Scalper Bot

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The scalper 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.

About

As the name implies this bot is designed to scalp the prices. Compare it to what the indians did to the people who where defeated but who lived on. Just a little bit of there headskin was scalped and hair never growed back on it. This bot does the same when trading, its tries to earn from price movement. It a pretty durable and safe bot to run because it will not making losses.

In overall this bot is not designed to trade with high trade-amounts, in fact if you setup several of them then you are spreading your options and that will even be more profitable.


Performance

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 this bot might get stalled. It might be waiting for a price which will not come very soon again.


Setup

  • 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 scalper 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"

Setup scalper1.png

  • A new bot is now created and if you click on it then it will show up

Setup scalper2.png

  • 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.

Setup scalper3.png


This is a very typical backtest result of a scalper bot running. It will not make high profits per trade, but it will make many trades and those profits add up. Setup scalper4.png


Advanced

There is a settings field listed named "Safety threshold" and with this field you can make this bot allow for losses in order to favor trading. Its set to 99% by default so it will not be used. But if you set this to 5% (for example) then you are in facts saying: "forget the last buy and sell prices if the price goes in the wrong direction by 5%".


Used symbols

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.

Setup scalper5.png


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.


Management

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.

Setup scalper7.png


Troubleshooting

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.

Setup scalper6.png


Related

You can also read about the order Bot and pingpong bot which is also very easy to setup and available within all licenses.


This might sound odd, but most people who use this bot like to improve it. In order to do so there are 2 options. You can replicate this scalper-bot inside the trade-bots or you can script it.

Additional resources

Haasonline forum


Video on how to setup