This strategy is based on MACD, taking advantage of signals that indicate momemtum is likely changing.
A buy order is placed when the MACD line crosses up the signal line, a sell order is placed when the MACD line crosses down the signal line.
To refine this strategy, other indicators are available to be used as confirmation for both buying and selling. For example you could have Gunbot buy on a bullish signal and RSI is 30 or lower.
Warning: This strategy has no
GAINprotection. Be aware that this can lead to sell orders below your break-even point. Normal constraints like “buy once, sell once” don’t apply to this strategy: each time buying criteria occur, Gunbot will place a buy order as high as set in your balance settings.