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Let's dive into how you can smartly employ deal start price filters to optimize your trading strategies with bots on Gainium. Think of these filters like a savvy gatekeeper, ensuring you only enter the market at moments that align with your game plan. Here's how to wield this tool effectively:
Static Filters
Static filters are available in single-pair bots. Setting a minimum and/or maximum price ensures your bot only activates within your defined price zone. If the price strays outside these boundaries, your bot switches to "range" mode until the price enters the trading range again.
Dynamic Filters
Now, let's get dynamic. With dynamic price filters, your bot's allowed price range is based on the most recent concurrently open deal for that pair. Note that this filter is only active when the bot is running multiple deals, and it will reset once all deals on that pair are closed. Here’s the lowdown:
- Minimum Deviation from Last Deal: This is the percentage gap you set from the price of the last deal. It's your buffer zone, ensuring you don't jump back in too soon.
- Price Source Options: You can choose between the entry price and the average price of the last deal. The entry price is static. It's the price point at which your last concurrently open deal started. The average price, however, changes if the previous deal executes a DCA (Dollar Cost Averaging) order. This average price adjusts based on how the market moves and how you've averaged down your entry point on the last deal.
A Dynamic Price Filter Example
Let's imagine a multipair bot tracking BTC and ETH. Here are the settings:
- Entry: RSI 1H crosses down 20
- Exit: 5% TP or 15% SL
- Max 10 concurrent deals, and max 5 deals per pair
- No DCA
- Dynamic price filter of 10% deviation from entry price
Your bot springs into action and receives a signal for BTC, snagging a deal at $50,000. Then, ETH also receives a signal, and without any active ETH deals to restrict it, your bot can enter at any price point—let's say $3,000. Fast-forward and another BTC signal pops up; the price is currently $48,259. Since the deviation must be at least 10% from the previous BTC deal entry price, $50,000, the bot won't be able to open another deal on BTC unless the price is under $45,000.
Time goes by and another signal for BTC comes in, this time at $42,345—more than 10% below your last entry. Your bot, seeing the green light, dives in for another deal. Now you have 2 open deals on BTC, and since the last deal entry price was $42,345, the next deal on BTC can only start under $38,110.5.
What's cool here is the flexibility. Your dynamic filters reset if the market pumps and your deals close at a profit. Your bot is ready to start fresh, looking for the next signal that matches your entry criteria.
Why This Matters
Using static or dynamic filters, you're setting up a system that knows when to enter the fray and when to wait for the next round. This approach protects your investment and strategically positions you to capitalize on market movements that align with your analysis.
