16 hours to get the loss back with some extra....i think the strategy stands.
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 ~
So i just tested and backtested this. Out of 1.82
BTC balance (which was 1.59 on 29 of december) i liquidated all my assets to do this test. The result is a -0.004
BTC exactly 3 dollars and 52 cents!!!!
I think this is nothing compared to the new 2 factors i just got:
1.- renewed liquidity for my bot to start it over the buy/sell circle
2.- end of pain to wait altcoins/BTC swing
All of this for a 3 dollars fee.....how long do you guys think, it will take for the bot to gain back those 2 dollars having back it's entire capital to trade?
I'd like to hear more from you all and decide togheter to implement the fucking "liquidate old assets" button!
Thanks!
~Gun
PS: for those of you wanting to dare, look at your Estimated Holdings Balance and write it down. Stop all your bots and cancel all your sell orders. Sell all your altcoins at market price. (lol dont do it...i'm just explaining what i did to test this). Result: you lose a very small amount compared to what you are going to gain back with your whole balance able to trade again. Thoughts.....why this? Because you have a portfolio: XMR at +3%, ETH at -1.8%, ETC at +2% and so on. The profit/loss of your account is the sum of all + and - of your portfolio. Choosing it carefully would make this even less painful of 3 dollars...