Bybit-Bot
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CryptoGnome
Liq bot request: auto-adjusting vwap based on # of buys per trade
Hello devs,
This is a feature request for the liq bot. Right now it makes buys with a fixed vwap. The problem with that is, after dozens or even hundreds of buys into a position, a new buy doesn't affect the entry price much anymore unless it is very far away from current price, resulting in unprofitable positions that need to be held over days before they may eventually be closed in profit. So this isn't just a matter of having to do less manual fiddling with the bots settings file, its also about generally having more profitable trades, especially on big pumps/dumps like they can occur frequently on BTC.
Example (using contract quantity of 5): Lets say the current trade position consists of 10 contracts. If the bot now makes another buy for 5 contracts, it will affect the entry price considerably. However, if the trade position was already at 500 contracts, buying another 5 contracts wouldn't make much of a difference, unless the buy-price was very far away, which can only be achieved with a high vwap setting. Right now the only way to do this is to manually increase it in the settings file and restart the bot every time. And then once the trade has been closed it needs to be reset (because a very high vwap under normal conditions results in hardly any trades).
Hence I'm requesting a feature to automatically increase the bot's vwap amount by a small % or fixed amount after every buy, or every x buys. That would make it more hands off, would help with getting better entry prices on larger moves and also help with avoiding hitting an SL/liq on larger moves.
(I understand this bot is free and its in beta, hence my suggestion. I like your bot as it is but I believe this would make it even better)
We have explored this strategy in the early months of development and it was not successful, the market is to unpredictable and this cause snowballing of positions rather quickly
I will open op the conversation here for any other comments and additional data before closing this, if anyone else wants to give an opinion please do.
please re-read my original post, i'm not requesting an increase of the market qty but rather an increase of the vwap over the time of a trade. the more buys the bot does, the higher the VWAP should become (not market qty).