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zyairelai / futures-hero

❗ HIGH RISK ❗ Scalping Trading on Binance Futures
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TP and SL #6

Closed Heinux closed 3 years ago

Heinux commented 3 years ago

Hello I saw that you have 2 functions TP and SL but they are unused. When you will turn them ON ?

zyairelai commented 3 years ago

It is not recommended to turn that on. Binance can track your trading style, they know exactly how you place your stoploss, trailing stop and take profit etc.

On the other hand, the Futures Market is not the same market as the Spot/Margin Market. Therefore, Binance has the ability to manipulate the Futures Market Price. https://www.binance.com/en/support/faq/d4b75eabeebf4a35a607f17a99fca8f4

In my strategy, I have the exit strategy when direction change which can cover the same ability of stoploss and take profit as an alternative. The only downside is if Binance server decided to freeze and having shitty maintenance during big price movement, then this bot will be dead without stoploss, lol