RedFlag

A simple strategy that buys a sharp drop. Works only long.

The bot watches the current candle. If the candle is red and the price has dropped by the set % from the previous candle's price (open, high, low or close, your choice), the bot buys with a market order right away, without waiting for the candle to close. If the drop continues, it averages in.

Order type used: Market (entry) and Limit (take-profit).

⚠️ In a prolonged decline without a bounce, averaging in increases the loss. Limit the number of entries.

Parameters

drop_percent - how many % the price must drop to enter (default 10%)
from - which price of the previous candle to measure the drop from: open, high, low, close
count - maximum number of entries, including the first
timer - minimum pause between entries in minutes. 0 - no pause
each_tp - each entry gets its own limit take-profit at take_profit_long % from that entry's price. Without this option there is one take-profit for the whole position

Backtest the strategy on historical data in the tester and run it in hamster-bot.