Fibo bot

Watch video "How to configure a Fibo Bot".

Start of the bot 

1. Open the "Create bot" menu on the toolbar of the chart.

2. Click the "Fibo" tab.

3. A fibo grid shows up linked to the candlesticks visible on the chart (see the image below). Then adjust it on the chart.

 In this image:

 1 - max price of the visible candlesticks.

 0 - min price of the visible candlesticks.

 t1 - current time.

 t0 - min price time (0). 

 1. Create a "Fibo grid" on the chart by the "Fib retracement" tool.

 2. Open the bot creation window via a toolbar.

 3. Enter the volume in numbers or percentage 25%;50%;75%;100%.

 4. Click ''Create''.

The bot places three buy orders at the levels of 0.5, 0.382, and 0.236. When executing the "highest" buy order, the bot places a sell order at the 0.618 level. After the sell order execution, the bot stops.

1. When the price touches the 0.5 level, the bot buys and automatically places a sale order at the 0.618 level.

2. If the bot buys at the levels of 0.5 and 0.382, then it rearranges the sell order (at the 0.618 level) and places a new sell order at the 0.5 level (i.e. one purchase is breakeven, the second with a profit).

3. If the bot executes all three orders, the bot automatically places all purchased values at the level of 0.382.

4. One of the options is to raise buy/sell orders to a higher level by selecting the "0.618" checkbox for work from the 0.618 level. The user can automatically place the highest sell order in the middle of the channel (0.786-0.618) by switching the toggle "0.786/0.702" to the "0.702" position. The positions of these toggles and checkboxes, as well as the values in the "buy/sell deviation" and "% of the start trigger" boxes are saved for the next start.

5. When the user (with the help of ''Aftershock'' strategy) takes profit from one of the set levels, the bot stops and removes all buy orders at the lower levels.

6. When the user increases the value of ''1'' and a "Sticky fibo" checkbox is active, not only the buy orders on the fibo grid, but also the start and stop triggers are updated. 

Visually, when changing a high, the active bot updates the initial configuration of the bot. In standby mode, the configurations stay unchanged. And only when the bot is active again, the grid is updated.

7. Pay attention that the value of the 0.5 level for buying should be more of min value for the order set by the exchange. The user also can change the ratio of the levels but in total, they must be 100% of the allocated volume to the bot.

Types of orders:

• Limit
• Grid
• Iceberg
• Market (for stop loss and stop loss+)

These types of orders are placed at a definite price level, divided into several equal parts (small orders) so that the real buy/sale amount is not reflected in the order book. When setting up this type of order, the user must define the number of parts (of small orders):

1. In grid order, the parts are placed at once.

2. In iceberg order, the parts are placed in series. When the exchange executes the first of these small orders (the tip of the iceberg), the next one is automatically placed. So the entire order is executed by small parts in series - the next part is placed as the previous one is executed.

In a grid order, the user must enter the deviation from the price level. The deviation can be marked with "+", "-" (click the symbols) or both ways at the same time "+ -". It can be set both as a percentage ''%'' and an absolute value ''USDT'' (the selection is made by a toggle to the right of the box). 

In an iceberg order, the user can optionally set the offset from the price level. The setting is similar to the grid order but without selecting the symbols. When executing such buy orders with defined deviation or offset, sell and stop loss orders placing is based on the average price of the actual purchase. 

 The main price level is "100", the deviation is "+ - ","1".

 The bot places parts on: 100, 101, 99, 102, 98 etc.

 The main price level is "100", the offset is "1".

 The bot places parts on: 100, 101, 102, 103 etc. Without the offset, places all parts on 100.

 The active bot can:

 1. Add extra stop loss without restarting the bot. 

 To do so: 

1. Go to the "Stop Loss+" tab in the bot setting menu.
2. Click ''Add stop loss''.
3. Use the tool to set a stop trigger level (horizontal or dynamic line) on the chart.
4. Click the "checkmark" in the toolbar of this tool .
5. When the price touches this extra stop loss line, the bot cancels all orders and sales all position (market sale).
6. The bot stops after activating and executing the stop loss.