Cryptocurrency Trading Bot - Review the code for Stop Loss and Take Profit
Budget: €30 – €250 EUR
Dear all
Next Steps - Dynamic Stop Loss + Dynamic Take profit based on the briefing below
1. Fix the Initial Stop Loss for each trade After the trade is opened, fix an initial stop loss for the entire trade. The initial stop loss can be found in the file strategies.py If the trade is moving against our forecast, and the Live Price is crossing this stop loss, the entire trade should be closed.
Please be aware: this stop loose is a fixed stop loose, and should be calculated in the moment when the trade has been opened. It should not be affected or changed when the new candles are coming in.
2. Dynamic Stop Loss
a) If Price is increasing more than the ((entry price*(1+risk)) then sell/close 50% of my position/trade.
b) If the previous condition is filled, fix a new dynamic stop loose for the outstanding amount. This stop loss will change every one hour (on the close of each candle), based on the Max between (Trailing ATR and the Breakeven Price).
Next Steps - Dynamic Stop Loss + Dynamic Take profit based on the briefing below
1. Fix the Initial Stop Loss for each trade After the trade is opened, fix an initial stop loss for the entire trade. The initial stop loss can be found in the file strategies.py If the trade is moving against our forecast, and the Live Price is crossing this stop loss, the entire trade should be closed.
Please be aware: this stop loose is a fixed stop loose, and should be calculated in the moment when the trade has been opened. It should not be affected or changed when the new candles are coming in.
2. Dynamic Stop Loss
a) If Price is increasing more than the ((entry price*(1+risk)) then sell/close 50% of my position/trade.
b) If the previous condition is filled, fix a new dynamic stop loose for the outstanding amount. This stop loss will change every one hour (on the close of each candle), based on the Max between (Trailing ATR and the Breakeven Price).