Hello, traders! I've set aside some time today to address the questions you've sent me via DM. Let's get started!
What settings should I use?
Find the middle ground – not excessively tight, not much loose. Set your upper and lower limits at about 5% above and below the current market price. This approach ensures you stay comfortably distant from triggering orders, even amidst the exhilarating market fluctuations.
How much is your monthly profit range for this strategy?
Balancing profit with stability is a delicate dance. In volatility markets, it may be wise to opt for a wider spread - consider 2% to 5%. In calmer waters, you may want to explore a narrower spread of 0.5% to 1.5% for Swiffer profits. The decision ultimately depends on your risk tolerance.
How much should I risk from my capital?
Your deposit isn't merely a number – it represents your "lives" in the crypto market. A common rule of thumb is to avoid allocating more than 20% to 30% of your total investment in any single trading strategy. It's cushion guards against sudden downturns while affording your trades room to breathe.
How can I test it?
You should use historical market data to simulate work under diverse market conditions. It's practice fine-tunes your parameters and helps you identify potential pitfalls before real capital is at stake. This feature you can use on Bitsgap :)
Stay alert to market fluctuations and be ready to adjust your strategy as needed. Remember that your insight, attention and thorough research are immeasurably valuable.
I always pay attention to three factors:
Coin volume and volatility (up to 10% and more)
News-based influences
Examination of EMA behavior – the farther it diverges from the price, the greater the potential for fluctuations.
Do you trade with GRID bots? You are welcome to write in the commentary below! I always appreciate your likes and subscriptions!
What settings should I use?
Find the middle ground – not excessively tight, not much loose. Set your upper and lower limits at about 5% above and below the current market price. This approach ensures you stay comfortably distant from triggering orders, even amidst the exhilarating market fluctuations.
How much is your monthly profit range for this strategy?
Balancing profit with stability is a delicate dance. In volatility markets, it may be wise to opt for a wider spread - consider 2% to 5%. In calmer waters, you may want to explore a narrower spread of 0.5% to 1.5% for Swiffer profits. The decision ultimately depends on your risk tolerance.
How much should I risk from my capital?
Your deposit isn't merely a number – it represents your "lives" in the crypto market. A common rule of thumb is to avoid allocating more than 20% to 30% of your total investment in any single trading strategy. It's cushion guards against sudden downturns while affording your trades room to breathe.
How can I test it?
You should use historical market data to simulate work under diverse market conditions. It's practice fine-tunes your parameters and helps you identify potential pitfalls before real capital is at stake. This feature you can use on Bitsgap :)
I always pay attention to three factors:
Coin volume and volatility (up to 10% and more)
News-based influences
Examination of EMA behavior – the farther it diverges from the price, the greater the potential for fluctuations.
Do you trade with GRID bots? You are welcome to write in the commentary below! I always appreciate your likes and subscriptions!
