Post
Topic
Board Service Announcements (Altcoins)
Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
Gunthar
on 22/07/2017, 10:24:25 UTC
~snip

There is another solution to this problem and it is implemented in the coming soon release: averaging cost (as usual i invite you all to test it manually beofre to launch it with the bot).

Basically all your bags can be sold at profit with a little trick: soon as the coin price drops (specifically the bot watches for High BB value dropping below "bought price"), the bot buys again. The result is an averaged bought price which is now between Bollinger Bands again. In this situation it is easy to sell the entire "bag" at i.e. 0.6% of profit (higher than fees, just to get rid of it quickly).

Here are a couple of pictures attempting to explain this concept in a visual form: with this strategy implemented we have solved an ancient issue of Gunbot, "da bags" Wink