…where the entry is a fixed percentage of the total wallet(bot) value?
Will it break or will it just stop trading until funds are available again?
Which is the failsafe?
Thanks in advance!
If you have multiple deals, you need to limit the max active deals so that the total % used by all deals is not more than 95%. As long as no other bots are running on that account it should be fine.
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I am sorry that I keep asking these things that may be clear to everyone else, but in this example I have an exchange with 500 USDT, and I have set leverage to 2.
The information here tells me that i need 53 USDT per deal, which gives about 9 max open deals before I blow the bank. In this bot I have set max open deals to 18, which likely explains the required total 950 USDT (if counting leverage 2).
However when I start the bot in paper mode, max cost is listed to around 498 USDT, which in my mind should be the same 950 USDT as listed when editing the bot.
Then I created a new paper exchange, this time with 5000 USDT, made a copy of the bot and increased the max deals from 18 to 180. Should be simple math where the results should be 10-fold, but this is what I get, and the max cost when running the bot is listed at 49,500 USDT.
This doesnt ad up or am I missing something here?
Need a link to that bot to check.
Here are the two versions: Identical in every way except one has 10 times the available amount, and 10 times max open deals.