thetradingparrot
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Bots I'm switching ON and bots I'm adjusting
🕑 Added 2021-03-14 22:30:53 +0000 UTCI'm taking a big risk. I'm restarting some bots.
I'm making a small adjustment to 2 bots settings to account for the increased risk we're seeing in the market.
Bots I have switched ON with no adjustments
- Tondra
- Aleksandro
- Johano
- Mirinda
Bots I have switched ON, and adjusted the "Price deviation to open safety orders (% from initial order)" value
- Petro from 15% to 17%
- Glorinda from 16.5% to 18%
I'm planning set it back to their original values depending on how the market evolves in the next couple of days.
Reason: they use leverage and can kick strong on negative volume. Petro has shown to get off deals pretty quickly on drops of 20-25% but remember, we are sitting right above ATH and most media is staring ready to take action.
Bots that were already running
- Parrot poison
- Martyn
- Safira
They are still running. No adjustments needed.
Discussion
This is a tricky moment so I'm taking a big risk by switching them ON right now. If BTX breaks down below the ATH with negative volume we can drop a decent 20% or more. Decisive moment. Many users here don't like seeing red so if you are one of those, keep the bots off for longer.
If BTC break down below the previous ATH 58K, I'll keep the bots on.
If you want to be on the safe side keep the bots off.
Comments
Thanks for your thought process. Very helpful
Nice to have choises well explained. I chose to keep them off. Glad with thé gains I compound so far
