Bot start filters are a set of conditions and indicators that help determine the best time to start the trading bot. These filters allow the bot to start trading at the most advantageous time, based on the chosen trading algorithm and your preferences.
List of available trading indicators and conditions that can be used in filters:
The RSI Indicator - reflects the trend's strength and its values vary from 0 to 100. If the value is above 70, it means that the market is overbought, whereas values below 30 mean that the market is oversold. To start, you can set the following periods of the RSI indicator inside the filter: 1 minute, 5 minutes, 15 minutes, 1 hour, 2 hours, 1 day.
The RSI indicator's additional settings include the number of evaluated periods (14 periods by default), but you can adjust the sensitivity of the RSI indicator, by specifying the number of evaluated periods (ref. Additional Settings). The bigger the number of evaluated periods, the more sensitive the readings displayed by the RSI indicator will be.
The CCI Indicator (Commodity Channel Index) is an oscillating market indicator that, by analogy with the RSI Indicator, helps to determine if an asset is overbought or oversold. The values may vary from -300 to 300. If the value is above 100, it means that the market is overbought, whereas values less than -100 mean that the market is oversold. To start, you can set the following periods of the CCI indicator inside the filter: 1 minute, 5 minutes, 15 minutes, 1 hour, 2 hours, 1 day.
The CCI indicator's additional settings include the number of evaluated periods (20 periods by default), but you can adjust the sensitivity of the CCI indicator, by specifying the number of evaluated periods (ref. Additional Settings). The smaller the number of evaluated periods, the more sensitive the readings displayed by the CCI indicator will be.
The MACD indicator is a trend oscillator that is used to identify pivot points and trend changes.
MACD works on the basis of three bands, with lengths of 12, 26, 9. Exponential moving averages of length 12 and 26 create the MACD line. A strip of length 9 creates a Signal line.
If the MACD line crosses the zero level from the bottom up, this is a signal for long trading, if from top to bottom, this is a signal for short trading.
If the MACD line crosses the Signal line from the bottom up - this is a signal for long trading, if from top to bottom - this is a signal for short trading.
The MACD LONG strategy will work if the MACD is <0 and the MACD line crosses the Signal line from the bottom up.
The MACD SHORT strategy will work if the MACD is >0 and the MACD line crosses the Signal line from top to bottom.
Stochastic indicator is an oscillator that is used to determine pivot points and change the trend.
Stochastic works on the basis of two bands: fast %K and slow %D.
We use the settings of the Stochastic indicator (14 3 3).
The indicator values range from 0 to 100.
Stochastic indicator values < 20 are the oversold zone. Exiting the oversold zone is a buy signal.
Stochastic indicator values > 80 are the overbought zone. Exiting the overbought zone is a sell signal.
Stochastic LONG1 The strategy will work if the %K line crosses the %D line from bottom to top.
Stochastic SHORT1 The strategy will work if the %K line crosses the %D line from top to bottom.
Stochastic LONG2 The strategy will work if the %K and %D lines cross the X value from the bottom up. X default 20, optional setting, you can set your own value.
Stochastic SHORT2 The strategy will work if the %K and %D lines cross the X value from top to bottom. X default 80, optional setting, you can set your own value.
Stochastic LONG3 The strategy will work if the %K line crosses the %D line from the bottom up and both lines are below X. X default 20, optional setting, you can set your own value.
Stochastic SHORT3 The strategy will work if the %K line crosses the %D line from top to bottom and both lines are above X. X default 80, optional setting, you can set your own value.
The Bollinger Bands Indicator. It is a technical analysis tool defined by a set of two lines that limit price dynamics from above and below, respectively. These are a kind of support and resistance lines, which are located at levels far from the price most of the time.
The closer the prices move to the upper line, the more overbought the market is, and the closer the prices move to the lower band, the more oversold the market is. you can set the following periods of BB indicator: 1 min, 5 min, 15 min, 1 hour, 2 hours, 1 day.
Additional settings of the BB indicator include the number of periods to be evaluated (20 periods by default), but you can adjust the sensitivity of the BB indicator, by specifying the number of periods to be evaluated (ref. Additional Settings). The smaller the number of evaluated periods, the more sensitive the readings displayed by the BB indicator will be.
The RB Indicator of the number of price fluctuations reflects the number of multidirectional price fluctuations over the last 1, 3, 6, 24 hours in intervals of 1 minute. This indicator is essentially an indicator of the volatility of a trading pair. The bot will startup only if the required amount of fluctuations in the price of the trading couples has occurred in the specified period. By default, the fluctuation is taken into account if the price has changed in different directions by 0.5%. You can customize this value by setting it in the filter field (Parameter field)
The RB Indicator of trade volume reflects the trading volume of the last 24 hours. The bot will start operating only if the required trading volume has been reached in the last 24 hours. You can set the trading volume both in the first coin of the trading pair (Base asset) and in the second coin of the trading pair (Quote asset).
The RB Indicator of price change reflects the price variation in percentage for the past 1, 3, 6, 24 hours. The bot will be started only when there is a necessary price change percentage within the specified period of time.
Trading pair of the filter to start - sets the trading pair on which the filter will work. By default, the filter works on the current trading pair of the bot, but you can set a different trading pair if you want the bot to be tied to the trading performance of another pair. For example, using this option, you can combine in the bot filters the trading performance of the bot's current trading pair with the trading performance of another trading pair.
We strongly recommend using entry indicators from RevenueBot for a successful entry at the right moment. Additionally, we have prepared ready-made filter templates for various types of trading for new users.
