margin terminal is now FREE - bots for over 30 exchanges

[sarunw]

Another question on negative, when would the bot cancel positive sell order and switch to negative one if I set min.eff to be negative? After price drop below my buying price?

No,
Take a look at this screenshot.

https://imgur.com/Fk5YIwI

The eff margin gain will only kick in when the top horizontal red dotted line (the bottom of the buy margin) is lower than the last buy amount.

top horizontal red dotted line (the bottom of the buy margin)?

1--------
blue
2------
red
3-------
blue
4-------

Which line lower than last buy amount? before it make a new sell?

[1714214308]

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[1714214308]

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[1714214308]

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[1714214308]

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[1714214308]

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[p3ppymon]

Hello guys,

Is there anybody who can help understand how this bot works? I was trying it today but I find it not friendly.

regards

In the original post, there are some tutorial videos I advise you to whatch them so you get a better understandings how things work. The bot is very user friendly.

[ccoldfire]

anyone can help me pls,am just loosing money ,what am i doing wrong?min effective gain set to 1
this is a sample of what i am facing
https://imgur.com/a/WzrCF

[shariqkhan]

anyone can help me pls,am just loosing money ,what am i doing wrong?min effective gain set to 1
this is a sample of what i am facing
https://imgur.com/a/WzrCF

You should post a screenshot that shows your settings too. And do you have only one bot running or multiple?

[ccoldfire]

anyone can help me pls,am just loosing money ,what am i doing wrong?min effective gain set to 1
this is a sample of what i am facing
https://imgur.com/a/WzrCF

You should post a screenshot that shows your settings too. And do you have only one bot running or multiple?

only one bot and i closed it so the setting r gone,but i didn't change that much ,i increased the bottom margin a little bit ,min effective gain set to 1 and made a stop loss at 2%(maybe that is the cause i don't know)

[shariqkhan]

A bit hard to tell without the settings.
Next time you face such error, please make sure to take a screenshot.

Also curious whether it was Demo mode or the paid one?

[ccoldfire]

A bit hard to tell without the settings.
Next time you face such error, please make sure to take a screenshot.

Also curious whether it was Demo mode or the paid one?

it's a paid one,can u suggest me a currency that u think is good right now for the margin bot ,and also the optimal settings if u don't mind.
thanks

[Chimaera]

it's a paid one,can u suggest me a currency that u think is good right now for the margin bot ,and also the optimal settings if u don't mind.
thanks

I would think your 2% stop loss is too tight for the volatility of crypto. This would cause the bot to sell at every little dip in price. If you want to use stop loss try setting it below major support levels (study the chart to find them), this will likely be more than 10%.

[shariqkhan]

can u suggest me a currency that u think is good right now for the margin bot ,and also the optimal settings if u don't mind.
thanks

I can't tell you a currency name, but can give some suggestions.

1. The way margin maker works, it is best to go after stable currencies i.e the one which are generally not prone to 'pumps and dumps'

2. The currency you are trading in , should have high trading volume

3. The currency should ideally see a lot of swings (inside a range) within a day.
For eg, if a currency keeps fluctuating between 0.020 btc and 0.026 btc, then it will keep you chance to execute multiple trades within a day.

4. If the trade is in a clear downward trend, I would steer clear of the margin maker and trade manually instead.

5. Keeping in mind the above 4 points, I find that on a given day there are many such pairs to be found within the top 15-20 currencies.
You can go to https://coinmarketcap.com/all/views/all/ to get an idea.

6. Periodically keep reviewing the market, especially the currency which you are trading on. The margin maker is an excellent tool, but periodic manual supervision makes it work even better.

7. I prefer small effective gains over big ones. I keep my minimum effect gain less than 2%. The reason is I feel that a coin has more chances to gain 1% (and subsequently drop  a few percents) than gaining say 10%.
So lets say, you have kept the min eff gain as 8% and the currency keeps fluctuating between 3-4% gains (and drops), then it will be a long time before you would get a sell chance. And you would have missed multiple small trades of 1-2%, which in total MIGHT have made you more than the desired 8%.

Of course, all this is just personal opinion and not a hard and fast rule.

[Amaralluis]

Another question on negative, when would the bot cancel positive sell order and switch to negative one if I set min.eff to be negative? After price drop below my buying price?

