Strategy Description

Coins List

The script continuously monitors all ByBit coins in the USDT Perputual section.

User has an ability to exclude unnecessary coins from the list.

Signal

In settings user specifies a price change in percents and a time period for which the prices should be compared.

For example, 120 minutes, 10% (the percentage can also be negative).

The bot constantly compares a value of the current price with its value 2 hours ago.

If the price has increased by more than 10% during past 2 hours, the script transmits a signal and executes an order according to the parameters set in the order settings below automatically or upon user's manual confirmation.

Order

User chooses order type Market or Limit

If it’s market, the order will be placed with a current price, when signal was received

If it’s limit, user can indicate a difference between signal price and trigger price.

User indicates Qty, TP, SL

Trade

User can set a condition to move SL during trade

User sets P&L trigger value when SL has to be changed

User sets to what value of P&L the SL should be moved to.

User can set a trailing stop, setting P&L trigger value and retracement value

Backtest

User can set his balance and a period of time to backtest settings above

In results he will be able to see balance change and P&Ls for each day of indicated period.

Interface

System is a webapp based on a linux server

Interface framework has to be scaleable, meaning it should be possible to add new menu sections in future

Framework has to be adaptive for mobile and desktop.

Control panel

User needs to enter his username and password to login.

When logging in a control panel becomes available for user.

Menu has following sections:

- Dashboard. Displays general statistics (we don’t do it at this stage. I may ask for it later)

- Accounts. Adding and managing exchange accounts via API

- Bots. Section that allows you to add subsections with bots with different strategies (we do only one at this stage)

- - Pump detector. A bot that executes the strategy described above.

- Settings. Access and security settings like changing password.

A mockup is available at

https://miro.com/app/board/uXjVNgA0Dhs=/?share_link_id=234820245835