PingPong.md

Pingpong

This strategy can be used for pairs that move up and down between a predictable price range for longer periods. You set fixed prices at which Gunbot should buy and sell, Gunbot will buy or sell as soon as the exact target is hit, or when the price is even better.

You can optionally use RSI as confirmation to only buy or sell when both a price and a specific RSI level is reached.

Pingpong tuner (thanks @allanster!)

Relevant settings

Following settings options are available for pp

Parameter	Default value	Description
TRADING_LIMIT	0.001	Values: numerical – represent an amount in primary trading currency. This value defines the trading limit for limit buy orders placed by Gunbot. The default value of 0.001 would place maximum orders of 0.001 BTC when used on a BTC_x pair. Only use whole numbers for fiat pairs.
FUNDS_RESERVE	0.001	Values: numerical – represent an amount in primary trading currency. Sets an amount of base currency that will not be traded with. For a BTC_x pair, funds in BTC would be reserved, for an ETH_x pair the bot will keep the amount in ETH reserved, etc. It is recommended to use the same value for all pairs you run in this base currency.
PERIOD	15	Values: 1 / 5 / 15 / 30 / 60 – represents candlestick size in minutes. Only use periods that are available on the charts on your exchange.
BUY_LEVEL	0.1	Values: numerical – represent a percentage. This setting can be used as protection against buying above EMA. The default value of 0.1% will prevent the bot from buying when the price is not at least 0.1 % under the lowest EMA.
GAIN	0.6	Values: numerical – represents a percentage. Used as a security setting, defining the minimum gain of all your trades.
EMA1	16	Values: numerical – represents an amount of candlesticks. Set this to the amount of candlesticks you want to use for your long EMA calculation. The closing price for each candle is used in the EMA calculation. For example: when you set PERIOD to 5, and want to have 2h for long EMA – you need to set EMA1 to 24 (24 * 5 mins).
EMA2	8	Values: numerical – represents an amount of candlesticks. Set this to the amount of candlesticks you want to use for your short EMA calculation. The closing price for each candle is used in the EMA calculation. For example: when you set PERIOD to 5, and want to have 1h for short EMA – you need to set EMA2 to 12 (12 * 5 mins).
HIGH_BB	40	Values: numerical – represents a percentage. This sets the target for selling with bb as selling strategy. The bot will sell when the price hits a point 40% from HIGH_BB. This is not used in pp strategy.
LOW_BB	40	Values: numerical – represents a percentage. This sets the target for buying with bb as buying strategy. The bot will buy when the price hits a point 40% from LOW_BB. This is not used in pp strategy.
STDV	2	Values: numerical (recommended: between 1.9 and 2.1) – represents a multiplier value used in the bollinger bands calculation. This value defines the multiplier used for calculation of the lower and upper bollinger bands. This is only used for using DOUBLE_UP in pp strategy.
SMAPERIOD	50	Values: numerical – represents a number of candlesticks. This parameter defines the amount of periods to be used for the simple moving average calculation. Set this value to the value used to chart on the exchange. If you want to use SMA 50 on the exchange charts, set this value to 50. This is only used for using DOUBLE_UP in pp strategy.
PP_BUY	0.00000001	Values: numerical – represents a price. Set the exact price you want Gunbot buying for when using pp as buying strategy. A buy order will be placed as soon as this price point has been hit, or an even better price is available. Only use whole numbers for fiat pairs.
PP_SELL	0.12345678	Values: numerical – represents a price. Set the exact price you want Gunbot sell for when using pp as selling strategy. A sell order will be placed as soon as this price point has been hit, or an even better price is available. Only use whole numbers for fiat pairs.
PANIC_SELL	false	Values: true or false. When set to true, all coins will be sold at market value. This can incur losses!
DOUBLE_UP	false	Values: true or false. When set to true, DOUBLE_UP will try to get rid of bags by averaging down. Works on all strategies. Averaging down can use up a lot of balance, make sure you have enough of your base currency available. Gunbot will start averaging down a bag according to your setting for DU_METHOD.
