Scalper Bot

From Haasonline Software Wiki
Jump to: navigation, search

The Scalper bot attempts to scalp prices. Scalper bots work best on small and quick changes, making it useful in a sideways market. Use this bot with small amounts.

Restrictions

  • None

About

As the name implies, the scalper bot attempts to scalp prices. Scalper bots work best on small and quick changes, making it useful in a sideways market. Use this bot with small amounts to minimize the impact on the orderbook.

Performance

The performance of the bot entirely depends on the skills of the user.

ScalperBot-Performance 1.png


ScalperBot-Performance 2.png

Setup

  • Fist, navigate to the Left side menu and select "Custom bots".
  • Click the plus (+) sign.
  • Select the "Scalper Bot" from the list.
  • Name your new bot.
  • Select the Account (API) to use and the market you like to trade on.
  • Click on "Add bot".

Setup scalper1.png

  • A new bot is now created. Click on it to view its settings.
  • You may want to run a series of backtests to help fine-tune your settings.

Settings

ScalperBot-Parameters.png

Coin Position

The start position of the bot. If your assets are currently in BTC, select BTC. If it is in USD, choose USD. The value has no relation to the trade amount currency.

Trade Amount

The allocated amount for the bot to use.

Template

Some exchanges offer <0% for native order templates. The Scalper Bot gives you the ability to take advantage of this.

Fee

Some exchanges offer alternative fees for using native templates. Utilizing these will adjust the profit calculation.

Target Percentage

The Target Percentage determines the minimum profit of the bot. To overcome the fee, the Target Percentage needs to be twice the fee. When the bot is in a bought position, the price needs to rise by a predetermined percentage before the bot executes a sell order. Conversely, when the bot is in a sold position, the price must drop by a specific percentage before the bot buys again.

Safety Threshold

The safety threshold acts as a "Stop-Loss" for both sides. For example, a setting of 2% allows the price to change by 2% before the safety creates an order to change the bots positions. Similarly, a setting of 98% allows the price to change by 98% before the safety creates an order to change the bots positions.


Additional resources

Setup Video