I’ve been playing with Gainium for a month now, but I still haven’t learned all the features yet.
Premise - bot for trading on minute intervals in big memecoins, opening positions according to technical indicators. Multiple small trades. Exit via a multi-step TP (1-5%). Leverage x5.
I thought a good option would be to set a Trailing StopLoss, but apparently 0.25% giving great performance in tests, is too low in paper trading. Position remains open despite SL and a drop in price.
Same phenomenon on 2 different coins.
Hence the question as in the topic: What is your preferred Trailing SL value?
It seems as if the trailing SL gets triggered to often, if it’s too small. Currently a TSL of 10% seems to work for me on spot market. It doesn’t close deals to quickly and gives the price a chance to possibly increase. Let’s see what others experienced.
Triggering too often is an accepted risk, here the problem was the opposite.
It did not work although it should have. And this was on 2 different coins.
I’m hunting for a temporary 1-5% price rise in the Futures market, so the SL has to be tight… but not too tight apparently
0.25% is too little for a TSL with 5x leverage. Also by setting a trailing, the order does not get sent as a limit order in advance. I suggest to not use TSL or use it with >3%
In that case, let’s forget about trailing. I have 3 more questions:
what classic SL seems to be the minimum acceptable under the assumed conditions? Will 0.2-0.4% work or is there a greater chance that it will fail to trigger? We are talking about Bybit and coins with daily volume >10M. And I assume, I that 0,2-0,4% effect in 1-2% equity loss
If I use Moving Stoploss, is it sent to the exchange as soon as it is defined? Or is it, like trailing, sent after an event has occurred?
will the Mooving Stoploss settings of say - Unrealised Profit Trigger: 0.4 and Stop Loss Value: 0.2 be correct in most cases?
You would want to use a stop-loss that is rarely achieved in a single candle. Because if the deal opens and closes on the same candle is not reliable, the movement inside the candle is unknown so we make assumptions that may not be true. 0.4% is too small and will lead to unrealistic result.
