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GUNBOT: The automatic profit generator
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What to do in Steep Downward Trends (bb)?
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Topic: What to do in Steep Downward Trends (bb)? (Read 12069 times)
srfnmnk
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Posts: 8
What to do in Steep Downward Trends (bb)?
«
on:
January 10, 2018, 04:44:16 PM »
With the BTC-USD market banging around on the support line I'm wondering if this starts to become a more common chart; especially if the market turns bearish.
I'm curious as to what the bot would do in the attached scenario with a BB strategy and the following non-default parameters. Notice that the highs rarely hit the SMA (band midpoint) and since my stop_limit is set to the default of 60 I don't think the bot would have sold for a loss in this scenario. What's a good way to defend against this down-slope and not wind up with a bag and/or money tied up for days-on-end?
Thank you.
LOW_BB = 25
HIGH_BB = 40
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Last Edit: January 10, 2018, 08:55:55 PM by srfnmnk
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sloaleks
Contributor
Posts: 610
Re: What to do in Steep Downward Trends (bb)?
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Reply #1 on:
January 11, 2018, 06:31:03 AM »
Disable buy until it is over, if you catch it on time. If the bot already bought, several options, but in general you're screwed for some time.
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srfnmnk
Rookie
Posts: 8
Re: What to do in Steep Downward Trends (bb)?
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Reply #2 on:
January 12, 2018, 04:37:37 PM »
Thanks for the reply.
That's what I figured. I did do a little science project replaying what would have happened if I used some buy down options and it can get expensive fast but I think I found a way that will work in most scenarios. If it goes to zero...well...you're hosed and good thing you have a stop loss I suppose.
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sloaleks
Contributor
Posts: 610
Re: What to do in Steep Downward Trends (bb)?
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Reply #3 on:
January 12, 2018, 08:08:51 PM »
well, I tried stop loss in the earlier versions, found out it was not really dependable.
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What to do in Steep Downward Trends (bb)?