You should be very careful with this one, because IMO it does not have enough control to make it work in a way that would be profitable.
And keep in mind its not a simple double. It buys like this...1x 2x 4x 8x etc.
When I tested double_up, it was buying sideways and in one case slightly up, when it should have been averaging down.
Currently, using double_up, GB buys when the upper Bollinger Band drops below the latest average buy price.
But in my case it was sort of buying all over the place so it was not averaging down.
And it keeps on buying doubling up every time based on the averaged price when that price crosses the upper bollinger band.
Doesn't work for me.
What the developers need is a single_up option and a double_up option, both with limits on how many cycles it will buy.
Both with conditions to be met.
IE not everybody wants to double_up. At times, I would prefer to single_up whenever a condition is met. IE only buy the same amount every time. Always buy 1x. Like set it up to single_up twice max.
At times double-up would be best if you have the funds.
But the problem is, how it is running now, it is sort of uncontrollable and solely dependent on the upper bollinger band.
DOUBLE_UP should be controlled BY CONDITIONS, something like this...
Maybe the developers will read this.
Say the price is 100 and you own 10 coins.
Double_up conditions to be met, should have at least these options below IMO.
Xtend = down
RSI = whatever you set - say 20.
Price = % below the last buy - say 10%
Share multiplier = amount above the previous buy - say 1 for this test.
Number of average down buy cycles = maximum times GB will average down if conditions are met = say 4 double_up cycles for this test
So, in this test case you would double up when the trend is down, RSI is 20 or below, and the price is 10% below the last buy. First buy is 1x.
Price down to to 90, conditions are met, GB 1x buys 10 at 90.
Price down to 81, conditions are met, GB 2x buys 20 at 81.
Price down to 73, conditions are met, GB 4x buys 40 at 73.
Price down to 65.7, conditions are met, GB 8x buys 80 at 65.7.
After losing 34% in position, you would have bought 15x coins and your average price would be 71.31.
Double_up definatly needs more control.
