Tenkan
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.
Trading behavior
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.
How to create a tenkan strategy
Use the advanced strategy editor and create a new strategy, select TENKAN as buy and sell method.
Strategy settings
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. |
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 The default period is 15. Make sure to only use supported period values. The trading settings editor suggests valid values for the selected exchange. |
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 |