Set a range for trailing lower buy prices and getting even better sell prices without risking much potential profit.
Example of selling with TSSL with a 0,5% range. Notice how ever higher ranges are set until the price finally hits the lower boundary and a sell order is placed.
For selling it works like this: you define a range around your last bought price, say you bought at 0.1000 and set a range of 0.5%, Gunbot will now wait until price reaches either 0.0995 or 0.1005. When the lower value is reached, a sell order will be placed. When the higher value is reached, the range trails up and would now be set from 0.1000 to 0.1010. This could go on forever, as long as the price keeps going up and does not hit the lower boundary of the range at any moment (at which a sell order would be placed).
You can select an option to only sell at profit, to avoid the risk of a stop limit sell at loss while you're still in the initial range around bought price.
For buying, it works the other way around, ever looking for a better buy price. Starting point for buying is the lowest EMA.
Minimum profit =
GAIN-SELL_RANGE- Exchange fees
You can optionally use RSI as confirmation for entry and exit points while trading. Making sure you only buy or sell when trailing meets your conditions and the market is either oversold or overbought.
Following settings options are available for tssl
| 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 |
1.2 | Values: numerical – represents a percentage. Used as a security setting, defining the percentage of gain above bought price to start trailing. Always set this higher than your SELL_RANGE to cover fees and avoid selling at loss. |
BUY_RANGE |
0.6 | Values: numerical – represent a percentage. This sets the buy range for pure tssl. Setting a range of 0.5% at a current price of 0.1 would set a range between 0.0995 and 0.1005. |
SELL_RANGE |
0.6 | Values: numerical – represent a percentage. This sets the sell range for pure tssl. Setting a range of 0.5% at a bought price of 0.1 would set a range between 0.0995 and 0.1005. |
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 |
45 | 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 TSSL strategy. |
LOW_BB |
45 | 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 TSSL 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 gain 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 gain strategy. |
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. |
TSSL_TARGET_ONLY |
true | Values: true or false. Setting this to true protects you from sell orders at loss when using tssl as strategy, making the value you've set for GAIN the starting point for trailing. When set to false, hitting the lower boundary of the range set directly after buying leads to a sell at loss. |
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_SELL_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_BUY_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. |