I understand this and i kinda agree but, can you make an example? Say the actual bull: never buy above X and not sell under Y, define x and y (atm bitstamp is at 474.23 with last 24h low at 458.28 and last 24 hours high at 482.19)
Looking at the last 24 hours I see a double bottom at about 470 and a top at 482, so I would put "Not Buy Above" 472 and "Not Sell Below" 480. But it's not hard science: it's quite what you would do trading manually.
Notice that if the current price is out of your limits CAT won't adjust the Pings or won't create Pongs until the price returns within your limits.
Good point. This is important to understand tho: some people think about CAT as an automatic "trader" like you can setup once and let it run for days and then just grab/collect your earnings after one or 2 weeks! I dont think it is like that, am i wrong? You need to study the markets, to follow them daily (and maybe intraday for some coins) and then adjust your settings following "quite what you would trading manually".
So CAT is not your golden egg's chicken but it is something you can use to eat, answer your phone, read your emails, get a shower....WHILE with a corner of your eyes you watch it "trade" for you (saving your eyes from continuosly lurking at graphs and markets waiting the exact moment to PUSH).
Am i wrong?