Market Maker Bot Signals Overview
▻https://hackernoon.com/market-maker-bot-signals-overview-9e48d35567e7?source=rss----3a8144eabfe
IntroductionDeciding when to buy low and sell high is the key to any automated trading strategy. We’ve been incorporating many theories in our bot as it evolves over time, and this post will summarize them.RSIDon’t buy RSI over 70 — don’t sell RSI under 30. Simple. RSIs are minutely arrays in 6 second update intervals separated into 10 instances, checked against the minutely values from the previous 14 values of bids.Bollinger BandsDon’t buy over upper BB band. Simple. Same methodology as RSIs except over 9 minutes.Tiered Buy Orders Down the BooksAs the price declines, and we submit buy orders that turn into trades, we submit smaller buy orders for lesser prices. This allows us to scrape differences in the books easier than holding a coin until it appreciates, and allows us to profit more from (...)