DU_METHOD	HIGHBB	Values: HIGHBB or RSI. This sets the trigger for placing buy orders with Double Up. When set to HIGH_BB Gunbot will start averaging down a bag when the actual upper Bollinger Band drops below bought price (not the distance from it as set in HIGH_BB), and will then buy again when the upper Bollinger Band drops below the average buy price and the price is below last buy price, as set in DU_BUYDOWN. When set to RSI buy orders will only be placed when the set RSI_BUY_LEVEL is reached and the price is below last buy price, as set in DU_BUYDOWN.
DOUBLE_UP_CAP	1	Values: numerical - represents a ratio. This defines the ratio to the pairs balance to be used for each consecutive buy when doubling up. Setting it to 0.5 would mean it uses a 0.5:1 ratio for averaging down. It is recommended to set this as high as you can afford, to increase your chance to actually average down and sell at profit. Example with ratio of 1: initial buy of 100 LTC, first double up buy order is 100 LTC, second will be 200 LTC, then 400 LTC, etc. Example with 0.5 ratio: initial buy of 100 LTC, first double up buy order is 50 LTC, then 75 LTC, then 112.5 LTC.
DU_CAP_COUNT	3	Values: numerical - represents a number. Limits the amount of times a Double Up order can be placed for a pair. The default setting of 1 would limit Double Up to only 1 buy before it waits to sell. When you set this higher, the bot will invest more and will get a lower average bought price to get rid of your bags faster.
DU_BUYDOWN	2	Values: numerical, ranging between 0 and 100 - represents a percentage. The minimum price drop compared to last bought price that needs to occur for Double Up buys to be placed.
STOP_LIMIT	60	Values: numerical – represents a percentage. Sets a stop limit to sell a coin at a calculated loss. Setting a stop limit at 60 would cause that all balance for a coin are sold when the current price is >60% lower than bought price. After a stop limit sell order has been placed, the bot will go into buying mode after TRADES_TIMEOUT has passed and will buy again when market conditions meet your buying strategy.
BUY_ENABLED	true	Values: true or false. Set this to false to prevent Gunbot from placing buy orders.
SELL_ENABLED	true	Values: true or false. Set this to false to accumulate altcoins. Use TRADES_TIMEOUT to prevent fast consecutive buy orders.
RSI_BUY_ENABLED	false	Values: true or false. Setting this to true will make sure Gunbot only buys when both strategy buying conditions and RSI_BUY_LEVEL are met.
RSI_SELL_ENABLED	false	Values: true or false. Setting this to true will make sure Gunbot only sells when both strategy selling conditions and RSI_SELL_LEVEL are met.
RSI_BUY_LEVEL	30	Values: numerical, ranging between 0 and 100. Set the RSI to the level you want to allow the strategy to buy at. Additionally used as RSI level for Double Up buy orders.
RSI_SELL_LEVEL	70	Values: numerical, ranging between 0 and 100. Set the RSI to the level you want to allow the strategy to sell at. Only acts as an added confirmation.
MIN_VOLUME_TO_BUY	0.001	Values: numerical – represents the total value of a coins holdings in base currency. Sets a threshold for buy orders. If you own less than the set amount, buy orders will still be placed. This prevents owning very small quantities (dust) blocking buy orders.
MIN_VOLUME_TO_SELL	0.001	Values: numerical – represents the total value of a coins holdings in market currency. Sets a threshold for sell orders. If you own less than the set amount, sell orders will not be placed and the bot goes into buying mode again.
TRADES_TIMEOUT	600	Values: numerical – represent time in seconds. This sets a timeout preventing any trades to be placed for a pair after the last order and after starting the bot. Use this to prevent double buys or fast consecutive buy orders when averaging down. Affects buy and sell orders. When the timeout is active you will see Waiting to Trade - Safety Switch is on in the logs.
OKKIES_MODE	true	Values: true or false. Setting this to true disables buy orders when there is too much price and volume pressure on BTC. Configurable with BTC_MONEY_FLOW. Only use this if BTC pumps have a significant effect on your trading pair.
BTC_MONEY_FLOW	35	Values: numerical, ranging between 0 and 100. Sets the value on the Money Flow Index (MFI) you want OKKIES_MODE to disable buy orders. As soon as MFI hits the set value or drops below it, OKKIES_MODE will be enabled.
TA_ALWAYS_ON	false	Values: true or false. When set to true, all indicators are updated each cycle. When set to false, indicators will get updated once every period. Only set this to true if you have unmetered data available.
RSI_DU_BUY	30	Values: numerical, ranging between 0 and 100. Use this to specify the RSI level for buying when DU_METHOD is set to RSI.