Gunthy
GUNBOT: The automatic profit generator => General Discussion => Topic started by: TvZ on April 26, 2017, 08:04:57 PM
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Hi all,
In my config files there's LOW_BB & HIGH_BB and i'm using the default 5% for both.
Does 5% means it will buy/sell between the BB lines with a 5% distance from the lines?
Does it means it needs 5% outside the lines before buy/sell?
And what is the difference between 5% and for example 25%?
Below i added a screenshot with the 2 BB lines in it, if someone could add some dots into
it as an example or using the prices on the right as example, i would be very grateful.
(http://i.imgur.com/KLbfJg4.png)
(i did some searches but couldn't find a clear answer)
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Does 5% means it will buy/sell between the BB lines with a 5% distance from the lines?
You did it: the easiest explanation ever.
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Does 5% means it will buy/sell between the BB lines with a 5% distance from the lines?
You did it: the easiest explanation ever.
Haha ;D
I saw that there were some people that had the same question.
There's a lot of info about BB to find but about this i couldn't find
a clear answer and for a non-expert like me all the technical talk isn't
always clear.
But thanks to the Gunbot Telegram group and this forum i'm learning
a lot.
Thanks :)
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Below i added a screenshot with the 2 BB lines in it, if someone could add some dots into
it as an example or using the prices on the right as example, i would be very grateful.
With %LowBB=5 and %HighBB=5, we get this, the green area is where the bot is allowed to buy, which is 5% above lower BB and below, the pink area is where the bot is allowed to sell, which is 5% below upper BB and above
The value of these two parameters are the % of the distance (between the two Bolinger Bands).
(http://img4.hostingpics.net/pics/637073BBusermod.png)
In Spring, 2010, John Bollinger introduced three new indicators based on Bollinger Bands. They are BBImpulse, which measures price change as a function of the bands; percent bandwidth (%b), which normalizes the width of the bands over time; and bandwidth delta, which quantifies the changing width of the bands.
%b (pronounced "percent b") is derived from the formula for Stochastics and shows where price is in relation to the bands. %b equals 1 at the upper band and 0 at the lower band.
(Source: https://en.wikipedia.org/wiki/Bollinger_Bands (https://en.wikipedia.org/wiki/Bollinger_Bands))
With Gunbot we just multiply %b by 100, and when talking about %HighBB, we start from 0 at uper BB up to 100 at lower BB
For %LowBB it starts at 0% at the lower BB and grows as we move up to reach 100% at the upper BB
For %HighBB it starts at 0% at the upper BB and grows as we move down to reach 100% at the lower BB
You can even use negative values (if you want to buy below Lower BB or to sell above uper BB
Explanation of the strategy initial idea here: https://gunthy.org/index.php?topic=99.0 (https://gunthy.org/index.php?topic=99.0)
Hope this helps
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@Clannad
Thanks you very much for the graphic explanation, now i fully understand how it works! :)
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@Clannad
Thanks you very much for the graphic explanation, now i fully understand how it works! :)
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:)
Best explanation ever! Should be pinned. Thx @Clannad
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Below i added a screenshot with the 2 BB lines in it, if someone could add some dots into
it as an example or using the prices on the right as example, i would be very grateful.
With %LowBB=5 and %HighBB=5, we get this, the green area is where the bot is allowed to buy, which is 5% above lower BB and below, the pink area is where the bot is allowed to sell, which is 5% below upper BB and above
The value of these two parameters are the % of the distance (between the two Bolinger Bands).
(http://img4.hostingpics.net/pics/637073BBusermod.png)
In Spring, 2010, John Bollinger introduced three new indicators based on Bollinger Bands. They are BBImpulse, which measures price change as a function of the bands; percent bandwidth (%b), which normalizes the width of the bands over time; and bandwidth delta, which quantifies the changing width of the bands.
%b (pronounced "percent b") is derived from the formula for Stochastics and shows where price is in relation to the bands. %b equals 1 at the upper band and 0 at the lower band.
(Source: https://en.wikipedia.org/wiki/Bollinger_Bands (https://en.wikipedia.org/wiki/Bollinger_Bands))
With Gunbot we just multiply %b by 100, and when talking about %HighBB, we start from 0 at uper BB up to 100 at lower BB
For %LowBB it starts at 0% at the lower BB and grows as we move up to reach 100% at the upper BB
For %HighBB it starts at 0% at the upper BB and grows as we move down to reach 100% at the lower BB
You can even use negative values (if you want to buy below Lower BB or to sell above uper BB
Explanation of the strategy initial idea here: https://gunthy.org/index.php?topic=99.0 (https://gunthy.org/index.php?topic=99.0)
Hope this helps
ok so a series of questions and understanding:
1- gb buys when it is near 5% on the lower bb.. yes/no?
2- when does it sell the above bought ? is some % profit confgured which triggers this ?
3- what happens if the price drops and doesnt come up after the buy from bb ? Is this where the bags are created ?
4- is there any details of other strategies found anywhere ?
thanks
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@Clannad
what application is that please to draw such a chart. I don't think i can find that in coinigy.
Cheers.
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looks like a screenshot from poloniex. they just are using "night mode" color theme