thetradingparrot
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Closing Valora deals that are at USDT-profit
🕑 Added 2021-04-11 16:43:38 +0000 UTCValora bot has plenty of deals in red against BNB.
BNB has been running pretty hot.
But many of the tokens that are in red against BNB they are still in green against USDT.
I will start to "cancel" some of these deals. To explain how I will use the following example:
- HBAR/BNB pair has a deal that entered on 4/5/2021 1:35:22 PM
- volume is 260 HBAR
- This was bought with BNB but at that time HBAR was priced at 0.31928 USDT
- Now HBAR is priced at 0.35610 USDT
- Which means that I'm 11% in profit against USDT.
- I can use "Cancel" from the deal screen in 3Commas. When you cancel you remove all the pending orders from the exchange and keep the token.
- then head down to smart trade and select "Sell", pick USDT/HBAR from the top and sell it at market price using. (Using Buy/Sell, not smart sell)
You can repeat this with any token that is at profit against USDT. It's a bit time consuming but worth if you want to use those funds sooner, as you have technically made profit still, so why not!
Alternative plan
You can decide to keep these Valora bot deals open, given that you are still at USDT-profit. You can then wait for BNB to take a break. At some point it should. This could help closing some deals but is not clear when. The pro here is that it will close back to BNB which is now at a very high price so potentially more rewarding that the alternative to sell to USDT.
Your choice!
Switching Valora back on?
Not so fast. If we see BNB correcting big we can, but BNB is still making new ATHs which makes it not ideal yet.
Comments
Thank you TTP, great value!
Great info! In theory, just in theory the next measured move for BNB and also a massive psychological round number is 500$. There should be a lot of TP there and could possibly retrace a bit like. I have personally turned it off few days ago, but I am in the same position with some big red bags. i will check what BNB will do when hitting 500 then probably consider your solution as well!
Thank you very much for this method of closing those red deals!
