MadHatter Bot
Custom day trading strategy
MadHatter Bot evolved from a manual trading style designed to take advantage of acting early on signals rather than waiting for the confirmation. This allows the MadHatter bot to enter and exit scalping trades quickly and effectively. This capability, alongside its ability to exit a losing trade quickly, will enable this bot to accumulate gains over time in any market condition.
The Bollinger Bands, MACD & RSI used by the MadHatter Bot are customized. They dont respond the same way as normal once. Use the full screen page to understand the mechanics.
Guided Tour
About
MadHatter uses a simple trading strategy that makes use of the Bollinger Bands, MACD and RSI Indicators. These indicators are modified and extended. All indicators need to agree in order to execute a trade. The indicators work on a 5-minute interval.
Supported licence & Trade types
Parameters
Name
Create a unique name for your bot.
Account
Select the account on which the bot should run.
Market
Select which market this bot should run on.
Leverage
Specify the leverage for the bot.
Coin Position
Select the coin where the funds are located at this moment.
Funds Position
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
Trade Amount Type
HTS supports 3 types of trade amount options.
The static option uses a fixed amount where the sell amount is adjusted for fees.
All-in uses 99% of the available coins.
With maximum amount the bot will use what’s available in the wallet with a maximum of X coins.
Trade Amount
How much the bot has to trade with.
Actual Trade Amount
The current trade amount after corrections.
Template
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
Fee percentage of the bot. Only used in backtests and for bots running on simulated accounts.
MadHatter Mode
Interval
Select the interval on which the indicator should be calculated.Indicator
Signal Consensus
Signal from the majority of the indicators will be used instead of requiring all to agree.
Include Current Candle
Include the current incomplete candle as last tick. This might result in order being executed without it even visible on the chart afterwards.
Safety Setting
Min. price change to buy
Minimum price change required before buy orders are executed
Min. price change to sell
Minimum price change required before sell orders are executed
Stop Loss (%)
The maximum percentage that the price is allowed to drop before the bot executes a sell order to prevent more losses.
Bollinger Bands Setting
Length
The base number of ticks used for calculation
Dev. Up
Standard deviation above the middle band.
Dev. Down
Standard deviation below the middle band.
MA Type
Moving Average type.
Deviation
Number of ticks the signal is delayed.
Require FCC
Fill on candle close
Reset Middle
Reset signals when crossing middle band.
Allow Mid Sells
Allows sell signals to execute at the middle band AFTER crossing the lower band.
RSI Setting
Length
Base number of ticks used for calculation.
Buy
Buy in point. Buy at this point and lower
Sell
Selling point. Sell at this point and higher.
MACD
MACD Fast
Base number of ticks used for calculation.
MACD Slow
Base number of ticks used for calculation.
MACD Signal
Base number of ticks used for calculation.
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