A short description of how this automated trading system works
You create a trading config where you choose a trading pair, for example ETH NPXS and create a config for this trading pair.
You add a price interval for the trading pair ETH NPXS, for now lets assume that the market price is 0.00000650 ETH for 1 NPXS.
Lets assume you choose the price interval (0.00000500, 0.00000700).
You will also choose a step_down value for this specific interval. Lets assume that step_down is 0.00000005.
And aslo you will have to choose a specific trading sum that will be used for every buy order that is added in this interval. Lets say you choose 0.01000000 ETH.
Now, everytime the maket price is between 0.00000500 and 0.00000700, a buy order will be added at current market price - 0.00000005 in the case that no other buy order was already added close (+-0.00000005 distance) to that value.
More exactly if current price is 0.00000650, a buy order will be added at price 0.00000645 if no other buy order is already added at prices between (0.00000650, 00000640).
Based on buy_distance config setting, a number of buy orders will be added.
For example if buy_distance is 3, a buy order will be added at price 0.00000645, another at price 0.00000639 and another at price 0.00000634.
In case of step_down being 0, then buy_distance orders will be added starting from current price and decreasing by one price unit: 0.00000650, 0.00000649, 0.00000648.
After one of your buy orders is executed (filled), a sell order will be added that corresponds to that particular buy order.
That sell order will be at a price higher than the price that was on buy, and the sell price will be computed based of a setting value from your interval: value_up or procent_up.
When you define the price interval you'll have to choose a value_up or a procent_up value.
If you choose value_up to be 0.000000020, the sell price will be equal to buy_price + 0.00000020.
If you choose procent_up to be 0.14, the sell price will be equal to buy_price * 1,14, that means 14% more.
Based on your config settings, you can choose to keep a part of profit as NPXS and not to sell all NPXS quantity that was bought. This works only if the profit is > 10 NPXS after substracting binance fee that we consider it to be 0.1%.
You have to take care not to trade with too much ETH/BTC when market is high because if the maket gets down you may block considerable ETH/BTC at high prices.
It is easier/safer to trade with higher sums when market is low.
This method works well on long term if prices will vary in your setted intervals most of the time.
We support a limited number of trading pairs for now and only for ETH and BTC currencies.