supportresistance
Buy at support, sell at resistance. That's all this strategy does. You can configure a distance from support and resistance, to configure a range where it will trade.
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How to work with this strategyThere is just a single setting that defines the entry point for this strategy: SupRes_SPREAD
This setting represents a percentage (of price) above the first support level (when buying), or below the first resistance level (when selling). As soon as price crosses this threshold, it will place an order. If the balance settings allow for multiple orders, a buy order gets placed every time the buy conditions are met.
In the example below, SupRes_SPREAD
is set to 0.1, the "buy at" line visualizes the target. The sell target would be 0.1 % below the first resistance level.
Keep in mind that support and resistance are not static targets. This makes the SupRes_SPREAD
setting more or less a trailing range. It's very important to set a value that makes sense for the current pair and the price range it is in: too big of a spread can cause immediate trades.
The strategy sells when price crosses SupRes_SPREAD
and GAIN
is reached.
This strategy can buy multiple times, it can be capped with SupRes_MAX
.
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FormulaGunbot uses the following formula to calculate support and resistance levels. The number of candles uses as input is user configurable with the SMAPERIOD
setting.
Less options than usual
This strategy is a bit different from other strategies, it has much less configurable options. Confirming indicators or additional trailing are disabled.
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Strategy parametersFollowing settings options are available for supportresistance
and can be set in the strategy configurator of the GUI or the strategies section of the config.js file.
These settings are global and apply to all pairs running this strategy. When you want a specific parameter to be different for one or more pairs, use an override at the pair level.
Using the BUY_METHOD
and SELL_METHOD
parameters you can combine different methods for buying and selling. This strategy page assumes both BUY_METHOD
and SELL_METHOD
are set to supportresistance
. Accepted values are all strategy names as listed here.
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Buy & sell settingsBuy settings are the primary trigger for buy orders. Sell settings control how sell orders are placed. These parameters control the execution of buy orders when using supportresistance
as buy & sell method.
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Buy enabled- Description
- Values
- Order types
- Name
Set this to false to prevent Gunbot from placing buy orders.
Values: true or false
Default value: true
Affects | Does not affect |
---|---|
Strategy buy | Strategy sell |
DCA buy | Stop limit |
RT buy | Close |
RT buyback | RT sell |
Parameter name in config.js
: BUY_ENABLED
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Sell enabled- Description
- Values
- Order types
- Name
Set this to false to prevent Gunbot from placing sell orders.
Values: true or false
Default value: true
Affects | Does not affect |
---|---|
Strategy sell | Strategy buy |
Stop limit | RT buy |
RT sell | RT buyback |
Close | |
DCA buy |
Parameter name in config.js
: SELL_ENABLED
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Gain- Description
- Values
- Order types
- Name
This sets the minimum target for selling. Gunbot will sell once price reaches the set percentage above the break-even point. and SupRes_SPREAD
is reached.
If you want to have at least 2% profit per trade, set this to 2.
Values: numerical – represents a percentage.
Default value: 0.5
Affects | Does not affect |
---|---|
Strategy sell | Strategy buy |
RT buy | |
RT buyback | |
RT sell | |
Close | |
DCA buy | |
Stop limit | |
Parameter name in config.js
: GAIN
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Sup / Res spread- Description
- Values
- Order types
- Name
Sets the distance from support/resistance levels, in which orders may be placed.
For buying: this value is a percentage above the first support level.
For selling: this value is a percentage below the first resistance level.
Values: numerical, represents a percentage (of price)
Default value: 0.1
Affects | Does not affect |
---|---|
Strategy sell | Stop limit |
Strategy buy | RT sell |
RT buy | |
RT buyback | |
Close | |
DCA buy |
Parameter name in config.js
: SupRes_SPREAD
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Sup / Res max- Description
- Values
- Order types
- Name
Use this setting to limit how many times the strategy is allowed to buy, by setting a maximum allowed position size in base currency.
If the combined value of quote balance, open orders and the next order to place are higher than SupRes_MAX
, then no further buy orders will be placed.
Values: numerical, represents a value in base currency
Default value: 0
Affects | Does not affect |
---|---|
Strategy sell | Stop limit |
Strategy buy | RT sell |
RT buy | |
RT buyback | |
Close | |
DCA buy |
Parameter name in config.js
: SupRes_MAX
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Indicator settingsThese indicator settings have a direct effect on trading with supportresistance
.
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Period- Description
- Values
- Order types
- Name
This sets the candlestick period used for trading, this affects all indicators within the strategy.
Only use supported values.
Setting a short period allows you to trade on shorter trends, but be aware that these will be noisier than longer periods.
Values: numerical– represents candlestick size in minutes.
Default value: 15
Affects | Does not affect |
---|---|
Strategy sell | RT buy |
Strategy buy | RT buyback |
DCA buy (when using an indicator to trigger) | RT sell |
Close | |
Stop limit |
Parameter name in config.js
: PERIOD
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SMA Period- Description
- Values
- Order types
- Name
This defines the number of candles used for calculating support and resistance level.
Values: numerical – represents a number of candlesticks.
Default value: 50
Affects | Does not affect |
---|---|
Strategy sell | RT buy |
Strategy buy | RT buyback |
RT sell | |
Close | |
Stop limit | |
DCA buy order |
Parameter name in config.js
: SMAPERIOD
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Balance settings#
Misc settings#
DCA settingsThis strategy cannot use DCA.
Averaging down is natively implemented by allowing multiple buy orders.
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Reversal tradingThis strategy cannot use reversal trading.
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TrailMe settingsThis strategy cannot use TrailMe.
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Confirming indicatorsThis strategy cannot use confirming indicators.