Pump catching bot

[sloth456]

I have a style of trading where I set a limit order at some kind of support level, get filled and then wait for some kind of pump in the price and immediately I cut the position in profit.

This requires that I am in front of the computer 24/7 to close the position at the right moment.

It would be nice if there was a bot that would detect the pump and close it for me.

It could take 2 inputs

If prices increases by (X)% within (Y) seconds - close the position.

So for example if the price increases by 1% within 60 seconds, close the position.

Let me know if you have any questions.

[tradingpanel]

Hello! Alternatively, using signals from the trading view, you can make logic to send signals to close a position if the minute green (for a long) candlestick closed more than 1%. The only thing you need to set up a signal for each currency pair ... We will activate position management based on trading view signals by the end of this month.

So that we can program this in our terminal - this is January-February 2021

[sloth456]

Hey - thank you for your swift reply!

This will be nice, however I will be worried that the lag time between tradingview detecting the pump, then alerting the webhook and then finally finandy placing the trade will be too long. Typically a pump is over between 30 seconds and 1 minute, sometimes even less, after that it can dump hard so time is everything.

I once created my own tradingview alert webhook bot with AWS lambda and did find lag issues causing market slippage. I think the solution is to cut out the tradingview step and just detect the pump direct from binance websocket and place the trade immediately when pump occurs.

Thanks though and keep up the great work. I'm finding finandy very useful so far.

[tradingpanel]

Tradingview has 30 second candles and the Webhook comes in very quickly, so this can work.