Trend Lines Bot
Execute trades based on TA!
Trend Lines Bot takes advantage of a skill that every trader has, drawing trendlines. By ignoring the complexities of indicators, safeties and insurances the Trend Line Bot allow day and swing traders to setup a bot that acts on trend lines drawn on a chart. The Trend Lines Bot is available with all licenses.
The Trend Lines Bot works with sets of lines. A set contains 2 drawable lines and an optional stop-loss. Only one buy line and one sell line can be drawn on the chart per set. A bot can have an unlimited amount of sets. The bot will monitor the price, and on every update look for a set of lines to activate. A set will be active 1) when the current time is between the left and right timestamp of the set. 2) the current price is between the lines. After the set is activated, and the price drops below the buy lines, the bot will create a buy (if the current position is sold). Conversely, the bot will create a sell order if the price breaks the sell line. On both actions, the set will deactivate until the price is back in range.
Create a unique name for your bot.
Select the account on which the bot should run.
Select which market this bot should run on.
Specify the leverage for the bot.
Select the coin where the funds are located at this moment.
Select the current funds position. No Position is when you do not have any Long or Short Positions. Should be used as the start of any trade bot unless you manually opened a position
HTS supports 3 types of trade amount options.
- 1.The static option uses a fixed amount where the sell amount is adjusted for fees.
- 2.All-in uses 99% of the available coins.
- 3.With maximum amount the bot will use what’s available in the wallet with a maximum of X coins.
How much the bot has to trade with.
The current trade amount after corrections.
Type of orders you want this bot to place. Standard limit and market orders are available as well native exchange and custom templates defined in the Order Template Builder.
Fee percentage of the bot. Only used in backtests and for bots running on simulated accounts.
Sometimes the price will just briefly break a trend line and the placed order will not be filled. With Chase Order enabled the bot will try to place the order again, a number of times, at the current price.
The number of times the bot will try to place the order after it is canceled by the template.
To start creating trend lines, we need to switch to the full screen view. Clicking on the channel icon will open the Trend Lines Set Manager. The button Add Set will add a new set to the bot
A warning sign is shown when a set is invalid. For a set to be invalid, one of the following things is possible.
- The set can be missing a buy or sell line.
- The buy line can be drawn above the sell line.
- The lines cross.
The draw button will prepare the chart for drawing the buy and sell lines. After the lines are drawn, the chart will switch back to crosshairs. Note that the lines can still be moved.
This will remove the line from the set.
An easy feature to switch the buy and sell lines when mistakenly drawn reversed.
When enabled, this feature will show a yellow square around the set. This also represents the time frame the set is active.
The Stop-Loss will be placed a predetermine percentage away from the buy line. It will show as a purple line on the chart. When breached the bot will create a sell order with the Stop-Loss Template