chrisleekr / binance-trading-bot

Automated Binance trading bot - Trade multiple cryptocurrencies. Buy low/sell high with Grid Trading. Integrated with TradingView technical analysis
MIT License
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Questions and suggestions in negotiations #225

Open EraldoOkado opened 3 years ago

EraldoOkado commented 3 years ago

I noticed that the bot trades via stop-limit, is it possible to make no-limit trades? And being able to create a range of profits on purchases and sales? I think it would be more interesting, as it would create more orders, and profit a low percentage on each order, and prevent the robot from taking a long period of time to make a profit.

chrisleekr commented 3 years ago

is it possible to make no-limit trades

So you want to LIMIT order rather than STOP-LIMIT order, right?

But the point of having a trailing STOP-LIMIT order is to follow the drop and rise.

If you just do a LIMIT order, then the bot will not follow the drop, which means a high chance you buy at a high price rather than a low price. The same goes for sell order.

If you want to wait for a long time to make a profit, you would set a lower sell trigger/stop/limit percentage, which effectively makes a LIMIT order, I guess.

Did I understand right?

EraldoOkado commented 3 years ago

You got it right, I was looking to earn 0.1% to 0.6% profit per trade, but I couldn't adjust the bot for that. The idea would be to increase the number of orders in order to diversify profits, follow the market, and not keep the currency at rest.

pedrohusky commented 3 years ago

You got it right, I was looking to earn 0.1% to 0.6% profit per trade, but I couldn't adjust the bot for that. The idea would be to increase the number of orders in order to diversify profits, follow the market, and not keep the currency at rest.

@EraldoOkado

Buy trigger: 1 Buy stop: 1,001 Buy limit: 1,0011

Sell trigger: 1,006 (0,6%) Sell stop: 0,9995 Sell limit: 0,999

I don't recommend setting profit to 0,1% because you pay 0,2% only in fees.