Take Profit Feature#103

Would you please add an option in the popup menu for trades & bot configuration to take the profit, but leave the rest of the coins in place? There is no true workaround for this, other then selling coins partially, calculating the amounts manually etc.

The way I think it should work is that there is a configuration option in all bots to secure profit as we get it in the given % amount. After the profit is secured, the trailing sell order should be updated up as much as much % was secured.

E.g. the bot is setup to secure 50% of the profit above 1.5% trailing take profit. If there is currently 1.5% increase in coin price, the bot would take 50% of the profit and update trailing take-profit up by 50% of the profit (50% of 1.5% profit) - bot configuration percentage of profit to secure.

The reason for this request is that I’m constantly falling into cases, when e.g. at some point there is $2+ profit on 1-day long trade, but before reaching take profit level. But then the coin of the price decreases and much of the profit is lost. All the way to the trailing take profit. If the bot is able to take profit before reaching take profit level, we could highly benefit from that.

I noticed that it just happened on the attached trade. We lost ~2% of the profit, because the bot was unable to secure it in any way. So instead of $2+ we earned only $0.33. I could decrease the trailing take profit %, but that would make the trade more vulnerable to early closures, when the increase in price is gradual.

I’m thinking about implementing it in-house for Cornix bots. For this reason I’ve estimated how it could work.

It seems that in the simplest case it can bring ~5% more profit, up to ~15% as the trailing profit changes after price increase, considering 2% trailing. The difference increases with the increase of the trailing profit base value, even up to ~40% more profit comparing to the current solution.

To close the loop, my v1 will also have an option to secure the current profit in intervals, e.g. every every 1 min etc. When this happens, there will be an option to decrease trailing profit with each sell, or only after price increase, when new profit is secured.

Attached you can find a great example in which the entire profit securing feature would be helpful. We lost ~7.5% profit on this trade.