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Author Topic: Bearish market and bags  (Read 4383 times)

Offline AI

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Bearish market and bags
« on: September 19, 2017, 04:53:11 PM »
Hey guys,

I was wondering if it is smart to turn off the bot in a bearish market?
What will happen with your bags when you restart the bot in better market conditions?


Offline paramecie

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Re: Bearish market and bags
« Reply #1 on: September 19, 2017, 05:23:08 PM »
>I was wondering if it is smart to turn off the bot in a bearish market?

Personnaly I state "buy_enabled"=false, it's better, so you've a chance to sell if a Bull appears ;-)

>What will happen with your bags when you restart the bot in better market conditions?

It should restart fine, I guess.
Depending the version maybe.
I use 5.0.4

HTH -

Offline mcsewnab

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Re: Bearish market and bags
« Reply #2 on: October 04, 2017, 01:32:49 AM »

I keep a close eye on BTC price and if that starts to drop I watch trade activity and when it starts to slow down I turn off buys. There have been times when I shut off buys for an hour or other times days.

When I start seeing some of my existing bags start to move up again I'll turn buys back on.

Offline trancos2002

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Re: Bearish market and bags
« Reply #3 on: August 07, 2019, 11:13:07 PM »

I keep a close eye on BTC price and if that starts to drop I watch trade activity and when it starts to slow down I turn off buys. There have been times when I shut off buys for an hour or other times days.

When I start seeing some of my existing bags start to move up again I'll turn buys back on.

How is the best way to turn off  buys? (Newbie detected 🥴)

Offline Aitor

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Re: Bearish market and bags
« Reply #4 on: August 09, 2019, 04:36:58 AM »
Quote

How is the best way to turn off  buys? (Newbie detected 🥴)

You can set "Buy_enabled" to false.

On the other hand, you can:

1- Use some protections like MFI, so it stops buying if BTC price is dropping.

2- Use stop loss

3- Trade pairs whose base coin is not BTC, for example: ETH-XXX, USDT-XXX etc...

4- Open shorts