NO POSITION

[ghost]

hi, just wanna ask how does the bot buy a position? For example I just use the default BTCUSDT setting in the config but keeps saying NO POSITION ACTION: WAITING, am I missing something? And how do I set trade quantity, do I have to change that as well? Planning to do your recommendation of 1usd of total 10usd to test it out first.

Also, how do I adjust my 'RISK LEVEL' in the config?

[zyairelai]

Hi oninjara29,

Thanks for using futures-omax. Kindly check config.py if the live_trade is set to True. As long as live_trade = True you are fine.

Because this bot aim to win + minimize losing chance. There will not be any gambling entry if the market trend (which is the 6 hour) is not clear.

For the risk level you want to make, perhaps you want to change the mode to ISOLATED to minimize loss.

[ghost]

Oh, so the bot is fine when it's doing nothing for now. I guess I'll wait a little longer then?

Regarding the default BTC quantity in the config (0.001) do I have to change that? Planning to use 1usd of total 10usd.

I appreciate your reply by the way, great work!

[zyairelai]

For the default trade amount, I had already set it to minimum.

Kindly refer to the following page for the minimum trade amount: https://www.binance.com/en/futures/trading-rules

Since the leverage in CROSS mode is 125x, 0.001 BTC only costs around $0.51 something, not even to $1! Therefore I guess you are safe to run it.

I am currently creating a discord room for clarify some basic trading rules and some cheat tricks. Stay tuned for that!

[ghost]

Thank you!

[ghost]

Hi, I have been running the bot for 12hours now, still:

←[31mPREVIOUS 6 HOUR : WEAK RED_INDECISIVE←[0m ←[31mRECENT 6 HOUR : WEAK RED_INDECISIVE←[0m ←[32mRECENT 1 HOUR : STRONG GREEN←[0m ←[31mRECENT 1 MINUTE : WEAK RED_INDECISIVE←[0m BTCUSDT POSITION : NO_POSITION ACTION : 🐺 WAIT 🐺 Last action executed @ 10:29:45

What seems to be the problem here?

[zyairelai]

Kindly go to https://www.bitmex.com/app/trade/XBTUSD

Set the candle type to Heikin Ashi and look at the 6 hour timeframe. Only 2 solid green candle or 2 solid red candle can be considered as clear direction.

As you said you run the code for 12 hours however, the recent 2 candles, is not solid green. This is called indecisive, where there is a wick up and down. When in this indecisive trend, this is where people gamble and get liquidated. Because you won't know in which direction to go, it will eat both long and short.