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GimmerBot / Gimmer

Gimmer is a tool for trade and automation in digital currencies.
https://gimmer.com
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Gimmer BETA v0.2.13 Bollinger Bands #83

Closed Drangla closed 6 years ago

Drangla commented 6 years ago

Expected Behaviour

Buy at the lower Band, sell at the upper Band

Actual Behaviour

Buy at the upper Band, sell at the lower Band

Steps to Reproduce the Problem

invert the signal :-)

Specifications

Printscreen (Case needed)

unbenannt

Flllexa commented 6 years ago

The default configuration is more profitable, if the user want he can to invert the signal ;)

Tks man

keithfawcett commented 6 years ago

Hi @Flllexa, the default value should have nothing to do with profitability and should not be changed from the expected way it functions in any other system. It has to do with the way the indicator is expected to function by default. By default, the Bollinger Band indicator is expected to sell at the top of the band and buy at the bottom of the band and this should happen WITHOUT selecting "Invert Signal". If you invert the signal you would expect for the indicator to function in reverse of the DEFAULT behavior -- meaing that it would buy at the top of the band and sell at the bottom of the band.

Flllexa commented 6 years ago

I understand you, you know what you're talking about, my concern was with the newbies inside the platform.

To solve this, I will create bots ready for users already with my settings and the indicators leave in the default mode.

All your issues are being of the utmost importance, Thanks Keith

keithfawcett commented 6 years ago

Thanks Persio! That's a good idea. I think leaving default and creating custom bots seems the best for all of us.

I would be careful with the concept of inverting signals though and I'm curious where that concept comes from.

Here's a very simple chart as an example -- this is typically called a range-bound market (https://www.babypips.com/learn/forex/what-is-a-ranging-market). With the way Gimmer is currently setup it's Buying at the top and Selling at the bottom -- so you'll always lose if the market is ranging instead of trending, and markets are range-bound 70% of the time. While it may look like you're making money in some markets and backtesting. I think that's going to be an anomaly. image

This is how it should be by default. image

Hope that helps!