The pingpong bot been added to the Haasbot to have a easy bot to get started. Its a very simple, but effective bot available in all licenses.
As the name implies this bot is trying to play a little game of pingpong with this prices. It sets a bottom price to buy and a upper price to sell and it double checks if this price difference between it is enough to surpass the fee costs. If so then it holds on for these prices for a while and waits if the current prices reach the buying and selling lines and if so it executes a order.
This bot can suddenly give high profits or it can give a few small losses. Because the buy and selling lines are changed over time it might be possible the bot invested wrong. In overall it will compensate for its losses, if any.
In overall this bot is not designed to trade with high trade-amounts.
This bot will perform at its best when the price market is moving sideways and the more price moves up and down, the better. Luckily the price market is evolving for more then 95% sideways so this bot will work pretty good by default. When the market does go trending anyways then it will adjust itself. This is the moment when it can make big profits or give some small losses.
- The first thing you need to do is go over to the Left side menu and select the "Custom bots"
- A new screen will show up, on it you will find a big + added. Please click on this.
- Select the pingpong bot from the list
- Select the Account (API) you like to use and the Price market you like to trade on
- Click on "Add bot"
- A new bot is now created and if you click on it then it will show up
- When you have setup the setting you might want then its always smart to run a small backtest, which can be find below the options button.
This bot does not have any advanced settings.
The signal lights and symbols are a very common part of the Haasbot, its how we try to show you something is happening or setup wrong.
The first symbol shown here is trying to tell the Account is not connected properly. This can be caused by the bot which is setup to the wrong Account or the Account (API) is not connected. To check the last option its advised to open the wallet view using the icons on the upper left corner and check if the wallet content is present.
The second symbol (the plug) is telling here the price source is not connected. The bot is not getting any price updates. It can be caused by the account which is wrong, if so then you will see the Account symbol as well. (like shown here) or it can be caused by a price market which is just offline.
The last image (dollar bill) is telling the trade-amount is wrong. In this example its caused by the Account which is offline. But if you only see this symbol listed then it means the bot can not find the coins it need for trading.
There is one more symbol (inbox) which is not shown. But when you see this symbol then it means the bot has a open order.
The (bot) dashboard allows for for showing the status of the scalper-bot at real-time. Normally the view is smaller, but you en enlarge it like this and keep trace of the status.
If you like to know how the bot is doing then go to the Bot and open its Log. You can access this by clicking on Options and Log. Inside the log you will see written down what is happening and why.