Gain
Gunbot uses the Exponential Moving Average (EMA) method to determine when to buy and. Specifically, it buys when the price dips below the lowest EMA and sells once a set percentage of profit is achieved.
EMA is a technical analysis indicator that calculates the average price of an asset over a specified time period, with more weight given to recent prices. This makes it more responsive to changes in the price trend compared to a Simple Moving Average (SMA). Traders often use EMAs to identify potential buy or sell signals, as crossovers between different EMAs can be indicative of market trends. Additionally, EMAs can help smooth out short-term fluctuations in price data, making it easier to spot long-term trends.
How to work with it
Buy method conditions
A buy order is allowed when price is at least buy level % below both slow EMA and fast EMA.
Sell method conditions
A sell order is allowed when gain % profit is reached.
Trading example
Example of how trading with the gain strategy can perform. Details and settings
The infographic below describes what triggers trades with this strategy.
Strategy settings for Gain
Buy settings
| Label | Config Parameter | Default Value | Detailed Description |
|---|---|---|---|
| Buy enabled | BUY_ENABLED | true | When enabled, this setting allows the strategy to place buy or long orders. |
| Buy level | BUY_LEVEL | 1 | This setting defines the percentage below the lowest Exponential Moving Average (EMA) at which buy orders can be triggered. Adjustable range is from 0.1% to 5%, making it flexible for varying market conditions. |
Sell settings
| Label | Config Parameter | Default Value | Detailed Description |
|---|---|---|---|
| Sell enabled | SELL_ENABLED | true | When enabled, this setting allows you to place sell or short orders within your trading strategy. |
| Gain | GAIN | 1 | This setting establishes a gain target above the break-even point, expressed as a percentage. It is adjustable between 0.1% to 5%, allowing for flexible profit goals. |
| Count sell | COUNT_SELL | 9999 | Defines the maximum number of sell orders allowed for a trading pair since its addition. Once this count is reached, the pair is disabled. The range for this setting is from 1 to 999999 orders, providing a broad scale of operational control. |
Indicators
| Label | Config Parameter | Default Value | Detailed Description |
|---|---|---|---|
| Period | PERIOD | 15 | The period setting determines the candlestick size in minutes that is used for calculating indicators. Make sure to use a period that is supported by your exchange. |
| Medium EMA | EMA1 | 16 | This setting specifies the number of candles used to calculate the medium Exponential Moving Average (EMA). The range is from 2 to 50 candles, allowing for medium-term trend analysis. |
| Fast EMA | EMA2 | 8 | The number of candles used for calculating the fast Exponential Moving Average (EMA) is defined here, with a range from 2 to 50 candles. This setting is vital for identifying short-term trends. |
Overview of effects on different order types
| Config Parameter | Affected Order Types | Not Affected Order Types |
|---|---|---|
| Buy Enabled | Strategy buy, DCA buy, RT buy, RT buyback | Strategy sell, Stop limit, Close, RT sell |
| Buy Level | Strategy buy | Strategy sell, Stop limit, Close, RT sell, DCA buy, RT buy, RT buyback |
| Sell Enabled | Strategy sell, Stop limit, RT sell | Strategy buy, RT buy, RT buyback, Close, DCA buy |
| Gain | Strategy sell | Strategy buy, RT buy, RT buyback, RT sell, Close, DCA buy, Stop limit |
| Period | Strategy sell, Strategy buy, DCA buy (when using an indicator) | RT buy, RT buyback, RT sell, Close, Stop limit |
| Slow EMA (EMA1) | Strategy buy | RT buy, RT buyback, RT sell, Close, Stop limit, Strategy sell, DCA buy |
| Medium EMA (EMA2) | Strategy buy | RT buy, RT buyback, RT sell, Close, Stop limit, Strategy sell, DCA buy |