TrailMe
TrailMe is a group of features that trails different types of trades to improve entry or exit points. This page lists the available configuration options.
Trailing works like the TSSL strategy, but the starting point differs.
Orders from trailing are placed only when the main strategy criteria are met and any confirming indicators allow the order. All conditions must occur in the same cycle.
When buying, trailing aims for a lower entry price than the base strategy would accept. When selling, it can lock in gains as trailing ranges move upward with price.
Basic principles
- Trailing is based on prices, not on indicators.
- When confirming indicators are used, trailing must finish while their conditions are still met.
- When buying, the ask price is used as reference. When selling, bid is used.
- Ranges for trailing are defined as a percentage of the best bid or ask price. Bid is used when selling, ask is used when buying.
- When price moves in the direction of your target, ranges are set around bid/ask every round.
- When price moves in the opposite direction of your target, trailing limits are frozen.
- Ranges are reset when price moves outside of the target.
Buy trailing
The same basic process applies for most kinds of buy trailing (exception: Take Buy). The example below shows how trailing works for buying with the tssl strategy.
When trailing with tssl, trailing must finish below Buy Level. Set a Buy Level that leaves enough room for trailing.
Other types of buy trailing, like DU trailing, follow the same trailing logic, but the threshold below which trailing must finish is different.
| Type of trailing | Must finish below / while |
|---|---|
| TrailMe Buy | While other strategy buy criteria are met |
| TrailMe DU | Below DU Buydown |
| TrailMe RT Buy | Below RT Buy Level |
| Tssl | Below Buy Level, while other strategy buy criteria are met |
Sell trailing
The same basic process applies for most kinds of sell trailing (exception: Take Profit). The example below shows how trailing works for selling with the tssl strategy.
This example looks more complicated than the buy example above because it includes resetting trailing limits.
For sell trailing with tssl, the StopLoss limit must be above your gain setting before trailing can finish. Leave enough room for this to happen by setting a modest gain or using a small sell range.
TrailMe settings
| Label | Config Parameter | Default Value | Detailed Description |
|---|---|---|---|
| TrailMe buy | TRAIL_ME_BUY | false | Enables tssl-style trailing for buy orders once the strategy buy criteria are met. |
| TrailMe DU | TRAIL_ME_DU | false | Applies tssl-style trailing to double up (DU) orders. |
| TrailMe buy range | TRAIL_ME_BUY_RANGE | 0.5 | Percentage range for trailing buy orders. |
| TrailMe sell | TRAIL_ME_SELL | false | Enables tssl-style trailing for sell orders after the strategy sell criteria are met. |
| TrailMe sell range | TRAIL_ME_SELL_RANGE | 0.5 | Trailing range as a percentage for sell orders. |
| TrailMe RT buy | TRAIL_ME_RT | false | Activates tssl-style trailing for RT_BUY orders. |
| TrailMe RT sell range | TRAIL_ME_RT_SELL_RANGE | 0.5 | Trailing range for RT_SELL orders. |
| RT sell up | RT_SELL_UP | 0.3 | Starting point for trailing up an RT_SELL order. Active only when TM_RT_SELL is enabled. |
| RT buy level | RT_BUY_LEVEL | 2 | Percentage drop in price after an RT_SELL required to trigger an RT_BUY. |
Overview of effects on different order types
| Config Parameter | Affected Order Types | Not Affected Order Types |
|---|---|---|
| Trail Me Buy | Strategy buy | RT buy, Strategy sell, Close, DCA buy, Stop limit, RT buyback, RT sell |
| Trail Me Sell | Strategy sell | RT buy, Strategy buy, Close, DCA buy, Stop limit, RT buyback, RT sell |
| Trail Me DU | DCA buy | RT buy, Strategy sell, Close, Strategy buy, Stop limit, RT buyback, RT sell |
| Trail Me RT | RT buy | Strategy buy, Strategy sell, Close, DCA buy, Stop limit, RT buyback, RT sell |
| Trail Me RT Sell | RT sell | Strategy buy, Strategy sell, Close, DCA buy, Stop limit, RT buyback, RT buy |
| Trail Me Buy Range | Strategy buy, RT Buy, DCA buy | Strategy sell, RT sell, Close, Stop limit, RT buyback |
| Trail Me Sell Range | Strategy sell | Strategy buy, RT buy, Close, DCA buy, Stop limit, RT buyback, RT sell |
| Trail Me RT Sell Range | RT sell | Strategy buy, Strategy sell, Close, DCA buy, Stop limit, RT buyback, RT buy |