No,
Take a look at this screenshot.

https://imgur.com/Fk5YIwI

The eff margin gain will only kick in when the top horizontal red dotted line (the bottom of the buy margin) is lower than the last buy amount.

top horizontal red dotted line (the bottom of the buy margin)?

1--------
blue
2------
red
3-------
blue
4-------

Which line lower than last buy amount? before it make a new sell?

The 2-----

It creates a sell at that value and then keeps loweringit until it reaches the eff min gain % value.

[Amaralluis]

anyone can help me pls,am just loosing money ,what am i doing wrong?min effective gain set to 1
this is a sample of what i am facing

96% loss?? Please post a screenshot of the whole screen. I am curious to see what happened.

[Amaralluis]

Defvader do you know of a simple method to detect the trend of a coin?
I am trying to learn to read MACD but everytime I think I got it right it doesnt go the way I thought it would.

There is no guaranteed way to detect trend.  As far as the bot goes I would like a feature added such as I described earlier. Essentially the bot would record x number of the last completed orders, lets say 300 for example, the number is set by the user. Then the user defines a trend number. Lets say 50 for example. So in this example the bot would compare the average price of the last 50 orders versus the average price of the last 300. If the aversge price of the last 50 is higher than the 300 then the price is trending up, and vice versa. Think of it as comparing two short moving averages to determine immediate trend. Its a simple, straightforward way to help the bot buy/sell at more profitable times.

As far as manual trading goes, look for confluence. Such as a MACD cross combined with a RSI rising above 30. You want a buy signal confirmed at least two indicators combined with a review of price action. Tons of great vids on YouTube about trading strategies and confluence.

Do you know how to read the sma lines?



I created a SMA yellow line for 100 candles and a red one for 50 candles.

What do they tell ya? I am seeing that it is in a upward trend although very slight incline but its going up and because the red line seems constantly parallel to the red line then the trend is to continue to go up?
Am I reading that right?

[ccoldfire]

can u suggest me a currency that u think is good right now for the margin bot ,and also the optimal settings if u don't mind.
thanks

I can't tell you a currency name, but can give some suggestions.

1. The way margin maker works, it is best to go after stable currencies i.e the one which are generally not prone to 'pumps and dumps'

2. The currency you are trading in , should have high trading volume

3. The currency should ideally see a lot of swings (inside a range) within a day.
For eg, if a currency keeps fluctuating between 0.020 btc and 0.026 btc, then it will keep you chance to execute multiple trades within a day.

4. If the trade is in a clear downward trend, I would steer clear of the margin maker and trade manually instead.

5. Keeping in mind the above 4 points, I find that on a given day there are many such pairs to be found within the top 15-20 currencies.
You can go to https://coinmarketcap.com/all/views/all/ to get an idea.

6. Periodically keep reviewing the market, especially the currency which you are trading on. The margin maker is an excellent tool, but periodic manual supervision makes it work even better.

7. I prefer small effective gains over big ones. I keep my minimum effect gain less than 2%. The reason is I feel that a coin has more chances to gain 1% (and subsequently drop  a few percents) than gaining say 10%.
So lets say, you have kept the min eff gain as 8% and the currency keeps fluctuating between 3-4% gains (and drops), then it will be a long time before you would get a sell chance. And you would have missed multiple small trades of 1-2%, which in total MIGHT have made you more than the desired 8%.

Of course, all this is just personal opinion and not a hard and fast rule.

Good points,specially number number 2 . Thanks

[Alkoxy1980]

anyone can help me pls,am just loosing money ,what am i doing wrong?min effective gain set to 1
this is a sample of what i am facing
https://imgur.com/a/WzrCF

That's a known bug with partial filled orders. The marks are not set correctly by leonardo and that is why it shows nearly -96%
It'll be fixed in the next update. Jonathan might correct me if I'm wrong.

[defvader]

Defvader do you know of a simple method to detect the trend of a coin?
I am trying to learn to read MACD but everytime I think I got it right it doesnt go the way I thought it would.

There is no guaranteed way to detect trend.  As far as the bot goes I would like a feature added such as I described earlier. Essentially the bot would record x number of the last completed orders, lets say 300 for example, the number is set by the user. Then the user defines a trend number. Lets say 50 for example. So in this example the bot would compare the average price of the last 50 orders versus the average price of the last 300. If the aversge price of the last 50 is higher than the 300 then the price is trending up, and vice versa. Think of it as comparing two short moving averages to determine immediate trend. Its a simple, straightforward way to help the bot buy/sell at more profitable times.

