Updated ProxyBot PAIRS.properties (markdown)
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@ -116,4 +116,30 @@ This options however will skip order book and set the specified bought price and
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`BTC_XRP_override_bought_date = 2017-01-01`
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`BTC_XRP_override_bought_date = 2017-01-01`
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# Examples
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# Examples
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Coming up
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### How does trailing profit work?
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sell value is the amount you want as profit
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if you dont set trailing profit
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as soon as the price reaches that amount
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BOOM! the bot sells
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Now you say. I want 0.5% trailing_profit. meaning. I want to risk 0.5 in order to gain more.
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why risk
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if you have sell_value at 2%
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the bot will not sell anymore when it reaches 2%
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because we gave it 0.5% breathing room
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so if the price goes to 2.3% we mark that down as the highest value
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now the price goes down to 1.9%
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the bot wont sell because it is under our 2% gain value and 0.4% change is still within our breathing room
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0.4% = 2.3 - 1.9
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that is the risk I am talking about.
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The profit reached 2% but the bot did not sell because of trailing profit.
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Now if the price continues to go down. You are left with a bag.
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But not this time!
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The price goes up to 2.8% then 3.5%
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So we mark down 3.5% a our highest value
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then the price reaches for 3.7% profit!
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So when will we sell? Our gain was set at 2%!
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In a sudden movement the price goes down to 3.1% just like that.
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3.7% - 3.1% = 0.6%
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Our trialing profit was set at 0.5% and 0.6% is > 0.5% so enough risk. now we sell!
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