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spanishcross [2019/05/13 06:21]
cryptocoyn
spanishcross [2019/05/13 09:31] (current)
cryptocoyn
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 <callout type="​info"​ icon="​true"​ title="​Strategy Overview">​ <callout type="​info"​ icon="​true"​ title="​Strategy Overview">​
-  * Slow and Steady, Wins the Race. The intent of these settings is to create a set and forget closed loop system that buys trading pairs on an upward trend and takes them through a trading workflow designed to maximise profits throughout the entire trade cycle. +  * Slow and Steady, Wins the Race. The intent of these settings is to create a set and forget closed loop system that buys trading pairs on an upward trend and takes them through a trading workflow designed to maximise profits throughout the entire trade cycle. The idea being to back the winners and toss the losers quickly.
- +
-  * The idea being to back the winners and toss the losers quickly.+
  
   * It is not that quick though, it does take time depending on market conditions at the time, but it has proven a profitable strategy during testing.   * It is not that quick though, it does take time depending on market conditions at the time, but it has proven a profitable strategy during testing.
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 <callout type="​danger"​ icon="​glyphicon glyphicon-search"​ title="​Entry Criteria">​ <callout type="​danger"​ icon="​glyphicon glyphicon-search"​ title="​Entry Criteria">​
-  * The strategy entry criteria ​makes use of ...+  * The strategy entry criteria ​is part of a defined workflow as follows: 
 +      * Stage 1 Pairs Log 
 +      * Stage 2 DCA log 
 +      * Stage 3 Pending Log 
 + 
 +  * **Stage 1 of the workflow is the Pairs Log:** 
 +      * The buy strategy purchases trading pairs on a bullish upward trend so these pairs typically start out negative usually like -1 to -2 dollars or less and then start to go into profit 
 + 
 +  * **Stage 2 of the workflow is the DCA log:** 
 +      * DCA in this strategy is used primarily to do Positive DCA. 
 +      * If you are lucky some of these trading pairs in the Pairs Log will exceed the Pairs profit target and at 4% profit will go into [[specific_strategies#​positive_dca_aka_anti-dca_or_anti-martingale|Positive DCA (Anti-DCA or Anti-Martingale)]] and attempts to improve profits by backing the winners and increasing our position size on the trade. 
 +      * Those pairs that do go into Positive DCA and do a DCA buy will initially show as a loss in the DCA log as DCA is buying into an uptrend, so the average cost increases, but these pairs will go green and sell off if the bullish uptrend continues. 
 +      * It is also using [[specific_strategies#​purchase_same_number_of_coins_per_dca_level|Purchase same number of coins per level]] for the DCA buys. 
 + 
 +  * **Stage 3 of the workflow is the Pending Orders loop:** 
 +      * If the trading pairs fail to sell off out of the Pairs log, Stage 3 of the workflow, outlined in the exit criteria below, will pick them up and deal with them.
  
   * It uses trailing buy to ensure we buy as close to the bottom of the trade cycle as possible.   * It uses trailing buy to ensure we buy as close to the bottom of the trade cycle as possible.
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 <callout type="​success"​ icon="​glyphicon glyphicon-signal"​ title="​Exit Criteria">​ <callout type="​success"​ icon="​glyphicon glyphicon-signal"​ title="​Exit Criteria">​
-  * This strategy ​checks ....+  * This strategy ​exit criteria is part of a defined workflow as follows: 
 +      * Stage 1 Pairs Log 
 +      * Stage 2 DCA log 
 +      * Stage 3 Pending Log
  
