Bollinger Bands TA margin_pt

Bollinger Bands (TA) (margin)

This page describes how margin trading on Bitmex works with the Bollinger Bands TA strategy. The triggers for trades are slightly different than in the same strategy for regular trading.

Contents:

1. How to work with this strategy
2. Strategy parameters
3. Margin settings
4. Buy settings
5. Sell settings
6. Balance settings
7. Indicator settings
8. Dollar cost avg settings
9. Reversal trading settings
10. TrailMe settings
11. Misc settings
12. Placeholders

How to work with this strategy

The expected behavior for margin trading with Gunbot is that it will open one position, either long or short, and close this position when the target is reached. When the stop is hit before profitably closing a trade, Gunbot will place a stop order at loss. After closing a position, Gunbot will again look to open a new long or short position. Gunbot will not add to existing open positions.

Please don't manually add to or reduce positions opened by Gunbot, unless you stop running Gunbot on this trading pair until you've closed this position.

Long / Buy

A long position is opened when the ask price crosses over LOW_BB.

Short / Sell

A short position is opened when the bid price crosses under HIGH_BB.

Close

A position is closed when the desired ROE is reached.

Stop

A position is closed at loss when STOP_LIMIT is reached.

Strategy parameters

Following settings options are available for BBTA and can be set in the strategy configurator of the GUI or the strategies section of the config.js file.

These settings are global and apply to all pairs running this strategy. When you want a specific parameter to be different for one or more pairs, use an override at the pair level.

Using the BUY_METHOD and SELL_METHOD parameters you can combine different methods for buying and selling. This strategy page assumes both BUY_METHOD and SELL_METHOD are set to BBTA. Accepted values are all strategy names as listed here.

Margin settings

Margin settings control settings like leverage and the target for ROE. These parameters are relevant when using BBTA as buy and/or sell method.

Parameter	Default value	Description
ROE	1	Values: numerical - represents a percentage. This sets the target for closing a position. ROE is measured as a percentage from the opening rate of a position, leverage and fees are not taken into consideration.
LEVERAGE	0	Values: numerical – between 0 and 100 For margin trading only. Sets the leverage for opening any position. Setting 0 places the order with cross margin.
ROE_TRAILING	false	Values: true or false. Use this to enable tssl-style trailing for ROE.
ROE_LIMIT	1	Values: numerical – represent a percentage of ROE. This sets the range for ROE trailing. Setting a range of 5% at a ROE target of 1 would set an initial range between 0.95 and 1.05. As long as ROE keeps increasing, the range moves along with ROE. As soon as ROE start decreasing, the lower range gets frozen. A close order is placed when ROE crosses the lower limit.

Buy settings

Buy settings are the primary trigger for opening long positions. These parameters control the execution of buy orders when using BBTA as buy method.

Parameter	Default value	Description
BUY_ENABLED	true	Values: true or false. Set this to false to prevent Gunbot from placing buy orders. Affects all types of buy orders.
NBA	0	Values: numerical, represents a percentage "Never Buy Above". Use this to only allow buy orders below the last sell rate. This sets minimum percentage difference between the last sell order and the next buy. The default setting of 0 disables this option. When set to 1, Gunbot will only place a buy order when the strategy buy criteria meet and price is at least 1% below the last sell price.
PRE_ORDER	false	Values: true or false. When set to true, limit orders will placed at a configurable rate beyond the best bid/ask price to get ahead of the order book.
PRE_ORDER_GAP	0	Values: numerical - represents a percentage. Sets the gap between the best bid/ask price in the orderbook and the rate at which a limit order gets placed. Long orders are placed at ask + gap. Short orders are placed at bid - gap. It is possible to use negative values, this will increase the chance of receiving maker fees. Example when set to 1 and a buy signal occurs at an ask price of 100: a limit order gets placed at a rate of 101. When set to -1 and a buy signal occurs at an ask price of 100: a limit order gets placed at a rate of 99.

Sell settings

Sell settings are the primary trigger for opening short positions. These parameters control the execution of sell orders when using BBTA as sell method.

Parameter	Default value	Description
SELL_ENABLED	true	Values: true or false. Set this to false to prevent Gunbot from placing sell orders. Affects all types of sell orders.

Balance settings

Go to balance settings

Indicator settings

Relevant indicators for trading with BBTA

These settings have a direct effect on trading with BBTA, this is where you configure how Bollinger Bands are calculated and at which distance from them orders should be placed. Additionally, BUY_LEVEL is dependant on EMA.

