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Author Topic: Tight margins - Low panic sell threshold  (Read 17446 times)

Offline LiamTings

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Tight margins - Low panic sell threshold
« on: October 04, 2017, 11:49:07 AM »
Hey Guys,

I was just wondering if anyone has had any luck using a fairly aggressive strategy but keep their security margin close (5-10% of purchase price)

In my mind I'm wondering if I can pursuade the bot to buy and sell frequently while a price walks the bollinger bands, then on a dive it buys, panic sells once then waits until it stabilises. 

But then I'm wondering if what I want to happen and reality are two very different things!   ;D

I should clarify, my aim being to reduce holding bags of anything other than BTC for any length of time.
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Offline paramecie

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Re: Tight margins - Low panic sell threshold
« Reply #1 on: October 04, 2017, 11:57:32 AM »
Simply use the STOP_LIMIT at the % you wish to sell.
Example for 5% under, set STOP_LIMIT=5.

Depending the version, it'll work more or less at this % value, or not - sincerely I don't know. But it's what it's suppose to do.
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Offline sloaleks

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Re: Tight margins - Low panic sell threshold
« Reply #2 on: October 04, 2017, 11:58:12 AM »
If my mind still works like it should, then the described way in all likelyhood will not bring a lot of profit. But it is by all means possible to set up (or at least it should be).
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Offline paramecie

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Re: Tight margins - Low panic sell threshold
« Reply #3 on: October 04, 2017, 12:03:05 PM »
>If my mind still works like it should, then the described way in all likelyhood will not bring a lot of profit.

Your mind's working well. This is an automatized loss making system unfortunately.

Please watch this (OP, mainly), 4 minutes that can save your life, really:
https://www.youtube.com/watch?v=j5PYredaIHo
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Offline LiamTings

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Re: Tight margins - Low panic sell threshold
« Reply #4 on: October 04, 2017, 04:49:53 PM »
Quote from: paramecie on October 04, 2017, 12:03:05 PM
>If my mind still works like it should, then the described way in all likelyhood will not bring a lot of profit.

Your mind's working well. This is an automatized loss making system unfortunately.

Please watch this (OP, mainly), 4 minutes that can save your life, really:
https://www.youtube.com/watch?v=j5PYredaIHo

Thanks, this helps! 
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Offline sloaleks

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Re: Tight margins - Low panic sell threshold
« Reply #5 on: October 05, 2017, 06:25:28 AM »
Quote from: paramecie on October 04, 2017, 12:03:05 PM
>If my mind still works like it should, then the described way in all likelyhood will not bring a lot of profit.

Your mind's working well. This is an automatized loss making system unfortunately.

Please watch this (OP, mainly), 4 minutes that can save your life, really:
https://www.youtube.com/watch?v=j5PYredaIHo
;)
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