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Beginners & Help / Re: Beginner question - how to deal with initial bags?
« on: December 29, 2017, 04:42:13 PM »
In the wiki, they talk about this: https://github.com/GuntharDeNiro/BTCT/wiki/Handling-bags
I still don't know enough about DOUBLE_UP to actually use it, (how often it buys, how to tweak params, etc...), so I usually do something similar manually. e.g.
Say I bought 1000 XYZ coins at 2500 sat, and the price is now 1100 sat. I had my STOP_LIMIT set too high so my bot didn't sell when XYZ dropped.
The chart looks like the price will go back up to around the 1900 sat range in the next day or so.
If I have the resources, I buy another 1000 XYZ at the new price (or lower).
This reduces my average bought price to 1800 sat (or lower) , so, I change the bot params to sell all at this price or a little higher and wait.
Otherwise, I just sit and hodl.
I still don't know enough about DOUBLE_UP to actually use it, (how often it buys, how to tweak params, etc...), so I usually do something similar manually. e.g.
Say I bought 1000 XYZ coins at 2500 sat, and the price is now 1100 sat. I had my STOP_LIMIT set too high so my bot didn't sell when XYZ dropped.
The chart looks like the price will go back up to around the 1900 sat range in the next day or so.
If I have the resources, I buy another 1000 XYZ at the new price (or lower).
This reduces my average bought price to 1800 sat (or lower) , so, I change the bot params to sell all at this price or a little higher and wait.
Otherwise, I just sit and hodl.