-  * This strategy makes use of ....+  ​* **Stage 1 of the workflow is the Pairs Log:** 
 +      * Once in the pairs log the trading pairs tend to start to go into positive territory as they were purchased in a bullish upward trend. 
 +      * If bullish market conditions prevail you wind up with a screen of all green trading pairs. This potentially gives you more capital to trade with as they sell off out of the Pairs log. 
 +      * If they fail to sell off out of the Pairs log, Stage 3 of the workflow will pick them up and deal with them. 
 + 
 +  * **Stage 2 of the workflow is the DCA log:** 
 +      * Note Positive DCA may put the pair at a temporary loss as it increases your average cost. 
 +      * If the upward trend continues the trading pair should quickly recover from this loss or it will attempt to DCA in the normal manner to reduce its average cost and hopefully bring it back into profit. 
 +      * Any trading pair that doesn'​t sell or can't be recovered will be picked up by Stage 3 of the workflow which tosses the losing trades using Pending Orders. 
 + 
 +  * **Stage 3 of the workflow is the Pending Orders loop:** 
 +      * Any pairs that do not sell at any stage of the trade workflow will get picked up every 4 hours by the Pending Orders loop. 
 +      * The Pending Orders settings create pending Limit Orders on the exchange at a target price equal to the GAIN percentage you set. 
 +      * Because the pending orders are sitting on the exchange they will start to be picked up and sold clearing them over time and thus providing a dilution of the pairs that haven'​t previously sold. This automated dilution method is unlike other dilution methods where pairs get broken down into tiny portions, i.e. 1/25th, and those tiny portions are manually sold off individually. 
 +      * As a result of these exchange sales of the pending orders you will start to see your Trading Balance get increased at random intervals as these sales occur. 
 +      * Alternatively the bot continues to buy pairs, some of which are the same trading pairs that are sitting on the exchange as pending orders. 
 +      * The bot will look at the combined profit of both the recently purchased pair and the pending order and if this exceeds 0.25% these trading pairs pending orders will be canceled and the pairs combined to sell off at a profit in the Pairs Log. This allows those trading pairs to be recorded in the Sales Log.  
 +      ​* This dilution method relies on having sufficient capital to keep purchasing pairs so that the Pending pairs will clear over time as more of that pair are purchased and soldSo stage 1 combined with stages 2 and 3 provide this working capital over time without the need to inject fresh funding to keep this closed loop system working. 
 +      * It stops the trading pairs sitting around in the DCA log doing nothing and stopping you from trading by tying up all your funds. 
 + 
 +  * Following this the trade workflow completes and the closed loop repeats.
 </​callout>​ </​callout>​
  
 <callout type="​tip"​ icon="​true"​ title="​Strategy Tips">​ <callout type="​tip"​ icon="​true"​ title="​Strategy Tips">​
-  * The key to this strategy is to ensure you do not overextend yourself by getting your max trading pairs and initial cost right to suit your trading budget.  +  ​* The trick to using Spanish Cross effectively is a whitelist, only you can decide what goes into your whitelist of trading pairs. Only trade coins that you don't mind holding - because they will accumulate over time. 
-  * Use the [[default_settings#​PTTracker_DCA_Calculator|DCA calculator]] we provide to work these values out covering at least 4 levels of DCA for all your pairs. Once you have those values enter them into this strategy. The [[default_settings#​PTTracker_DCA_Calculator|DCA calculator]] also ensures you have a 50/50 split on your trading budget to ensure you have sufficient budget for the sell side of this strategy.+ 
 +  * One tweak you can do to the Spanish Cross settings is to set the pending to trigger at a loss amount, rather than a time setting. A suggested option would be to set the loss amount to -4. 
 + 
 +  ​* The key to this strategy is to ensure you do not overextend yourself by getting your max trading pairs and initial cost right to suit your trading budget. 
 +  
 +  * Use the [[dca_calculator|DCA calculator]] we provide to work these values out covering at least 4 levels of DCA for all your pairs. Once you have those values enter them into this strategy. The [[dca_calculator|DCA calculator]] also ensures you have a 50/50 split on your trading budget to ensure you have sufficient budget for the sell side of this strategy
 + 
 +  * Spanish Cross makes use of Pending Orders. A Pair in the Pending Orders exists solely on the exchange you are trading on. The bot has nothing to do with it.  You can no longer count the trading pairs as part of your holdings as you have created a Limit Sell Order at your GAIN price and have in effect given them to the exchange to sell them for you on your behalf. ​ If you check your funds on the exchange you will see that the exchange considers them as "In Order" until they are either cancelled or sold off. If sold off you will be given the proceeds of the sale in the base currency you are trading in less the exchange fees. The bot will however monitor any Pending Order it creates. We have the DEFAULT_combined_cancel_pending_trigger in pairs.properties and its equivalent in DCA.properties set in order to attempt to cancel the pending orders and return them to the pairs/dca log if combined profit of current trades for the same trading pairs reaching 0.25%. 
 + 
 +  * Spanish Cross makes use of the DEFAULT_combined_cancel_pending_trigger to attempt to cancel pending sales and return them to the pairs/dca log if combined profit reaches the set level. In our case 0.25%  If the Pending Order didn't cancel and the coin sold off from Pairs or DCA then it is likely that the combined profit didn't reach that trigger point. Alternatively the Coin may have sold off before the Pending Order got cancelled in which case the Pending Order would have been recreated. 
 + 
 +  * If you are trading on the Bittrex exchange, please note that Bittrex has a policy of canceling any orders older than 28 days. 
 + 
 +  * As this strategy uses Pending Orders you need to upgrade ProfitTrailer to 2.1.8 or beyond. We recommend you always upgrade to the latest version in any case.
 </​callout>​ </​callout>​
  
  • spanishcross.txt
  • Last modified: 8 days ago
  • by cryptocoyn