Is WOLF designed for uptrends only?
Opened this issue · 4 comments
Hi, watching this bot work, I see that after the first buy/sell the bot buys again at a similar price of the latest sell without waiting for a pullback. So if there is a uptrend this can work ok.
However if the trend is going sideways, it may not find an opportunity to sell again, and if STOP_LOSS is set there will be some orders with losses in the way down, and some orders with profit in the way up.
And finally if the trend is going down, there won't be a new buy for the duration of that trend and if STOP_LOSS is enabled there will be a lot of consecutive order with a loss.
If that Is the case, I should start the bot when I think the uptrend is starting and stop it when is ending, but if I am able to predict the trend, then maybe I don't need the bot to do trading in the middle.
Am I missing something?
Thanks in advance!
@pitxels checkout my feature requests, I've already requested solutions for these problems. Such as being to set a buy-limit % and a wait_time after Stop_loss trigger.
Hi @pitxels,
Yes W.O.L.F is designed for uptrends only. Once we solidify the logic for uptrends more and more, we'll think about shorting strategies.
W.O.L.F in its state right now is actually quite dumb, or not aware of signals. It won't cancel any orders for you programmatically to put a better, more recent, more accurate price if people put bids higher/lower than W.O.L.F.
So many cool ideas. I'm working on em'!
I can't wait to see them all!
I have been thinking about it, and while these new ideas for implementing smart strategies come to life, there is one simple use case that I think doesn't need much effort: Using Wolf as a vigilant for a single manual trade, in this case you simple need to disable the loop (maybe with a setting in .env). This way you can make a trade that can take hours or days, and you will know that as long as WOLF is running ok, It will protect you for a big loss AND selling for the profit you wanted, while you sleep.