Simple steps:
- Open an account on OKX using the referral PARROT to get 20% fees discount
- Get an Observer trial
- Set your tradingview username and wait 30 mins. Also connect your Discord account to be able to access the premium channels
- Find the script on tradingview invite-only indicators section
- Read the Absolutno guide for 3commas
- Discuss on our Discord server with other users
Backtests
Liquidation calculator example
The placement of the orders relative to the entry in Absolutno is not fixed like with percentage-based DCA bots. This makes it slightly more difficult to do the liquidation estimates but not impossible.
In the survivor bot orders are spread 5% but they wait for TA to trigger so they can open 5% or more spread from each other, in some cases a lot more since they depend on QFL to trigger a signal. Because of this I go coin by coin, look at the backtests past trades looking for drawdown of each individual order. Not strategy PNL drawdown: individual order drawdown!
Then once I get an idea of where most SOs open, then I use the “worst case” scenario, the lower percentages in the liquidation calculator to calculate an estimate of how much collateral I will need to tolerate it.
How does TP scale % work?
As each lower order gets filled the TP scale changes the original TP%:
- if the TP scale is greater than 1 it will increase with each order filled
- if the TP scale is below 1 it will decrease with order filled
For example you can see below how a TP scale can reduce the TP % with each order filled:
You can make a copy of the above spreadsheet and try other values of TP scale or TP % to see how your TP will change. You cannot modify it until you first make a copy!
Why this matters? as you can see above 7 safety orders with a TP scale of 0.5 implies a TP level of 0.007%
This % is high likely to be subject to slippage.
