Re: 【BOT】 C.A.T. Cryptocurrency Automatic Trader1.7 (100+ Feedbacks) POLONIEX ADDED!
This post Sampey...
https://bitcointalk.org/index.php?topic=507103.msg7051797#msg7051797
And I thought you read all my posts with great interest
Only joking
The idea is to switch C.A.T. between Ping Buys/Pong Sells whilst the market is on an upward trend and then change to Ping Sells/Pong Buys on a downward trend. The switch could be manual using a button or some automated way as discussed.
Switching from rising to falling mode involves cancelling the Pong Sells (likely caught too high, since market is now falling), and using the coin balance to start new Ping Sell/Pong Buys which will work with good gains as the price falls.
Similarly, switching back to rising mode involves cancelling the Pong Buys (likely caught too low, since market is now rising), and using the BTC balance to start new Ping Buy/Pong Sells which works better as the price rises.
https://bitcointalk.org/index.php?topic=507103.msg7051797#msg7051797
And I thought you read all my posts with great interest
Only jokingThe idea is to switch C.A.T. between Ping Buys/Pong Sells whilst the market is on an upward trend and then change to Ping Sells/Pong Buys on a downward trend. The switch could be manual using a button or some automated way as discussed.
Switching from rising to falling mode involves cancelling the Pong Sells (likely caught too high, since market is now falling), and using the coin balance to start new Ping Sell/Pong Buys which will work with good gains as the price falls.
Similarly, switching back to rising mode involves cancelling the Pong Buys (likely caught too low, since market is now rising), and using the BTC balance to start new Ping Buy/Pong Sells which works better as the price rises.
Before do something like that i think i need to write some MACD calculator inside C.A.T.
You know that a function like that is VERY VERY VERY RIsky? We are on Cryptocurrency Market, some "classic" market rules doesn't work in this world
hmmm....in general log, CAT does price check every 40 seconds to make sure the diff is fulfilled
how about make a separate tab/panel for this price log and give a check box with a two small text boxes, to switch between up or down trend
how CAT know to switch or stay in the trend is by average of price log for those certain hours decided by user
the check box is to do automatic switch, while the first text box is how many hour (in seconds unit) before CAT decide to switch the trend
and the second text box is to decide diff of average price between decided hour
for example user detect up trend with btc/usd 530 at 01:00 PM then decide to buy with 0.8 diff (default diff),
user decide 1 hour before CAT can switch or stay in the trend
user check the switch automatically box and type 3600 seconds to switch after 1 hour with 5% diff of average price each hour
at 02:00 PM the average btc/usd price is 550 (CAT average all price check for 1 hour that listed in the tab/panel start form 01:00 PM to 02:00 PM)
since the price is higher than the last and the diff is 3,64%, so CAT decide to stay in the up trend, keep pong sell
at 03:00 PM the average btc/usd price is 557 (CAT average all price check for 1 hour that listed in the tab/panel start form 02:00 PM to 03:00 PM)
since the price is higher than the last and the diff is 1,26%, so CAT decide to stay in the up trend, keep pong sell
at 04:00 PM the the average btc/usd price is 520 (CAT average all price check for 1 hour that listed in the tab/panel start form 03:00 PM to 04:00 PM)
since the price is lower than the last and compared to 557 the diff is 5,75%
so CAT decide to switch to down trend, pong buy
why it should be in second unit,
so that Sampey can give small explanation with minimum seconds user can choose (which is 40 seconds just like CAT default)
and also for those who want to switch as soon as possible, so they don't miss the trend change every 40 seconds
just my idea, since I don't know how to do MACD and other indicator
what do you think Sampey..?