Additional Profit Limit after series of multiple re-buys if the market price goes up

[jaguar666]

First of all i like this strategy but i would like to request if possible you can add something that we can maximize the profit when the price goes up to the moon.

Since we have an option for the next buy if the market price goes up, I would suggest that if you can also have an option for selling at another profit percentage if the price will still continue go higher and higher.

For example after 3-5 times buying at a higher price of the last sold price, i think we have to set a bigger profit percentage this time like 20-50% because this is an indication that the price will go up to 100% or more.

Of course if the price will go down before reaching the desired profit, we will sell it with the sell loss percentage.

Thank you

[pushkarnagle]

@jaguar666 Thats a good suggestion! But I am bit confused why do we really need another Profit-Stop percentage. E.g. If I bought some BTC at $3500 with Profit-Stop Percentage at 15%. Market is going up, and the bot will sell all as soon as the price reaches $4025 (which 15% of 3500). Now, I have set re-buy percentage at 1% or 2%, which means bot will buy again after price reaches $4065.25 (1% of last sold price). And this cycle will continue if the price is reaching moon. Now for each round-trip trade (buy and sell), your profit will be 1% lesser, because we have set that re-buy percentage. In my opinion, 1% is much lesser compared to all the profits we are getting in each trade. Still, I will try to write an algorithm, which will take re-buy percentage into account and adjust the profit accordingly.

[Saichovsky]

I think what would work to achieve what @jaguar666 is saying would be to have a trailing stop loss. So the profit limit is left open, but we have a trailing stop loss of a certain figure (percentage or otherwise), which would mean that the strategy HODLs as long as the price is going up, until it drops by the above-stated value.