Deactivation safety
When using several Flash Crash Bots, it becomes hard to keep track of the idle ones. The price can trend away from your determined order range and not make any orders for days. The Bot Deactivation feature allows you to set a predetermined value on where the bot will cancel all its outstanding orders and deactivate itself. This will clean up the open order list and free up the allocated assets.
Aside from being idle due to the price trends, there is also a risk of missing an opportunity in a significant up or downtrend. This feature also allows you to move in or out of the market, entirely with a market order. Open orders will be canceled, all the allocated assets will be bought or sold, and the bot will be deactivated.
Trigger Level The trigger level specifies the price where deactivation will occur.
Example:
Bot with 10 buy orders and a total of 1 BTC.
Base price of $14.000
Highest buy order $13.900
Lowest buy order $13.000
Trigger Level 10%
Scenario one - A significant uptrend starts
The bot only has buy orders left. At this point, the trigger level is at $15.400. When the market rises higher than $15,400, all the outstanding orders will be canceled. When all orders are confirmed to be canceled, the bot will place a market buy order of 1 BTC (if this option is enabled), then deactivates itself.
Scenario two - A significant downtrend starts
The bot only has sell orders left. At this point, the base price is $13,000 and trigger price $11.700. When the market drops below the $11,700, all the outstanding orders will be canceled. When all orders are confirmed to be canceled, the bot will place a market sell order of 1 BTC (if this option is enabled), then deactivates itself.
The percentage the price can move away from the first order before the bot cancels the orders and deactivates itself.
This will trigger the bot to buy or sell all the assets in order to profit from the trend.
