"he must create orders always on top of book orders".
Yes, exactly! Always stay on top of book orders buy/sell.
I think this is very important because what if the market goes up and I stuck on a "bad" buy order that is too low? I'd rather keep trading and on average I will still gain even if some trades lose, because I am making the market (the spread) between buys and sells, on average this will be at least 2%+ and sometimes the market will move my direction and I'll make much more. It will all average out.
It's just like sports betting - you don't win every bet. You just want to win 55%+, over long term, you will make more BTC this way. I don't care about 100% win rate. I will just end up having to manually reset the orders and it defeats the whole point of the program and I will just go back to manual trading. Nearly every day Cryptos move 10% plus and I don't want my orders getting left in the dust.
It seems like it would be relatively simple to add, you have a lot of settings like this already?
Does anyone else agree? What would be "prohibitive" cost to add?
Thanks!
I would also like to know if this can be done.
I hate waking up with buy orders that tanked 20%.
I would prefer to constantly trade in the min% no matter if i am at a loss.
Any suggestions?
So, we're in the same bot.
No suggestions. We just have to wait for Sampey to fix it.
What is all broken? Should I even be using it? Any feedback would be great!
Regards,
Brian
Are you using it currently?
It's fine if you want a 100% guaranteed profitable trades. That is currently a forced feature of CAT.
kieco and I agree this is unrealistic. We just want the bot to trade with the orderbook. Otherwise, orders will get "stuck" sitting there forever when the market makes a move up or down. You'll just end up manually cancelling and reinserting them, defeating the point of the bot.
Nobody will have more than 50%-60% winning trades. Markets move. The way the bot should be designed to make money is on the average spread between bid and ask.
If it averages 3%, the on average, you'll make 3% roi per trade. 1% spread = 1% average ROI. Sometimes you'll profit more, sometimes less.
Wider markers are out there, but you'll get less volume.