thetradingparrot
patreon
Ouch! fear index at 21
🕑 Added 2021-05-19 12:34:28 +0000 UTCDilan extreme is doing pretty well today, buying all the catastrophe prices. I've adjusted the TP to only 2 given the severity of the dump.
https://3commas.io/bots/4247310/shared_show?secret=1158decdb0
If you want to buy at discount you could also use a copy of Martyn BUT make sure you set the max deviation to even large numbers at least 30%, you can use it to buy your favourite tokens that are being punished now.
BTC can potentially drop below 33K. We broke 21 weekly EMA, but we started this week going straight for the 34. We have broken the 34 although the candle will only close on Sunday. We need to see how this develops.
In order to enter capitulation stage we need the fear & greed index to really tank first, to find a bottom with most people in panic mode. As long as there's more bulls than bears in social media then it means we haven't actually found the actual bottom. But once that happens then we can't recapitulate.
Institutions need an actual bottom to enter.
I'm not adding funds or panic selling, I'm just using my spare cash to catch the sale while still being very conservative.
Dilan extreme is VERY conservative, but it can be even more (you can drop further the RSI levels if you want to).
On another note, I'm so glad I haven't released the futures signal yet!!! One part of me was excited to have it ready, but it's really disappointing when the same day I make a new shiny signal available with a great 2 month backtest available is the same day the whole market tanks >30% then people wonder if it's really a good signal.
You cannot design a signal for profiting on a disaster day, because if you do then that same signal won't profit anything during a bull run. For example: Dilan extreme is my best bot today, if you ran it between December and March it would have done only a handful of trades.
The stock market, nasdaq is looking ugly too.
Anyways, futures bot should become available before the weekend. It'd be great to swtich them on if we find a decent bottom of the market!
Comments
Oh - found it - linked in above. But had to go through safari not Patreon app. Is there other bots your sharing ?
How to get the bots and settings and triggers your talking about - like Dylan extreme
I think Trailing ON will be an issue here. In these exterme condition most exchanges will have API issuse resulting on problem with triggering the trailing correctly. I have just noticed that recently. Thanks for the update on Dilan
Thank you for this update! My Dilan Extreme has been on for a day so far but not done any trades, is this normal? My apologies in advance if I am being too impatient! Thank you.
Dilan EXTREME is something I had to improvise particularly for the conditions if the dump. It profits when the market is tanking heavy. Normal Dilan is to catch the usual ups and downs the we have normally. My normal dilan, just like most bots won't perform good during a big market correction. Ideally you would have had off all normal bots and only run dilan extreme and other extreme bearish bots like a martyn with big max deviation. Timing the moment the market will tank as heavy as today is pretty challenging.
One question. Is Dilan extreme meant to be run together with Dilan or it's a modification of Dilan? I'm asking cause I don't see Dilan extreme on the dashboard.
