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Author Topic: Averaging down when markets fall  (Read 4020 times)

Offline martan

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Averaging down when markets fall
« on: May 25, 2017, 09:09:12 AM »
Hello,
Is there a way to tell bot to buy more on falling market?

For example:
yesterday I bought NMC with 0.01 BTC (with setting Max balance trade 0.01)

Today I am sitting on the bag of NMC with 20% loss

Can I increase Max balance trade to 0.02 to instruct bot to buy more NMC?

Or is there any other way to achieve this?

thx

Offline QuantumMiner

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Re: Averaging down when markets fall
« Reply #1 on: June 21, 2017, 08:07:34 PM »
I did that with some of my pairs to increase volume for those that "deserved" it and it worked smoothly. If you are on BB strategy bot may not necessarily buy more immediately, but on next feasible occasion. Mind you, it is safest to increase Max balance trade for pairs you already TESTED for profitability on smaller scale.