I've spent some time, observing the changes of the balance of test account, which started from 1BTC. During the day balance fluctuated the following way: 【 1.00001403 BTC $891.02 ▸ 1.01770708 BTC $937.32 ▸ 1.01529220 BTC $938.35 ▸ 1.02258050 BTC $944.26 ▸ 1.02242041 BTC $945.75 ▸ 1.02114248 BTC $946.51 ▸ 1.02614192 BTC $943.87 ▸ 1.01763922 BTC $938.54 ▸ 1.00959781 BTC $916.68 】
So I came up with the following idea. Since we all are ultimately looking for the increase of BTC amount, why not add to the bot the function to keep track of the current value of 'estimated value of holdings' and once it reaches the specified value (e.g. set similarly as MARGIN_TO_SELL in params.js) trying to immediately sell all tokens via relevant market orders, fixing the profits and starting whole new bot cycle.
One of the advantages of this functionality is potential reduction of the damage caused by bitcoin/altcoin price surges followed by possibly long-term consolidation at new price levels. Also we are freeing ourselves from a bunch of sell-orders, which can be frozen for a couple of weeks until price gets back to necessary values.
What do you think?
lisk ~
I like this idea or something similar, some kind of parity to achieve that will try and fix sell orders that can potentially be stuck for a week or more. (That hasn't happened to me yet, but thinking it could with ETC).. Gunbot never sells at a loss, which is great.. how can we channel that into wiping the sell orders if the trend has changed without having to wait too long.. like maybe a time limit but I really like how densmirnov's idea sounds.
What if itell you my test bot is testing exactly thst since 24 hours?
Getting rid of obsolete buy orders created an unexpected liquidity: next step is getting rid of obsolete sell orders!!!
In my opinion that will kick an infinite loop of but and sell on short periods that will boost the bot really badly.
My only concerns (as you should have learn) is being 20000% sure im not pushing people at loss with liquitading assets...and thats what im doing in my tests.
I gave to add desmirnov to the credits list for this idea as indeed it is an idea a DT1 member of this forum gave.me on telegram (i wont disclose his name until his review of the bot is published)
Nice catch!
~Gun