Академический Документы
Профессиональный Документы
Культура Документы
- The bot must be supported via api’s on this 4 exchanges: Binance, Bitmex,
Bittrex and Bitfinex.
- The Bot must work in conjunction with tradingview platform. Note: This
is not necessary, I ‘m open to any suggestion you can give me.
Tradingview is just how I can explain the strategy.
- The bot must work 24/7… Based on plug and play principles.
- The Bot will start trading based on the in build trading logic and
strategies.
The Strategy
As I said earlier, in this strategy we are going to use the RENKO Blocks. I
will use the Tradingview platform to illustrate what I need.
The bot will use the traditional method always as the box size
assignment method, and will never use ATR.
The box size will be selected or putted by the user on the Bot preference,
in the website.
e.g Something like that…. With those initials BS= Box Size
The box size assignment method don’t have to be visible on the website,
cause it always going to be “traditional”
For our entry and exit criteria we are going to have 4 available strategies
based on the quantity of block that we are going to use as a signal. Only one can
be chosen per exchange and per timeframe.
1B Strategy
Entry Buying:
Consists in buying after the brick color changes from red to green and 1
consecutive green brick have formed and closed. Our entry will be at the i.e. open
of the second green brick.
Entry Selling:
Sell after the brick color changes from green to red and 1 consecutive red brick
have formed and closed. Our entry will be at the i.e. open of the second red brick.
Note: Keep in mind that as soon as the opposite brick appear for any of the
earlier entries, the bot will close that position and immediately enter
another trade in the opposite direction.
1B Strategy Exit
Option No.1
Write the exact value of your take profit in the box or slide to the precise %
percentage of your choice.
The others 3 strategies left will be the same as the 1B, with the only exception of
that for the:
2B:
Entry
We will be buying after the brick color changes from red to green and 2
consecutive green brick have formed and closed. Our entry will be at the i.e. open
of the third green brick.
And we will be selling after the brick color changes from green to red and 2
consecutive red brick have formed and closed. Our entry will be at the i.e. open of
the third red brick.
Exit
Option No.1
Option No.2
Write the exact value of your take profit in the box or slide to the precise %
percentage of your choice.
3B: We will be buying after the brick color changes from red to green and 3
consecutive green brick have formed and closed. Our entry will be at the i.e. open
of the fourth green brick.
And we will be selling after the brick color changes from green to red and 3
consecutive red brick have formed and closed. Our entry will be at the i.e. open of
the fourth red brick.
Exit
Option No.1
Option No.2
Write the exact value of your take profit in the box or slide to the precise %
percentage of your choice.
4B: We will be buying after the brick color changes from red to green and 4
consecutive green brick have formed and closed. Our entry will be at the i.e. open
of the fifth green brick.
And we will be selling after the brick color changes from green to red and 4
consecutive red brick have formed and closed. Our entry will be at the i.e. open of
the fifth red brick.
Exit
Option No.1
Option No.2
Write the exact value of your take profit in the box or slide to the precise %
percentage of your choice.
Stop Loss
Option No.1
i.e. for a buy trade we will use the low of the last red brick from where the price
turned.
For a sell trade we will use the high of the last green brick from where the price
turned.
Option No.2
Put the exact value of your stop loss in the box or slide to the precise %
percentage
Block Shadows and more blocks formed than the selected strategy at any
particular timeframe.
There ‘s going to be moments when more blocks than the expected one/ones, are
going to be formed. This will occurs when the volatility is very high. When this
happens, the bot should bypass the rules and enter or exit the trade as soon as
the first groups of blocks are formed.
i.e If we are using the 1B strategy and 3 Blocks are formed at the same time, the
bot will enter the trade no matter what. And the same apply to exits.
Putting Everything Together and Parameters
1. The First thing you see on the website. Will be the login credentials.
2. After the user log in. he will have access to the trading platform.
3. Choose the exchange in which the user wants to start the bot.
It will automatically shows the available balance from that particular exchange.
i.e
4. Choose the trading pair. (Only one pair per exchange at a time)
5. Choose the timeframe that I want the bot to trade. (Only one timeframe per
exchange at a time)
9. Take Profit
We are going to choose only one (1) of this two option for taking our profits.
Or
b. Write the exact value of your take profit in the box or slide to the precise %
percentage of your choice.
We are going to choose only one (1) of this two option for our stop loss.
or
b. Put the exact value of your stop loss in the box or slide to the precise %
percentage
11. Start/Stop Button
This wills start the bot based on the parameters selected. If at the moment of
turning on the bot , there’s no trade available.. it will wait for the next one. And if
turned off and the bot is in a trade at that moment.. it will wait and finish the
current trade, and after that it will turn off.