After the bot receives a signal to enter the deal, it sends opening orders to the exchange, according to its settings.
The first order in the grid (or the only one) can be placed as the market order (and executed immediately), or you can set an indent for it – and it will be a limit order. For market orders, the exchange charges you an increased trading commission (“Taker”). To set a market order, select “Market” or “0” in the parameter settings “Indent” of the first order. For a limit order, an offset greater than 0 is required.
According to the standard, it is proposed to set an indent of 0.2%. Leave this parameter untouched if you are configuring the bot for the first time.
The offset is calculated in the direction of an unfavorable price movement. That is, in a Long bot, grid orders are placed below the current price in order to average a position when the price decreases.
Sometimes it happens that the bot has received a signal, placed orders, but at this moment the price is moving towards profit and does not return to hook even the very first order of your grid. In this case, we need the “Pull up” parameter. This is a limitation, the purpose of which is to cancel the grid if the price has run away.
If, with “0” (from 1) executed orders, the coin price reaches the calculated pull-up price (=3762), bot will cancel the deal and switch back to the “Awaiting signal” status.
The notification in the Telegram “The bot has opened a deal” means that the filters for the start have worked and the bot has placed orders on the exchange.
That is, you may receive many messages that the bot has entered into a deal. But if after that there are no notifications that the first order has been executed, it means that a Pull-up is taking place and the deals have been canceled. If this happens too often, you can reduce the “Indent” in the bot settings (or set it to “0”, i.e. select enter with a market order) or slightly increase the “Pull up” value.
You can evaluate which correction is better to apply using our Analysis tool (backtest). Its results show how many deals are canceled due to a “Pull-up” (which means that suitable entry points were missed in order to save on the exchange commission).
Attention! Too high a “Pull up” value (for example, above 1%) can lead to the fact that the bot enters the deal according to the indicators, the price goes up and down (but the deal will not be canceled, since the Pull up was not achieved), the indicators already show unsuitable values for entry, and then the placed order is executes. Please be careful when choosing this option.
If you notice that the bot enters a deal “not by indicators”, open the list of orders in the trade and check the exact time when the order was placed and when it was executed.
Important! Even if your first order in the bot is a market one, the Pull up parameter still needs to be specified so that the platform allows you to save the settings.
If your first order is executed, the Pull up will not be valid. The bot will average a position or execute a take profit order.
Note. Sometimes you may see that the deal is suspended in a “Pull up” state, but the position for the asset on the exchange was actually created. This happens if the first order in the grid was executed only partially, due to the lack of liquidity. You can either wait for the bot to work out, or cancel the deal and close the position manually according to our instructions.
