Sideway Trades Within Inside Ranges

[allstarengin]

Hello guys,

I was wondering if it’s possible that we can determine a main sideway range with 2 exact price levels up and down and then divide that band range in to 3 ranges so that robot opens long positions whenever price goes up and hits the nearest inside range level above and stops out whenever it drops down to the nearest range level below. Likewise, robot opens short positions whenever price drops down and hits the nearest inside range level below and stops out whenever it goes up to the nearest range level above. Of course, there will be no trades outside that main sideway range. How can we make that?

Regards,

[l'andorrà]

You need very specific rules before trying that. Just the first 3 ones I'm thinking off:

1. Is that range fixed or dynamic?
2. Can candle wicks break through both ends or not?
3. Are you thinking of market executions or pending orders?

[allstarengin]

Actually, my question is can we make our own bot just like the Binance Grid trading Strategy or not... Since my account here is not older than 60 days here I'm not allowed to share the YouTube link directly but you can watch the video "What is Spot Grid Trading & How to Use It | #Binance Official Guide" of the "Binance Academy" Youtube channel.

[l'andorrà]

The short answer is yes, all bots can be done with fxDreema. The problem is the time and effort involved in doing it. It is a very complex structure that cannot be implements with a few blocks, if that is your question.

[allstarengin]

Thanks for your feedback I'm glad to know that it's possible to design it on fxdreema. But how? I've been trying to create that bot and especially using "drawline" object within blocks, however, I haven't been able to make it yet Could you please help me do this? I believe it's a strong solution regarding sideway trades... Otherwise, Binance wouldn't have been publish it. Moreover, Binance organized a contest with 2 million dolar prize. So, I would like to create that strategy for my own bot. What I'm trying to say is that it is exactly "not" a waste of time. So, could you help me design that method as a bot?