Advanced conditions
Explore the condition settings for the bot
Bot conditions play a crucial role in creating effective trading strategies. By defining specific conditions, traders can filter and select markets that align with their desired criteria. In this article, we will explore the various conditions available and how they can be used to optimize trading using the Bot Wizard. The conditions are not mandatory parameters when setting up the bot.
Minimum market trades: This condition specifies the minimum number of trades that a market must have in order for the bot to consider it for trading. It is entered in the corresponding input field, with a minimum allowed value of 1.
Minimum market volume: This condition sets the minimum trading volume required for a market to be considered by the bot. It is entered in the corresponding input field, with a minimum allowed value of 1.
Bid-ask spread percent: This condition defines the acceptable percentage difference between the bid and ask prices in a market. It is entered in the corresponding input field, with a minimum allowed value of 1.
Trend: This condition allows you to specify the desired trend direction for trading. There are two options available: Bull and Bear. Clicking on the respective field selects the option, and clicking again deselects it. If the field is deselected, this condition will not be taken into account.
Minimum & maximum 24h change: This condition allows you to set the acceptable range for the 24-hour price change of a market. You can adjust these values by selecting a range on the chart or by entering two values in the corresponding fields. It's important to note that the minimum 24h change cannot be greater than the maximum 24h change and vice versa. Additionally, you can set only one value (e.g., minimum) and ignore the maximum value, which is considered infinite. The minimum and maximum values cannot be equal.
Mark price difference: This condition enables you to specify the acceptable difference between the market price and the mark price (a reference price determined by the exchange). You can adjust this value by selecting a point on the chart or by entering a value in the corresponding field. Valid values range from 0 to 20.
Conclusion:
Bot conditions provide traders with a powerful tool to customize their trading strategies and optimize their trading performance. By leveraging these conditions, traders can filter and select markets that align with their preferred criteria, such as trading volume, liquidity, price stability, and trend direction. It's important to note that these conditions are not mandatory, and traders have the flexibility to include or exclude them based on their specific trading goals and preferences. Experimenting with different condition settings can help traders refine their strategies and achieve better trading outcomes.
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