Optimizing profits

[vlosefparmovitch]

Hie guys,

Profits are always positive with octobot but it's about 0 and 1 usdt per day. To get more profits, two options according to me :

• growing nombre of orders significatively (~ 50-100 per day maybe) And/or
• up mount of each order (~ 10-20 Usdt maybe)

What do you think about that and how can we set octobot for that ?

Best regards

[vlosefparmovitch]

Hi guys,

Profits are always positive with octobot but it's about 0 and 1 usdt per day. To get more profits, two options according to me :

• growing nombre of orders significatively (~ 50-100 per day maybe) And/or
• up mount of each order (~ 10-20 Usdt maybe)

What do you think about that and how can we set octobot for that ?

Best regards

(Sorry for my poor french English ^^)

[Herklos]

Hie guys,

Profits are always positive with octobot but it's about 0 and 1 usdt per day. To get more profits, two options according to me :

• growing nombre of orders significatively (~ 50-100 per day maybe) And/or
• up mount of each order (~ 10-20 Usdt maybe)

What do you think about that and how can we set octobot for that ?

Best regards

Hello,

Thanks for your suggestion. You can customize your strategy and test it using backtesting to achieve this amount of orders. Here is a guide on how to do https://www.octobot.cloud/fr/guides/octobot-usage/backtesting.

[JOduMonT]

What's work well for me is to customize the exit strategy with 4 Take Profit at different level.

IE:

TP1 @ 0.9% for 20% TP2 @ 1.4% for 30% TP3 @ 1.9% for 30% TP4 @ 2.4% for 20%

Obviously these take profit vary based on the market.

[virtuacool]

O que funciona bem para mim é personalizar a estratégia de saída com 4 Take Profit em níveis diferentes.

IE:

TP1 @ 0,9% para 20% TP2 @ 1,4% para 30% TP3 @ 1,9% para 30% TP4 @ 2,4% para 20%

Obviamente, esses lucros variam de acordo com o mercado.

What strategy do you use and where do you set up multiple TPs?

I've looked and can't find it... 🤔

[JOduMonT]

My profile is GPT Trading; but I believe you can do that with any profile which use DailyTradingMode

so in specific_config of

1. I added a file: ./user/profiles/Trading/specific_config/MultiTakeProfitEvaluator.json with

{
    "take_profits": [
        {
            "take_profit_level": 0.6,
            "amount": 10
        },
        {
            "take_profit_level": 1.2,
            "amount": 20
        },
        {
            "take_profit_level": 1.8,
            "amount": 30
        },
        {
            "take_profit_level": 2.4,
            "amount": 20
        },
        {
            "take_profit_level": 3.2,
            "amount": 10
        },
        {
            "take_profit_level": 4.2,
            "amount": 5
        },
        {
            "take_profit_level": 8.4,
            "amount": 5
        }
    ],
    "stop_loss": 2,
    "use_trailing_stop": true,
    "trailing_stop_percentage": 0.4,
    "enable_position_increase": false
}

2. and in ./user/profiles/Trading/specific_config/DailyTradingMode.json I added MultiTakeProfitEvaluator

...
    "required_strategies_min_count": 1,
    "required_evaluators": [
        "MultiTakeProfitEvaluator"
    ],
...

From my understanding you can have multiple exit strategy

• required_strategies_min_count: is how many of them need to be meet to sell
• and you list your evaluators to exit in the required_evaluators array

[JOduMonT]

but @virtuacool my AI Trading Mentor suggested me today to:

• Use Built-in Target Profits
• Focus on Core Optimization: Instead of adding complexity, focus on optimizing your existing evaluators (RSI, MACD, SuperTrend) and monitoring the performance of your recent risk reduction changes.