The Ping-Pong bot uses a simple trading method that is analogous to a game of Ping Pong. It takes advantage of small price changes that occur quickly during a sideways market.
The Ping Pong bot works very much like the Scalper Bot. Instead of basing the targets on the last buy and sell price, the Ping Pong bot sets its targets dynamically based on historical data. As the name implies this bot is trying to play a little game of ping-pong with the prices. It sets a bottom price to buy and an upper price to sell, then double checks if this price difference is enough to surpass the fee costs. If so, the bot holds these prices for a while and waits. If the current prices reach the buying or selling points the bot will execute it's order.
- This bot is not intended for trading large amounts or trading during a trending market.
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 than 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.
Coin Position The start position of the bot. If your assets currently are in BTC, select BTC. If your assets are in USD, choose USD. The value has no relation to the trade amount currency.
Trade Amount The allocated amount for the bot to use.