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Strategy

Similarly to the PUMP/Dump strategy template allows you to enter a position quickly and sell for your defined profit target.

New Coin Listing Trading Bot Example Configs:

Commands

create
pure_market_making
binance_paper_trade
BTC-USDT
.001
10
12
.005
Yes
pingpong.yml
config max_order_age 15
config filled_order_delay 2
config price_type last_own_trade_price
config kill_switch_rate 9
config kill_switch_enabled yes

*Pre-config ALL your strategy values ahead of new coin listing EXCEPT the “market” parameter. This will be changed from BTC-USDT to your newly listed coin, at the time of listing using “config market”.

Parameters Explained

1. Set your order amount based on the coin you plan on trading, “config order_amount”.
2. Set your sell take profit using “config ask_spread” , then enter your percentage away from buy in price in decimal format.
3. You also MUST configure a kill switch based on your take profit %. Make sure to set it 1% lower than your take profit. This will kill the bot from buying a second time after first sell.

On the day of the coin listing, the only parameter you should have to configure in live time to get in at the best price is the “market” parameter, then press start.