Parameter	Default value	Description
PERIOD	15	Values: numerical– represents candlestick size in minutes. This sets the candlestick period used for trading, this affects all indicators within the strategy and the BUY_LEVEL. Only use supported values. Setting a short period allows you to trade on shorter trends, but be aware that these will be noisier than longer periods.
LOW_BB	0	Values: numerical – represent a percentage. This sets the target for going long. Negative values are allowed. The bot will buy after prices first move under the set % from the lower Bollinger Band, then cross over the set level. Additionally, the price must be below the entry point as defined by BUY_LEVEL. When set to 0, the lower Bollinger Band is the target. When set to 30, the target is 30% above the lower Bollinger Band - the upper band is at 100% from the lower band.
HIGH_BB	0	Values: numerical – represent a percentage. This sets the target for going short. Negative values are allowed. The bot will sell after prices first move over the set % from the upper Bollinger Band, then cross down the set level. Additionally GAIN must be reached. When set to 0, the upper Bollinger Band is the target. When set to 30, the target is 30% under the upper Bollinger Band - the lower band is at 100% from the upper band.
SMAPERIOD	50	Values: numerical – represents a number of candlesticks. This defines the number of periods used for calculating Bollinger Bands.
STDV	2	Values: numerical (recommended: between 1.9 and 2.1) - represents a multiplier value used in the bollinger bands calculation. This value defines the multiplier used for calculating Bollinger Bands.
EMA1	16	Values: numerical – represents a number of candlesticks. Set this to the amount of candlesticks you want to use for your slow EMA. The closing price for each candle is used in the slow EMA calculation. For example: when you set PERIOD to 5, and want to use 2h for slow EMA – you need to set EMA1 to 24 (24 * 5 mins).
EMA2	8	Values: numerical – represents a number of candlesticks. Set this to the amount of candlesticks you want to use for your fast EMA. The closing price for each candle is used in the fast EMA calculation. For example: when you set PERIOD to 5, and want to use 1h for fast EMA – you need to set EMA2 to 12 (12 * 5 mins).

Confirming indicators + advanced indicator settings

This is not available for Gunbot Starter.

Go to confirming indicators

Dollar cost avg settings

DCA is not intented to be used for margin trading.

Reversal trading settings

RT is not intented to be used for margin trading.

TrailMe settings

TrailMe is not intented to be used for margin trading.

Misc settings

Go to misc settings

Placeholders

The following parameters in config.js have no function for this strategy and act as placeholder.

Parameter	Description
ATRX	Placeholder.
ATR_PERIOD	Placeholder.
BUYLVL1	Placeholder.
BUYLVL2	Placeholder.
BUYLVL3	Placeholder.
BUYLVL	Placeholder.
BUY_LEVEL	Placeholder.
BUY_RANGE	Placeholder.
DISPLACEMENT	Placeholder.
DOUBLE_CHECK_GAIN	Placeholder.
FAST_SMA	Placeholder.
GAIN	Placeholder.
ICHIMOKU_PROTECTION	Placeholder.
KIJUN_BUY	Placeholder.
KIJUN_CLOSE	Placeholder.
KIJUN_PERIOD	Placeholder.
KIJUN_SELL	Placeholder.
KIJUN_STOP	Placeholder.
KUMO_BUY	Placeholder.
KUMO_CLOSE	Placeholder.
KUMO_SELL	Placeholder.
KUMO_SENTIMENTS	Placeholder.
KUMO_STOP	Placeholder.
LONG_LEVEL	Placeholder.
MACD_LONG	Placeholder.
MACD_SHORT	Placeholder.
MACD_SIGNAL	Placeholder.
MEAN_REVERSION	Placeholder.
PP_BUY	Placeholder.
PP_SELL	Placeholder.
RENKO_ATR	Placeholder.
RENKO_BRICK_SIZE	Placeholder.
RENKO_PERIOD	Placeholder.
SELLLVL1	Placeholder.
SELLLVL2	Placeholder.
SELLLVL3	Placeholder.
SELLLVL	Placeholder.
SELL_RANGE	Placeholder.
SENKOUSPAN_PERIOD	Placeholder.
SHORT_LEVEL	Placeholder.
SLOW_SMA	Placeholder.
TAKE_BUY	Placeholder.
TBUY_RANGE	Placeholder.
TENKAN_BUY	Placeholder.
TENKAN_CLOSE	Placeholder.
TENKAN_PERIOD	Placeholder.
TENKAN_SELL	Placeholder.
TENKAN_STOP	Placeholder.
TP_PROFIT_ONLY	Placeholder.
TP_RANGE	Placeholder.
TSSL_TARGET_ONLY	Placeholder.
USE_RENKO	Placeholder.