One of the best ways to adjust Profit Trailer settings based on changing market conditions, is to use PT Magic's OFFSET and OFFSETPERCENT feature. Rather than writing completely new settings and values for every market condition you specify, you can simply increase or decrease the values of those settings by a specified amount.
For example, you may be using a LOWBB strategy for buys. During a downtrend, PT Magic triggers your "Bear" setting and reduces your LOWW buy strategy value by 25% from 40, to 30. Or it might decrease your initial buy value by 50%. Conversely, during an up-trend, you might want to increase your LOWBB value by 25%, and increase your initial buy by 25%. It is possible to use OFFSET or OFFSETPERCENT with any Profit Trailer setting that uses a numerical value.
This has two advantages.
First, it means you don't have to worry about adjusting individual values for every setting in PT Magic when tweaking and adjusting your settings. LOWBB 30 in your sideways settings, LOWBB 10 in your bear settings, LOWBB 50 in your bull settings, LOWBB 0 for any coin in a long-term downtrend, LOWBB 40 for a coin in a long-term uptrend, etc... This all adds up to a lot of tedious work anytime you are tweaking your strategy values. Instead, you specify an OFFSETPERCENT in your PT Magic global and coin-specific settings, and you only have to adjust your LOWBB value in a single place -- your PAIRS settings file -- and it will affect every PT Magic setting that adjusts that value using OFFSETPERCENT.
Secondly, coin-specific OFFSET and OFFSETPERCENTAGE stacks with your global market OFFSET and OFFSETPERCENTAGE. For example, if you have a global market setting for a bearish market trend that reduces your initial buy amount by 50%, and you have a single market setting for an up-trending coin that increases the initial buy amount by 25%, then the value is first reduced 50%, and that result is increased 25%. So, your global setting during a bearish market reduces your initial buy from $100 to $50, but up-trending coins would have an initial buy value of $62.50.
This approach works for every setting you can adjust with PT Magic, so that global market trends and coin-specific trends work together to create more finely-tuned and responsive settings for each coin. It allows your bot to take both the global market trend and the coin-specific trend into account when deciding how to adjust your settings. Your bot will be less likely to buy a down-trending coin in an up-trending market, and less likely to miss out on up-trending coins in a down-trending market. All the while, it makes your life easier, since you only have to adjust one number, in one place, to tweak your strategies across all possible settings.
General
Getting Started
Settings
Guides
- Writing Properties
- Offset and Offset Percentages
- Single Market Settings
- MinChange & MaxChange
- Off Triggers (SMS Only)
- Updating PT Magic
- Editing JSON files
- DCA Calculator
- Sales Analyzer
- Reset PTM Data