Quote from: kireinaha on November 08, 2013, 07:30:40 PM

Does anyone have any advice on how I can prevent my trade bot from going "out of scope" on the recent market uptrends? Due to the minimal price drop/rise, this has been happening to me often. So far I've just been using the default RSI30 30/70 indicator at 60 second interval, but the problem is; my bot will sell at (for example) $250 when the RSI detects the currency is being overbought, but then I come back to check an hour later and the market has already risen to $260 and I'm left behind because the target buy price is less than $249.50.

I almost feel like I should just raise the "sell" threshold on the RSI30 indicator to 90 or higher, just to prevent it from selling since the market is rising so fast, but then of course, I could be in big trouble if the bubble pops and we come crashing down.

My assumption was that the trade bot could automate my trading strategies and make 10-20 trades a day, but so far I have had to check on it constantly so I don't get stuck. Am I the only one having this trouble, and if so, would anyone mind sharing some basic strategies or hints with me? Grin

This is what I was attempting to avoid by getting in on more up/down movement with small trades then when I find myself "out of scope" I have been manually making a buy during a dip and flipping the buy/sell back to bought and trigger a sell from there etc.