Tenkan
Last updated
Last updated
An easy to use strategy with built in DCA and ROE trailing, using the Ichimoku tenkan line.
This strategy uses a limited subset of the regularly available strategy settings. Only the strategy options shown in the strategy editor for Tenkan have an effect.
A long position is opened when price is below kumo and tenkan crosses down the candle body. If the same happens again at a price at least 'DCA spread' below the previous order, a DCA order is placed.
A short position is opened when price is above kumo and tenkan crosses up the candle body. If the same happens again at a price at least 'DCA spread' above the previous order, a DCA order is placed.
To close a trade, the opposite conditions of opening it must happen and ROE scalper must finish trailing.
Use the advanced strategy editor and create a new strategy, select TENKAN as buy and sell method.
To use this strategy, these are the settings you can configure:
Setting
Description
Trading limit
The amount to invest per buy order.
On an USDT-BTC pair, a trading limit of 20 means that every buy order is for 20 USDT. Always make sure that trading limit is set higher than min volume to sell.
Buy enabled
Allow / disallow buy orders
When true, the bot is allowed to place buy orders.
Sell enabled
Allow / disallow sell orders
When true, the bot is allowed to place sell orders.
ROE
Minimum ROE target
This is the minimum ROE target for any position.
ROE limit
Trailing range in ROE
When trailing, this setting defines how large the trailing range is. When set to 5 and trailing starts when 10% ROE is reached, the initial trailing stop will be set at ROE 5.
DCA spread
Minimum price difference between orders in the same direction
A DCA spread of 1 makes sure that orders are never placed closer than 1% apart.
Maker fees
Option to use post only orders
With this option enabled, orders get placed as post only.
Market close
Use market orders to close positions
When false, close orders are placed as limit orders. When true, close orders are placed as market orders.
Period
Sets the chart interval
Candles length
Number of candles requested from the exchange
Tenkan period
Number of candles used to calculate tenkan
Kijun period
Number of candles used to calculate kijun
Senkouspan period
Number of candles used to calculate senkou span
Displacement
Number of candles to displace kumo
The default period is 15. Make sure to only use
