If you're looking to enhance your trading experience, the BITEX.ONE MarketMaker is a game-changer tailored for the MetaTrader 5 platform. This innovative trading robot operates exclusively on the BITEX.ONE cryptocurrency exchange and is designed to execute a predetermined number of buy and sell orders based on market depth pricing or a fair contract price derived from other exchanges.
Fig.1. Example setup: max_pos=100, shift=0.001, level_count=3
The key to profitability lies in capitalizing on the discrepancies in real contract prices and the rebates provided by the exchange for liquidity through limit orders. One standout feature of this robot is its robust asynchronous transaction model, which allows for seamless order execution.
Key Inputs Explained:
- magic_number - This is the robot's unique identifier. If you’re running multiple robots, make sure to increment this by 100 for each new bot. For instance, if the first has magic_number = 100, the next should be 200, 300, and so forth.
- price_type - Defines the pricing reference for your orders. Options include 1 for market depth price, 2 for marking contract price, and 3 for contract index price.
- max_pos - This indicates the maximum number of contracts in each EA request.
- shift - This represents the distance of the first order from the marking price (highlighted in purple). It's measured in fractions of the absolute price. For example, with a shift of 0.001 and a marking price of 6600, the nearest buy and sell orders will be positioned 6.6 points above and below the marking price (see Fig. 1).
- level_count - This denotes the number of quote levels, with each subsequent order being adjusted by the 'shift' value relative to the last.
Fig. 2. Example of executed trades
Fig. 3. Equity from the strategy tester for BTCUSD with real ticks, showing 79 ms of delays and profit in BTC
Fig. 4. Strategy tester statistics for BTCUSD, analyzing real ticks with 79 ms of delays and profit in BTC
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