NoSKii
commented
4 years ago Alternative strategy using DCA and Max contracts:
Set market size to allow for 50 buys (not 100-200), ie use larger buys.
Set max contract size to limit how many buys the bot places. eg: 20% of balance as an example.
If there is a big move, DCAing manually or with an inbuilt function will enable you to get out safely.
Reasoning: A lot of the time the bot will long/short only 1-5 times when price isn't dumping/pumping. Using this strategy we can make good profits on the little moves, and also protect ourselves on these big moves and DCA to get out of our position.
Liqhunter works great. There are times (after big moves), where I've had to manually DCA to get out of a position.
Feature to add: Allow liqhunter to place DCA orders once price is x% away from entry. ie: On big moves where price goes well past entry price on exchange.
As an example: DCA Settings
When price is >3% away from entry Place Limit order at price 5% away from entry - Limit qty: x contracts
When price is >6% away from entry place Place Limit order at price 8% away from entry - Limit qty: x contracts
NoSKi