New trading method - stop loss about gekko HOT 12 CLOSED

Hi,

I've added an initial implementation of a TrailingStop strategy:
https://github.com/laredoza/gekko/blob/stable/strategies/L1-TrailingStop.js
https://github.com/laredoza/gekko/blob/stable/config/strategies/L1-TrailingStop.toml
Still needs a lot of testing though, so don't trust it.

A nice description can be found here:
https://www.youtube.com/watch?v=kY9n8EQqs7w

A. Where this strategy works:

1. Initial buy at $100, sell order at $110, stop order = 98$(trailingValueIncrement = $2) --> Market value hits $110. You == Trading God
2. Initial buy at $100, sell order at $110, stop order = 98$(trailingValueIncrement = $2) --> Market value hits $108. then drops to $90. This strategy would have sold at $106. You == Trading God

B. Where this strategy doesn't work so well:

1. Initial buy at $100, sell order at $110, stop order = 98$(trailingValueIncrement = $2) --> Market value drops to $98, then rises to $110 immediately. You != Trading God as you would have sold at $98. You would have lost $2 + $10

The problem here is that the stop order was too tight. If you used a stop increment of $4 you would have got your full profit but in A.2 you would have lost another $2. Using the correct stop order is key. As far as I lnow the ASR indicator can be used to dermine the correct stop order increment.

This is a semi-automated system so I'm not 100% sure if it belongs in Gekko to be honest.

from gekko.

More info on stop-loss orders: http://www.investopedia.com/terms/s/stop-lossorder.asp
http://en.wikipedia.org/wiki/Order_(exchange)#Stop_orders

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It would be extremely simple, I will do this soon or you can send a pull request.

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I like this idea. I need to polish the nma integration then i may havea look at that.

How do you see the config? A fix value? a percentage? Or both, based on the last trade price?

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Since u r thinking of stoploss do consider having a trailing stoploss ... which will also protect profit ... you may also let user specify how much trailing stoploss he wish to have.

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I try to set up Trailing Stop after a new position is open, what is the best solution to achieve this ?

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Were you able to achieve trailing? Would appreciate some direction.

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Hello Gents,

Currently looking at Bitstamp API. These are the possible orders:
BUY LIMIT ORDER
BUY MARKET ORDER
SELL LIMIT ORDER
SELL MARKET ORDER

In their web UI they also support STOP ORDERs with trailing stop.
Do you know any exchange that supports stop orders over the API?

Thanks,
Jure

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GDAX supports Stop + Stop Limit orders as well.

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@laredoza
I'm trying to set up your trailing Stopploss strategy, but have some difficulties.
I don't want it to buy anything, just keep the stopp loss 5% below the highest price. If the market drops below that value, all of my holdings should go short.
Can you or anyone else help me with the correct settings?

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Hi @der-seemann, currently this doesn't support percentage but you can add a value.

trailing Value Increment = 10
initialStopValue = 300
movingStopValue = true
buy = false
buyPrice = 0
sell = false
sellPrice = 0

In this example the initial stop value is $300. If the current value goes to 400 the stop order will become 400 - 10 (trailing Value Increment). If the value goes below $390 all your crypto will be sold.

Please test this on the paper trader as I don't have a pc to test this at the moment. You can of course update the strategy to support percentage.

Make sure you test this properly before using it with real fiat / crypto

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