Hi Guys,
Quick question... first time testing your margin maker bot
so i started the bot couple of days ago... saw a few trades completed.. but then ark went up above my range..
question is, why is the BUY order stuck outside (below) range from around where bot was started
here's where i'm at:
I thought MM Bot will adjust up or down accordingly so that it can keep making trades?
Is this a feature, bug, or am i missing something here?
Your picture doesnt show the whole screen but I am going to guess that you used all of your BTC balance and the buy blue line is the highest that your BTC balance allows to buy that coin for.
A good practice is to never use all of the available funds to leave room in case the price increases. (I never buy over 90% myself).
I see, and yes i've spent all my BTCs already.. however, shouldn't the Bot simpy adjust qty? coz i have specific btc i want bot to play with, i dont care about the qty of coins purchased.. so if i dedicate, say 1BTC to bot, and value goes up, then bot should simply place 1BTC order at higher level, right? I dont undersrtnd why bot is volume/qty centric (if your theory is true).. seems odd to be that way. 2% gain on 1BTC is same on any level of entry and any number of coins.
I really hope that there's an option to margin trade based on BTC set, not coin amount.. coz basing it on coin amount is dangerous, one can get rekt.
if im risking 1BTC only and coin value goes up, bot should just risk the same amount 1BTC regardless of new levels. i dont understand why Leonardo (or at least by default) is focused on coin quantity when trading rather that BTC value. I hope there's an option here.
On side note... For PING PONG strategy, why isnt there an option for stop loss? i caught myself in heavy bags due to this lacking feature. ping pong is great so long as leonardo can stop loss / sell if shit goes under certain value
seems like this should be one of the very basic features the bot should have ...
Very good feature for the ping pong strategy. I like it.
As for the amount invested I think its done that way so that the strategy can track the buys and sells. If it dealt with BTC instead it would have to keep track that it created a buy for x btc and the sell for x btc, this way it just tracks X amount for the coin for both buys and sells.