Smart Hedge [General]

Smart Hedge [General] is a trading robot designed for general use, combining grid trading and hedging strategies. This bot automatically opens and closes positions in the cryptocurrency market, allowing flexible control of risk, trade size, and behavior in different market conditions. With adjustable settings, traders can adapt the strategy to their risk tolerance and market outlook.

Main Parameters

isTradeAllowed

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

coins

• Description: A list of cryptocurrencies the bot 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: Determines how aggressive the strategy is. This setting controls how often trades are made 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 trading frequency and risk, but can also lead to higher potential profits. Less aggressive levels lower 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 bot will use for trading.
• Default Value: 500
• Impact:
• Trade Size: This parameter sets the maximum amount the bot can use for trades. A larger 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 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 optimize the bot for real trading.

Smart Hedge [General] is a versatile trading bot that allows traders to manage their strategy based on market conditions and personal preferences. Properly setting key parameters like aggressionLevel, coins, and workingBalance helps to optimize the strategy for maximum profit and minimum risk.

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