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Absolute take profit / entry levels - DCA bots#120

Hello, I came accross a case today where a trade wasn’t closed, despite the take profit level being highly exceeded. I’d like to be able to set an absolute take profit / entry level points, realized as regular buy / sell order, instead of TP / SL orders, with a trailing still enabled.

In the attachment you can see, that a take profit level was highly exceeded, but the trade hasn’t been closed. The reason for that is the duration of the spike, which was only 1s long.

It would be perfect if there is a configuration for DCA bots, which would allow defining absolute take profit & entry levels. I’d like the bot to place regular buy / sell orders at the defined levels. A sample configuration could look like this:

  • Take profit: 5%
  • Trailing: 2%
  • Absolute take profit: 8%
  • Protect against high market fluctuation: True
  • Absolute entry level point: 8%

“Protect against high market fluctuation” should force the bot to create buy / sell orders (always visible) at the desired level, calculated vs avg buy price of the trade. E.g. avg buy price = $100, absolute take profit price should be $108. So we create regular sell order at $108.

When this option is disabled, the bot should create TP / SL orders at the absolute levels + / - trailing, instead. So in our case the bot should create TP orders with the price $108 and 2% trailing.

It would be perfect if it can be configured separately for the take profit & entry levels.

When this is implemented, there would never be a case of missing very short sell opportunities, like in the attachment.

a month ago

Duration of the spike

a month ago

In addition to the protection against high market fluctuations, it would be ideal if we can define additional absolute take profit levels in
USD. The reason for this request is that I’m constantly falling into cases where e.g. $4 profit on 1-day trade is not taken, because the take profit level wasn’t hit, yet.

I’d like to be able to define additional (to the current configuration) take profit level for each bot and force the bot to sell the coins, when we hit it. In our example, when there is $4+ profit, the bot should immediatelly sell the coins. A sample configuration could look like this:

  • Take profit: 5%
  • Absolute USD take profit: $1
  • Absolute USD take profit reference: Avg profit / day

On a 4-day long trade, the absolute USD take profit level should be $4. On 1-day long trade it should be $1 and so on.

a month ago

“Protect against high market fluctuation” for entry levels should at least identify when the price went up temporarily. The goal of it should be to prevent entering the market like in the attached case. I.e. we entered the market at a temporary high price increase, likely to quickly go down.

a month ago

These scenarios repeat over and over again, on a daily basis. It would be great if your team can give it priority.

a month ago