chrisleekr / binance-trading-bot

Automated Binance trading bot - Trade multiple cryptocurrencies. Buy low/sell high with Grid Trading. Integrated with TradingView technical analysis

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Buy Trigger Price Negative value

BramFr opened this issue · comments

commented

Almost the same idea like this: #67
But what do you think about this?

I was thinking about why i cannot make this value negatief? 'Buy Trigger percentage' because this value will never hit the "Lowest price". At this point the "Lowest price" is a realtime value. What if we make a delay about this?

  • Delay in time Lowest price: 30m
  • Buy Trigger Price: 0.90 (-10%)

At this point the current price drops within 30min more then 10% it can be interesting to buy.
image

Another exmaple:

  • Delay in time Lowest price: 4day`s
  • Buy Trigger Price: 0.40 (-60%)

image

When the current price drops within 4days more dan -60% its interesting to buy.

I`ll think this is more interesting then just the option we have at this moment. If you look at the example above. The chance when we hit the lowest price is to soon. But you want to wait longer to play safe.

commented

I`ll hope this wel explain more :)
image
With the normal buy percent of 1 the next buy order will be at price 0.36
With the new buy order 0.85 (-15%) the next buy will be at 0.306

So in simple term, once we hit the lowest price, then wait for a configured amount of the time and if the price is still lower than the trigger buy price (0.95 of the lowest price), then place an order?

commented

So in simple term, once we hit the lowest price, then wait for a configured amount of the time and if the price is still lower than the trigger buy price (0.95 of the lowest price), then place an order?

Lol... yeah that do the trick.
I thought too difficult.

Haha, I had to think really long time to make it a simple term.
It's a good strategy but could be a situation that you will never be able to buy if the price goes up immediately after hitting the lowest price.
I guess we can make this an optional strategy.