can u pls calrify me somethings?
For the "Static Ping Pong" strategy, what's the stop loss policy for it (if there's one)? I mean if I'm having loss with a buy order how can I stop this loss and close my position (sell) automatically? Is there anywhere I can set this?
The same qustion applies to "Margin Maker". I'm using the demo version, and I was in loss, but no stop loss was applied to my buy order. How can I fix this? Also can u pls explain me better how this "Margin Maker" strategy works? what's buy/sell margin, and "min efferctive gain" option? What's the stop loss policy for it? what's take profit policy? I could see it adapts the "limit sell" order automatically sometimes. so how does it really work?
Thnx.
Hi leomedina01,
Thanks for checking out leonArdo.
There is currently no stop loss functionality in the bot - we are adding it soon.
We do support stop loss and trailing stop on the bitfinex exchange as they provide for it in their API. But we realise we cannot rely on all exchanges to add this into their API and there will have to be a leonArdo specific solution.
The main difference between the static ping pong and mArgin maker bots is that the ping pong bot is static and the mArgin maker in dynamic. What that means is that with the ping pong bot you explicitly set a buy and sell price and that is all the bot does. If the course bounces between those pre-determined prices the bot will cycle through buy and sell orders. In contrast to this you don't set a buy and sell price for the mArgin maker bot, but rather you set a relative margin which adapts based on the history window - which continually adapts to what has happened. This means that it allows for prices to be dynamically chosen. There are other parameters you can set to ensure the bot behaves like you want it to such as: don’t sell below a certain price or ensure a min gain has been achieved.
The minimum effective gain allows you set the amount you want to make on each trade cycle. This is the amount after exchange fees have been subtracted. Setting a negative value allows the bot to make a loss in the hope that it can continue trading and make a gain. Otherwise, the bot would stop until the course came back to it.
The take profit mechanism has nothing to do with the mArgin maker bot, but rather it is a leonArdo margin trading feature. I discuss it in the margin trading video you can find here: http://www.marginsoftware.de/tutorial.html
Best wishes,
Jonathan
Ok. Thx for the prompt reply.
What I called of "take profit" is in fact the "limit sell" order the bot creates after a buy order is executed. I saw this "limit sell" order was not executed sometimes although the target price has been hit.
Like here: Why it didn't sell here > http://prntscr.com/ehfzo6 ?
You can see there's a "limit sell" order to 0.00009823, but price hit 0.00009994, but sell order was not executed
Another thing I noticed is for example selected timeframe is 3D, but candle displayed is for 1H timeframe > http://prntscr.com/ehglr6. Pls let me know if this is the correct behaviour.
Thanks.
Hi leomedina01,
The demo market tries to emulate what would happen on the real market, but seems like here it misfired? Without the logs I couldn't tell you why, but my guess would be that you had a network out issue at the point the course went through your sell order and that's why it didn't execute.
If you were using the real version and that was a real limit order on the exchange it would have been filled.
As for the candles, I am not sure I understand. The buttons at the top of the chart show the time frame and this then determines the time frame of the individual candles. For example in the 3 month view the candles are 1 day, in the 1D view the candles are 30 min and in the 30 minute view the candles are 1 minute candles.
All the best,
Jonathan
Thnx for all prompt replies Jonathan.
I'm about to purchase Leonardo, I'm only concerned about the fact it does not have a way to set a stop-loss for poloniex orders. Do you think this is something I really need to be concerned about? Do you think it's safe trading without a stop-loss?
I mean suppose I cannot be in front of my pc all the time looking in the chart. Do you think it's safe being out for some hours (ex. for sleep) and leave the bot go alone, without any stop-loss? do you think it's safe? Just need an honest answer.
Regards.
Legally I cannot give you such 'financial advice', but I understand your concern.
I can tell you that we have hundreds of customers who are using leonArdo's bots without stop loss. But we will add this functionality soon, so you could wait until it's there.
I'm really happy you like leonArdo and might purchase a copy soon!
Thanks for your support,
Jonathan