Previous 24 hours has seen me wicked out of XTZXBT and XMRXBT pairs from really good long positions. Former at a 10% profit in at 2x leverage, and the latter at 3% profit in. 12 hours with 2x leverage. So, my system has switched short in these positions now. However,experience 1/

experience tells me that such wicks at @krakenfx usually happen before a trend is beginning - can be either way (uptrend or downtrend) -, so for the impatient people, hold on and don't leave your positions now. Trend move is imminent within a week on ALTBTC pairs. For me, 2/

I eat, breathe, and sleep my system. So, as tempted as I am to go with my experience, I will stick with my system and take these 15% losses in opportunity cost. However, such experiences also, make me wonder the utility of trading bots because it becomes more evident with 3/

every passing day trading with bots, that exchanges are probably - because I cannot be 100% sure without looking at the source of the orders -, (1) counter trading the bots and wiping them out when liquidity from order book begins to dry, or (2) whales have more sophisticated 4/

bots to create these wicks. So, what should/can I do, build another module in my bot to remove stop-loss - I know its highly risky - when the order books become thin. Downside - if March 12, 2020 happens again, I lose multiple R, Upside,I don't lose 15-20% in opportunity setup 5/

I will focus on the upside, because I do not trade low market cap coins against BTC, and hence, if my coin is going to Zero, pretty confident, I shall be able to buy BTC at a much discounted rate. 6/ End of thread

Developing the ordeerbook module will take me time of 2 weeks