Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Wild Thing Day Trader Cryptocurrency

Wild Thing Day Trader multiple Coins on faster time-frames by detecting volatility. This bot uses limit orders for low slippage. Input up to 5 coins per instance. Wild Thing can be a high risk/reward tool. It has an automatic trade size option. Recommended for users with greater than 1BTC. This is a mean reversion strategy (buy low). Wild Thing is the real thing.

Parameters Guide for Wild Thing Day Trader

Symbols – Enter pairs in the default format. Up to five.

Trade Primary Pair & Interval? – Trades the main instrument also. If you ONLY want to trade the primary, enter it in the symbols box and leave this checked. It is possible to trade 6 coins with this left checked.

Automatic Trade Size – Manages risk but also limits profit.

Trade Size – With the Automatic Trade Size unchecked, this becomes the default trade amount. You can set it as you like in the currency units (set in BTC if trading xxx/btc or set in USD if trading xxx/usd etc.). I’d suggest using this when running multiple bots. You can also increase it to get higher gains. Example: If you were trading 4 btc I’d suggest a setting of 1 (25% of total funds).

Buy Threshold – A Buy Threshold in percent. Higher than 0.9 may be too tight. Lower than 0.975 is probably too low.

Sell Threshold – This is the percent profit target (before fees). I don’t recommend beyond 1.02

Outbid Decimal – If you are having trouble getting fills you may increase this. The formula is Price * (1 + Outbid_Decimal).

Min trade at exchange – Smallest amount trade-able at your exchange in currency. This may need to be increased if you get repetitive balance errors. Find it at your exchange. If trading USD or USDT you’d set it in dollars.

Plot Colors – Prices are plotted and theme colors slowly fill the graph.

Sell Period – The number of periods until a trade is sold.

Order Timeout Seconds – Leave default unless you have a problem. (If Poloniex is slow try 65).

Not getting enough filled trades?

Increase the Outbid parameter for more aggressive orders. (could reduce profit).
Trade more coins by making another bot instance.
Switch to more volatile coins.
Raise the Buy Threshold closer to 1, (but not too close; 0.975 to 0.992 range.)
Try an instance on 1m period. Backtest for profitability first.
Not every order will get a fill. Please be patient and wait for its signals. It does not immediately start trading.

The post Wild Thing Day Trader Cryptocurrency appeared first on eagawker.com.



This post first appeared on EAGawker, please read the originial post: here

Share the post

Wild Thing Day Trader Cryptocurrency

×

Subscribe to Eagawker

Get updates delivered right to your inbox!

Thank you for your subscription

×