Bearish market and bags

[AI]

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?

[paramecie]

>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 -

[mcsewnab]

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.

[trancos2002]

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 🥴)

[Aitor]

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