Can we please get a better explanation how the 2 stock bots work?
So static ping pong = you set your buy price and sell price and the bot keeps the limit order ...
start > Set 10 buy Limit @ $100 > once trade happen > set 10 sell Limit @ 200 > once trade happen > wait to rebuy back back 10 @ $100 ....so on
when does margin trading it do the same thing but sells 10 extra so now it in a short position?
How does margin maker work?
We don't support margin trading with our bots yet.
The main difference between the static ping pong and mArgin maker bots is that the ping pong bot is static and the mArgin maker in dynamic. What that means is that with the ping pong bot you explicitly set a buy and sell price and that is all the bot does. If the course bounces between those pre-determined prices the bot will cycle through buy and sell orders. In contrast to this you don't set a buy and sell price for the mArgin maker bot, but rather you set a relative margin which adapts based on the history window - which continually adapts to what has happened. This means that it allows for prices to be dynamically chosen. There are other parameters you can set to ensure the bot behaves like you want it to such as: dont sell below a certain price or ensure a min gain has been achieved.
The minimum effective gain allows you set the amount you want to make on each trade cycle. This is the amount after exchange fees have been subtracted. Setting a negative value allows the bot to make a loss in the hope that it can continue trading and make a gain. Otherwise, the bot would stop until the course came back to it.
I hope that helps.
You can check out our tutorial page too:
http://www.marginsoftware.de/tutorial.htmlAnd we have a free demo that you can try out before you buy:
http://www.marginsoftware.de/product.htmlBest wishes,
Jonathan