60k) instead of the ceiling price (66.5k)
I guess also the bot controller would activate the bot as soon as the price is within the range. Ranges define for what prices something shall be active from whatever direction you enter the range.
The difference is that by setting price limits to activate and deactivate the bot, it will optimize and maximize the bot’s performance in increasing the chances of making a profit.
This is different from the existing price filter, which cannot activate or deactivate the bot.
The difference remains unclear. Explain exactly what those two prices shall do and when. Explain edge cases what happens when crossing up respectively down and what between and outside of the two prices? Can the start price be bigger than the stop price?
I run two bots, long and short, using ASAP for the trigger deal and take profit based on a static percentage.
What happens when the bots are running? The long bot will move further up, and the short bot will move further down.
Let’s say at the start, the bots are running on a BTC pair, with the initial price of BTC at 33k. Currently, the BTC price is at 67k. On the chart, the long bot is positioned at 67k, and the short bot is positioned at 33k. There is an empty space between 33k and 67k.
Now, let’s assume the current price drops to 55k. Here, we plan to create another bot that will function as a bot controller. We intend to set the bot controller so that the bot stops at 66k and reactivates at 50k.
With this bot controller setting, the bot will not collide with the long bot already positioned at 67k and will not go lower than the short bot at 33k.
That’s the general idea of the case and its application.
Thank you to Gainium Developer Team.
Fully agree with this great feature, the ability to start and stop bots would be a game-changer. It would give us more control and flexibility, especially in volatile markets.
It could enchance the user experience & make Gainium even more powerful for all traders.
Welcome brother and thank you for taking the time to read and comment this feature - are you already using any strategies that will benefit from this feature?
Thanks for the warm welcome!
I currently use a dca strategy combined with manual entries. I often enter long positions after significant drops and would benefit from automating this process without having to monitor the market 24/7 . I think it would saving time and reducing the chance of missing key opportunities.
I’ve just heard about the ninja from the whales🤔 sounds interesting!
I personally prefer entering market using the fibonacci retracement, especially focusing on the golden ratio levels in trends. Would love to learn about the ninja though