Tenkan

An easy to use strategy with built in DCA and ROE trailing, using the Ichimoku tenkan line.

This strategy uses a limited subset of the regularly available strategy settings. Only the strategy options shown in the strategy editor for Tenkan have an effect.

Trading behavior

A long position is opened when price is below kumo and tenkan crosses down the candle body. If the same happens again at a price at least 'DCA spread' below the previous order, a DCA order is placed.

A short position is opened when price is above kumo and tenkan crosses up the candle body. If the same happens again at a price at least 'DCA spread' above the previous order, a DCA order is placed.

To close a trade, the opposite conditions of opening it must happen and ROE scalper must finish trailing.

Typical trades using the tenkan strategy

How to create a tenkan strategy

Use the advanced strategy editor and create a new strategy, select TENKAN as buy and sell method.

Strategy settings

To use this strategy, these are the settings you can configure:

Setting

Description

Trading limit

The amount to invest per buy order.

On an USDT-BTC pair, a trading limit of 20 means that every buy order is for 20 USDT. Always make sure that trading limit is set higher than min volume to sell.

Buy enabled

Allow / disallow buy orders

When true, the bot is allowed to place buy orders.

Sell enabled

Allow / disallow sell orders

When true, the bot is allowed to place sell orders.

ROE

Minimum ROE target

This is the minimum ROE target for any position.

ROE limit

Trailing range in ROE

When trailing, this setting defines how large the trailing range is. When set to 5 and trailing starts when 10% ROE is reached, the initial trailing stop will be set at ROE 5.

DCA spread

Minimum price difference between orders in the same direction

A DCA spread of 1 makes sure that orders are never placed closer than 1% apart.

Maker fees

Option to use post only orders

With this option enabled, orders get placed as post only.

Stop limit

Target to close a trade at loss

Setting 20 would close a position at loss when -20% ROE is reached.

Market close

Use market orders to close positions

When false, close orders are placed as limit orders. When true, close orders are placed as market orders.

Period

Sets the chart interval

The default period is 15. Make sure to only use supported period values.

Candles length

Number of candles requested from the exchange

Tenkan period

Number of candles used to calculate tenkan

Kijun period

Number of candles used to calculate kijun

Senkouspan period

Number of candles used to calculate senkou span

Displacement

Number of candles to displace kumo