Hi Luc! Thank you and @nervisrek for this amazing tool. By the way, I am making a bot that can buy the coin with certain conditions. If I was to use the scanner, what conditions should I put the bot so it will automatically make a buy order? One is a 10% 5min drop or more, maybe if its below 24hr low too? I know the idea is to take the scanner alert and got to the chart, but I want to try this bot. Thanks!
RE: Introducing our first Crypto Market Scanner
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Introducing our first Crypto Market Scanner
What will be a good % volumen change to mix it with the 5min price change, like comparing the last 5min candlestick volume with the 24 hour volume. What will be a good % change? I was thinking a 5% spike in volumen compared to the 24 hr volume. Any ideas?
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I think a useful tool for non-fulltime traders would be that if your buy order gets filled it would automatically sell at a predetermined price, that way you wouldn't have to worry about missing the sale if you're away and it would work with Luc's technique perfectly.
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Yes. I have a bot in poloniex, detects when a coin goes down more than 10% in 5 min. But the thing here is, where to put the buy order? Right in the 10%? What if it goes lower? At the moment, I am buying just at 10%, or where the variation is. Then, after it successfully buys the coin, it puts a sell order at 5% margin (just to be safe, and not to put it in a 10% gain, better to have profit, that not at all!
So, what ideas do you have? What could be a general rule for the buy and sell order?
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I'd be interested in learning how to make a bot. Any good references on where to learn?
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I am not a programmer, but I started learning from other bots on the web. I thank xcbtrader for teaching us and donating this bot on Poloniex. I customized it to my needs.
https://github.com/xcbtrader/pobot
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Thanks!
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May be it's a good idea to put a sell order on 5% margin and make a trailing take profit: when the price goes up without a stop you won't sell, if it then goes down and reach some threshold, you'll sell.
For instance. You buy at $1 price , set a trailing stop at $1.05. The price goes to $1.08 and then goes to $1.06. You set a threshold of going down for 1% and sell at $1.07.
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I think that that is very possible to do manually
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Wow, that sounds amazing! Let us know how it goes.
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Even though the bot is way faster to get to this opportunities, check thoroughly if it is stable in the long run. You don't really need a bot for these kinds of trades as they don't happen that often and the scanner is already doing all the work. Sometimes accuracy can beat speed
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Yeah I know, it's just that I want to make it automatically. Anyways, I will be on the computer most of the time, I just want to catch the drop, and the bot can be quicker. If you have any ideas, let me know!
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Careful, the scanner also captures a pull back. So the price may have gone up and then notified us on the way back down
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What will you suggest for that situation? I mean, the bot I want to make is not for every situation, but we can try to cover most of them.
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