As far as manual trading goes, look for confluence. Such as a MACD cross combined with a RSI rising above 30. You want a buy signal confirmed at least two indicators combined with a review of price action. Tons of great vids on YouTube about trading strategies and confluence.

Do you know how to read the sma lines?

https://i.imgur.com/yJzfSH0.png

I created a SMA yellow line for 100 candles and a red one for 50 candles.

What do they tell ya? I am seeing that it is in a upward trend although very slight incline but its going up and because the red line seems constantly parallel to the red line then the trend is to continue to go up?
Am I reading that right?

Both lines are trending up, yes. That the short term sma is above the long term means that the short term trend is up. The distance between the two lines indicates strength of the trend divergence. You may want to do some research on the MACD which is basically what you've done here. I would like to see a trend follower using sma like you have done here where the bit would compare short vs long term sms and if the short term trend is up the bot waits to sell until the trend reverses and conversely if the short term trend is down the bot will not buy until a trend reversal is indicated. Compine this simple trended with Market Maker and leonArdo would be a major force.

[Zemnexx]

Definitely need manually creating stop-loss orders for the exchanges that support it natively. In this bear market I am doing more manual trading.

[pumaro]

How does LeonArdo compare to gunbot?

[AdventureCoin]

how do this bot with marcet dips like now!
Is there any parameters or indicator incl or must be input individual by consumer?

thanks.

[Amaralluis]

Definitely need manually creating stop-loss orders for the exchanges that support it natively. In this bear market I am doing more manual trading.

You can place a stop loss order with the margin maker already.

[Amaralluis]

Defvader do you know of a simple method to detect the trend of a coin?
I am trying to learn to read MACD but everytime I think I got it right it doesnt go the way I thought it would.

There is no guaranteed way to detect trend.  As far as the bot goes I would like a feature added such as I described earlier. Essentially the bot would record x number of the last completed orders, lets say 300 for example, the number is set by the user. Then the user defines a trend number. Lets say 50 for example. So in this example the bot would compare the average price of the last 50 orders versus the average price of the last 300. If the aversge price of the last 50 is higher than the 300 then the price is trending up, and vice versa. Think of it as comparing two short moving averages to determine immediate trend. Its a simple, straightforward way to help the bot buy/sell at more profitable times.

As far as manual trading goes, look for confluence. Such as a MACD cross combined with a RSI rising above 30. You want a buy signal confirmed at least two indicators combined with a review of price action. Tons of great vids on YouTube about trading strategies and confluence.

Do you know how to read the sma lines?



I created a SMA yellow line for 100 candles and a red one for 50 candles.

What do they tell ya? I am seeing that it is in a upward trend although very slight incline but its going up and because the red line seems constantly parallel to the red line then the trend is to continue to go up?
Am I reading that right?

Both lines are trending up, yes. That the short term sma is above the long term means that the short term trend is up. The distance between the two lines indicates strength of the trend divergence. You may want to do some research on the MACD which is basically what you've done here. I would like to see a trend follower using sma like you have done here where the bit would compare short vs long term sms and if the short term trend is up the bot waits to sell until the trend reverses and conversely if the short term trend is down the bot will not buy until a trend reversal is indicated. Compine this simple trended with Market Maker and leonArdo would be a major force.

I like that idea but then I come across this scenario:



Suppposed I started the bot sometime after 7pm.
I dont really know what MCDA is telling me but SMA (the Blue and Red lines) are telling me that the trend is downwards and the split is increasing.
The EMA (Yellow and light blue lines) tell me its not a buy situation.

But lets suppose that I started the bot at the lowest at around 7:40 and caught a buy at 0.00472.

How would the bot behave if your strategy was implemented?

As it is right now the bot would sell at 0.0048 (1.10% profit) but the trend is going uwards but the short sma is still lower than the long sma although the distance is shrinking.
With your suggestion would the bot wait for the sell or would there be one at all? (The candlestick only turned red after the 5 green one just to give you an idea and the short and long sma were closer but still not intersecting and the price was at 0.00488)