I know that lower margin and low leverage are also farther away from the liquidation price, so is it okay to set low margin and low leverage first to avoid losing if your strategy doesn't work, and then add if does the price follow your strategy? Is this also your strategy?
Leverage is the easiest way to get an account all blown off. Low leverage and low margin keeps your trading strategy in check. As a trader matter how good your strategy might appear it won't give you a profitable trade at all times. But with low leverage and low margin keeping it all in check it helps save trades both in losing and winning trades 
Topic: Is this also your strategy to avoid hitting your stop loss early? - page 3. (Read 449 times)
April 13, 2022, 03:54:38 AM
April 13, 2022, 03:14:32 AM
Is Gunbot using API to trade? What’s the difference between Binance Grid Trading strategy to Gunbot? I know Gunbot for a long time but I never try to use it because I don’t how to use an API or the technicalities of it. Currently doing Grid trading on Binance since it has Neutral, Long and Short position feature that is effective for DCA trading/scalping.
Yes it uses API to trade. Gunbot has grid strategy as well, you can see my video here. The differences between the two is that you could automate everything to how much is going to be calculated per trade and not needing to know which direction you should pick because it will be determined by indicators already. It will be easy to setup the APIs to trade. If you purchase Gunbot, you would be automatically enrolled to Gunbot school where you would learn everything about it. It's not that complicated and I would be willing to assist you if you want.
April 13, 2022, 03:09:48 AM
Yes of course. I think you have the right idea to have a lower setting of leverage and have it far away from your liquidation limit. Because if you would be able to do that then you should be able to handle a couple more trades when you are against the thread. You can average your entry price as long as your account can handle it in the right direction. DCA-ing it is going to be okay and that's one of my strategies as well that I use automatically.
It's such a pain to do it manually that's why I use a trading bot like Gunbot. It just makes my life easier and it continues to trade for me 24/7.
It's such a pain to do it manually that's why I use a trading bot like Gunbot. It just makes my life easier and it continues to trade for me 24/7.
Is Gunbot using API to trade? What’s the difference between Binance Grid Trading strategy to Gunbot? I know Gunbot for a long time but I never try to use it because I don’t how to use an API or the technicalities of it. Currently doing Grid trading on Binance since it has Neutral, Long and Short position feature that is effective for DCA trading/scalping.
@chipard, That’s the strategy if there’s no trend and you didn’t know the direction of the trend but if there’s a define trend direction, Opening position with fix leverage and margin is better to get huge profit on the trend.
April 13, 2022, 02:58:29 AM
I know that lower margin and low leverage are also farther away from the liquidation price, so is it okay to set low margin and low leverage first to avoid losing if your strategy doesn't work, and then add if does the price follow your strategy? Is this also your strategy?
First your title of the topic is misleading as I was looking to see where you will mention stopping lose in your message but it was never mentioned and yet stop-loss appears in your title which is what got my attention in the first place, low leverage is recommended for slow and long liquidation time and that give traders a lot of opportunities to cash in their gains before the liquidation amount is reached, but that can not be said when you set high liquidation the maximum I can go is 2x if not I remain in my 1x and this always gives me peace of mind during trading. April 13, 2022, 01:47:08 AM
Yes of course. I think you have the right idea to have a lower setting of leverage and have it far away from your liquidation limit. Because if you would be able to do that then you should be able to handle a couple more trades when you are against the thread. You can average your entry price as long as your account can handle it in the right direction. DCA-ing it is going to be okay and that's one of my strategies as well that I use automatically.
It's such a pain to do it manually that's why I use a trading bot like Gunbot. It just makes my life easier and it continues to trade for me 24/7.
It's such a pain to do it manually that's why I use a trading bot like Gunbot. It just makes my life easier and it continues to trade for me 24/7.
April 13, 2022, 12:13:03 AM
I know that lower margin and low leverage are also farther away from the liquidation price, so is it okay to set low margin and low leverage first to avoid losing if your strategy doesn't work, and then add if does the price follow your strategy? Is this also your strategy?
Taking low leverage is recommended because if you take big leverage, the exchanges usually liquidate you. You might have seen many wicks on the trading chart which are infact the liquidation wicks.
Stoploss placement and low leverage are two seperate things. First you need take low leverage and then place a stoploss, so that if the market moves in oppsoite direction of your trade, you are out of the trade with minimum loss and do not liquidate the account.
April 12, 2022, 11:48:19 PM
I know that lower margin and low leverage are also farther away from the liquidation price, so is it okay to set low margin and low leverage first to avoid losing if your strategy doesn't work, and then add if does the price follow your strategy? Is this also your strategy?
Taking low leverage is recommended because if you take big leverage, the exchanges usually liquidate you. You might have seen many wicks on the trading chart which are infact the liquidation wicks.
Stoploss placement and low leverage are two seperate things. First you need take low leverage and then place a stoploss, so that if the market moves in oppsoite direction of your trade, you are out of the trade with minimum loss and do not liquidate the account.
April 12, 2022, 06:57:19 PM
I know that lower margin and low leverage are also farther away from the liquidation price, so is it okay to set low margin and low leverage first to avoid losing if your strategy doesn't work, and then add if does the price follow your strategy? Is this also your strategy?
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