Gunthy
GUNBOT: The automatic profit generator => Beginners & Help => Topic started by: fartdog on September 02, 2017, 02:46:14 AM
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Does anyone know if the bot takes into account the spread of the bid/ask. I am making 2% on a bunch of trades with default BB/BB 25 settings, but overall my total account doesn't seem to grow and I am wondering if this is because some of the altcoins are greater than 2% on their spread.
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Hi. I'm not sure I understand what you're asking. The bid of the spread/ask wouldn't influence the Bollinger Bands (BB) or the GAIN settings.
If I had to guess what's influencing your profit.. it might be that Bitcoin is surging. So having money in alt coins results in a comparative loss as bitcoin itself pushes higher. But that's just a guess.
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let me see if I can explain it using fake easy numbers to explain the way i understand profit and spread and other fees.
Some exchanges just flat out charge per trade on every trade. I am seeing this normally at about .25% per trade.
Some exchanges do a Taker and Maker structure with their fees. Takers (people who do market orders) pay a .3% fee, and Makers (those who do limit orders) pay 0% fee
Then there is the price difference between the bid and ask. Depending on volume, the exchange used the difference between the bid and ask can be 0-5%
Say I am buying something that has spread of 2%. Does Gunbot sell 2% higher than when I bought it, or does it know there was a big spread so I would actually need to sell at 4% to make 2% profit.
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I believe its been discussed in the forums before. If we review the logs of the Gunbot you can see that it is taking into consideration.