Smart Hedge [Beginner]

Smart Hedge [Beginner] is a trading robot designed for beginner traders. It uses a combined grid and hedging strategy to automatically open and close positions in the cryptocurrency market. The robot allows flexible control of risk, trading volume, and strategy based on market conditions and the trader's preferences.

Main Parameters 

isTradeAllowed

• Description: Decides if trading is allowed. If set to false, the robot will not make any trades, even if other conditions are met.
• Default Value: false

coins

• Description: A list of cryptocurrencies that the robot will trade. It is written as a string with the names of the coins separated by commas.
• Default Value: 'BCH,XRP,EOS,TRX,XLM,XMR,DASH,ZEC,XTZ,ATOM,ONT,IOTA,BAT,VET,NEO,QTUM,IOST,THETA,ALGO,ZIL'

aggressionLevel

• Description: Defines how aggressive the strategy is. This setting controls how often the robot trades and the level of risk. Options include: 'Very Conservative', 'Conservative', 'Balanced', 'Aggressive', and 'Very Aggressive'.
• Default Value: 'Balanced'
• Impact:
• Risk and Trade Frequency: A higher aggression level increases the number of trades and risk but can also lead to higher potential profits. Lower aggression levels decrease risk and reduce the number of trades.
• Relation to workingBalance: When choosing a more aggressive level, it is recommended to use a smaller part of the workingBalance for each trade to avoid too much risk.

workingBalance

• Description: The total amount of money in USD that the robot will use for trading.
• Default Value: 500
• Impact:
• Trade Size: This parameter sets the maximum amount the robot can use for trades. A higher balance allows for more trades or larger trade sizes but also increases overall risk.
• Relation to aggressionLevel: A higher aggression level requires careful management of the workingBalance, as aggressive strategies can quickly use up a large part of the capital, increasing the risk of loss.

symbols

• Description: A list of trading pairs used for testing the strategy.
• Default Value: 'BCH/USDT, BTC/USDT, ADA/USDT, ETH/USDT, XRP/USDT, TRX/USDT, SOL/USDT, LTC/USDT, BNB/USDT, DOGE/USDT'
• Impact:
• Testing: Used for simulating the strategy on historical data. Choosing the right pairs helps to optimize the bot's performance for real trading.

Smart Hedge [Beginner] is a trading bot made for easy and simple strategy control. Flexible settings like aggressionLevel, coins, and workingBalance allow traders to adapt the bot to their needs and market conditions, helping to maximize profit and minimize risks.

For instructions and detailed information, check out my section on the JT-Lab forum: Guide to Algorithmic Trading and Bots from a Crypto Insider