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Increase "Stop price percentage" over time/orders #94

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BramFr opened this issue Apr 12, 2021 · 2 comments
Open

Increase "Stop price percentage" over time/orders #94

BramFr opened this issue Apr 12, 2021 · 2 comments
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enhancement New feature or request

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@BramFr
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BramFr commented Apr 12, 2021

Have you ever consider to increase Stop price percentage over time?

Example:
Current price: 1
Trigger percentage : 1.01
Stop price percentage: 0.99

When the current price hits the Trigger percentage a sell order will be placed.
When we have a pike to current price 1.20 the stop price percentage are still 0.99.

At this point you have:
Current price: 1.20
Trigger percentage : 1.01
Stop price percentage: 0.99

So if the price drops to 1.188 it will sell everything. Because we have already >10% profit i will be happy to change the Stop price percentage from 0.99 to 0.95 to be sure / to increase the chance you don`t miss the next spike.

@BramFr BramFr added the enhancement New feature or request label Apr 12, 2021
@chrisleekr
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Hmm, I always surprise that people have many great ideas.

This sounds good. Let me summarise what I understood

  1. New configuration
    • Override profit percentage: 10%
    • Override stop price percentage: 0.95
  2. When the profit is over 10%, then use overridden stop price percentage of 0.95. If less than 10%, then use the original stop price percentage.

@Maxoos
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Maxoos commented Aug 24, 2021

@chrisleekr you can use ^ to generate a factor that will change the stop price percentages based on the profit amount. Same as here:

#246

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3 participants