Support / Resistance
Buy at support, sell at resistance. That's all this strategy does. You can configure a distance from support and resistance, to configure a range where it will trade.
How to work with this strategy
There is just a single setting that defines the entry point for this strategy: SupRes_SPREAD
This setting represents a percentage (of price) above the first support level (when buying), or below the first resistance level (when selling). As soon as price crosses this threshold, it will place an order. If the balance settings allow for multiple orders, a buy order gets placed every time the buy conditions are met.
In the example below, SupRes_SPREAD is set to 0.1, the "buy at" line visualizes the target. The sell target would be 0.1 % below the first resistance level.
Keep in mind that support and resistance are not static targets. This makes the SupRes_SPREAD setting more or less a trailing range. It's very important to set a value that makes sense for the current pair and the price range it is in: too big of a spread can cause immediate trades.
The strategy sells when price crosses SupRes_SPREAD and GAIN is reached.
This strategy can buy multiple times, it can be capped with SupRes_MAX.
Formula
Gunbot uses the following formula to calculate support and resistance levels. The number of candles uses as input is user configurable with the SMAPERIODsetting.
P = (H + L + C) / 3
R1 = (P 2) - L
R2 = P + (H - L)
S1 = (P 2) - H
S2 = P - (H - L)Less options than usual
This strategy is a bit different from other strategies, it has much less configurable options. Confirming indicators or additional trailing are disabled.
Strategy parameters
Following settings options are available for SupportResistance and can be set in the strategy configurator of the GUI or the strategies section of the config.js file.
These settings are global and apply to all pairs running this strategy. When you want a specific parameter to be different for one or more pairs, use an override at the pair level.
Using the BUY_METHOD and SELL_METHOD parameters you can combine different methods for buying and selling. This strategy page assumes both BUY_METHOD and SELL_METHOD are set to SupportResistance. Accepted values are all strategy names as listed here.
Buy & sell settings
Buy settings are the primary trigger for buy orders. Sell settings control how sell orders are placed. These parameters control the execution of buy orders when using SupportResistance as buy & sell method.
Buy enabled
Set this to false to prevent Gunbot from placing buy orders.
Values: true or false
Default value: true
Affects
Does not affect
Strategy buy
Strategy sell
DCA buy
Stop limit
RT buy
Close
RT buyback
RT sell
Parameter name in config.js: BUY_ENABLED
Sell enabled
Set this to false to prevent Gunbot from placing sell orders.
Values: true or false
Default value: true
Affects
Does not affect
Strategy sell
Strategy buy
Stop limit
RT buy
RT sell
RT buyback
Close
DCA buy
Parameter name in config.js: SELL_ENABLED
Gain
This sets the minimum target for selling. Gunbot will sell once price reaches the set percentage above the break-even point. and SupRes_SPREAD is reached.
If you want to have at least 2% profit per trade, set this to 2.
Values: numerical – represents a percentage.
Default value: 0.5
Affects
Does not affect
Strategy sell
Strategy buy
RT buy
RT buyback
RT sell
Close
DCA buy
Stop limit
Parameter name in config.js: GAIN
Sup / Res spread
Sets the distance from support/resistance levels, in which orders may be placed.
For buying: this value is a percentage above the first support level.
For selling: this value is a percentage below the first resistance level.
Values: numerical, represents a percentage (of price)
Default value: 0.1
Affects
Does not affect
Strategy sell
Stop limit
Strategy buy
RT sell
RT buy
RT buyback
Close
DCA buy
Parameter name in config.js: SupRes_SPREAD
Sup / Res max
Use this setting to limit how many times the strategy is allowed to buy, by setting a maximum allowed position size in base currency.
If the combined value of quote balance, open orders and the next order to place are higher than SupRes_MAX, then no further buy orders will be placed.
Values: numerical, represents a value in base currency
Default value: 0
Affects
Does not affect
Strategy sell
Stop limit
Strategy buy
RT sell
RT buy
RT buyback
Close
DCA buy
Parameter name in config.js: SupRes_MAX
Indicator settings
These indicator settings have a direct effect on trading with SupportResistance.
Period
This sets the candlestick period used for trading, this affects all indicators within the strategy.
Only use supported values.
Setting a short period allows you to trade on shorter trends, but be aware that these will be noisier than longer periods.
Values: numerical– represents candlestick size in minutes.
Default value: 15
Affects
Does not affect
Strategy sell
RT buy
Strategy buy
RT buyback
DCA buy (when using an indicator to trigger)
RT sell
Close
Stop limit
Parameter name in config.js: PERIOD
SMA Period
This defines the number of candles used for calculating support and resistance level.
Values: numerical – represents a number of candlesticks.
Default value: 50
Affects
Does not affect
Strategy sell
RT buy
Strategy buy
RT buyback
RT sell
Close
Stop limit
DCA buy order
Parameter name in config.js: SMAPERIOD
Balance settings
Balance settingsMisc settings
Misc settingsDCA settings
This strategy cannot use DCA. Averaging down is natively implemented by allowing multiple buy orders.
Reversal trading
This strategy cannot use reversal trading.
TrailMe settings
This strategy cannot use TrailMe.
Confirming indicators
This strategy cannot use confirming indicators.
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