From 5112f523e31b4335328b43c6d733065857635fce Mon Sep 17 00:00:00 2001 From: taniman Date: Thu, 14 Sep 2017 22:14:28 +0200 Subject: [PATCH] Updated ProxyBot PAIRS.properties (markdown) --- ProxyBot---PAIRS.properties.md | 28 +++++++++++++++++++++++++++- 1 file changed, 27 insertions(+), 1 deletion(-) diff --git a/ProxyBot---PAIRS.properties.md b/ProxyBot---PAIRS.properties.md index 492db06..2ae767b 100644 --- a/ProxyBot---PAIRS.properties.md +++ b/ProxyBot---PAIRS.properties.md @@ -116,4 +116,30 @@ This options however will skip order book and set the specified bought price and `BTC_XRP_override_bought_date = 2017-01-01` # Examples -Coming up \ No newline at end of file + +### How does trailing profit work? +sell value is the amount you want as profit +if you dont set trailing profit +as soon as the price reaches that amount +BOOM! the bot sells +Now you say. I want 0.5% trailing_profit. meaning. I want to risk 0.5 in order to gain more. +why risk +if you have sell_value at 2% +the bot will not sell anymore when it reaches 2% +because we gave it 0.5% breathing room +so if the price goes to 2.3% we mark that down as the highest value +now the price goes down to 1.9% +the bot wont sell because it is under our 2% gain value and 0.4% change is still within our breathing room +0.4% = 2.3 - 1.9 +that is the risk I am talking about. +The profit reached 2% but the bot did not sell because of trailing profit. +Now if the price continues to go down. You are left with a bag. +But not this time! +The price goes up to 2.8% then 3.5% +So we mark down 3.5% a our highest value +then the price reaches for 3.7% profit! +So when will we sell? Our gain was set at 2%! + +In a sudden movement the price goes down to 3.1% just like that. +3.7% - 3.1% = 0.6% +Our trialing profit was set at 0.5% and 0.6% is > 0.5% so enough risk. now we sell! \ No newline at end of file