Trading by support and resistance levels

Trading by levels in the futures and spot grid-bot "Hurricane" is implemented using the "Auto detect price levels" setting. This setting allows you to place buy orders from a futures or spot long bot only at the bottom of the montly/weekly/3-day/daily/hourly/15-minute price range, and sell orders from the futures short bot only at the top of these ranges.

Example: You want the bot to send opening buy orders only at the minimum coin price per day (which is safe enough, although trades will be rare). To do this, you just need to set the slider "Degree (day)" in "Auto detect price range" to the maximum (95%). In this case, it makes sense to use a large first order.

Example 2: The maximum price per day for a coin is $505, the minimum is $465. You are ready to place long opening orders no higher than the middle of the range between the maximum and minimum prices for the day, that is, at the moment, no higher than $485. In this case, you need to set the slider "Degree (day)" to "Auto detect price range" by 50%. If the middle of the range changes, then the orders will be rearranged.

Example 3: You are shorting BTC, but you want new open orders to be sent only near 24-hour btc highs. In this case, you just need to set the slider "Degree (day)" to "Auto detect price range" next to the maximum (95%). In this case, short positions will be added only next to the maximum btc price per day.

Automatic scalping within the hourly range:

"Hurricane" can also trade levels within an hourly range, automatically placing orders at the bottom of the hourly range for long or at the top of the hourly range for short. To do this, the slider "Degree (hour)" must be moved to the maximum (to the right). If you are ready to open long trades not higher than the middle of the hourly range, then the degree per hour slider should be set to 50%. All degree settings are taken into account (the farthest price value from the current price is taken into account), so if you do not want the entry price to be limited to the daily/weekly range, but only to the hourly range, then the “Degree (hour)” slider must be moved all the way to the right, and the rest of the "Degree" sliders should not be turned on, or should be moved to the left. In this case, it is recommended to reduce the first order to reduce risks.

By the way: in addition to placing opening orders by levels, "Hurricane" can place stop-losses by levels (behind extremes for a certain period). If you limit the entry price, then it is necessary to enable the “do not limit when the position is more than” function in the amount of 30% to 70% of the size of the first order (If you do not enable this function, then in the case of a long trade at a level worse than the average entry price and subsequent completely closing the position, the margin balance may decrease compared to the initial margin balance). In order for the bot not to place opening orders next to daily highs (long) or lows (short) if there is a position greater than the specified limit, which greatly worsens the average entry price, it is recommended to enable the option "Do not place opening orders near daily highs / lows." In this option, you can set the degree: the more to the right of the slider, the farther the opening orders will be placed from the daily highs (long) or lows (short). The task of the user is to find the optimal settings in accordance with his love of risk. To reduce risks, of course, you need to place opening orders as far as possible from daily highs (when long), but this will significantly reduce the number of trades.