Understanding Gunbot Order Types and Timeframes

In terms of Gunbot strategies, understanding different "order types" is crucial for effective trading. This article aims to explain these order types and show the significance of trading timeframes, setting a clear path for both novice and experienced traders.

Timeframes and Trading

The PERIOD setting in Gunbot defines the timeframe for each trading candlestick, which directly influences trading indicators like EMA, Bollinger Bands, etc. The table below shows the currently supported timeframes for each eschange.

Period	1m	3m	5m	15m	30m	60m	120m	180m	240m	360m	480m	720m	1440m	4320m	10080m	20160m	43200m	525600m
bingx
binance
gateio
coinex
bybit
mex_gunthy
binanceus
binanceFutures
dydx
dydx4
futures_gunthy
bitfinex
ftx
okex5
okgunbot
bitmex
bitmex_testnet
cex
gdax
coinbase
huobi
kraken
krakenFutures
kucoin
poloniex
cryptocom
mexc
bitget
other

Supported Trading Timeframes

Gunbot supports various timeframes, each represented as a value in minutes. These range from as short as 1 minute to as long as a year. Here’s a quick reference table:

Period	Value in Gunbot (in Minutes)
1min	1
3min	3
5min	5
15min	15
30min	30
1h	60
2h	120
3h	180
4h	240
6h	360
8h	480
12h	720
1D	1440
3D	4320
7D	10080
14D	20160
1M	43200

The Impact of Choosing the Right Period

The choice of PERIOD is more than a mere setting; it shapes how the market is analyzed and reacted to. Each candlestick in a chart represents a block of time and encompasses data like opening, closing, high, and low prices. Common choices are 5 minutes and 15 minutes, but each option has its nuances.

For instance, shorter candlesticks, like 1 or 5 minutes, offer a granular view of the market, allowing for a dynamic trading strategy that responds quickly to price changes. However, this can also increase the risk as it focuses on short-term market movements.

Conversely, longer candlesticks, such as 4 hours or 1 day, provide a broader view of the market, smoothing out short-term volatility but potentially delaying response to market changes.

In the image above, observe how different candlestick sizes impact the EMA (Exponential Moving Average) lines (green and red). Shorter periods show more fluctuation around the EMAs, indicating more frequent trading signals but with increased market noise. Longer periods smooth out these fluctuations, leading to fewer signals but potentially more significant trends.

In conclusion, understanding and choosing the right order types and timeframes in Gunbot can significantly enhance your trading strategy. It's a balance of precision, risk management, and personal trading style.

Exploring Different Order Types

Gunbot utilizes a variety of order types/triggers in it's strategies. Here's a brief overview of each:

• Strategy Buy: This is your standard buy or long order, marking the initiation of a trading position.
• Strategy Sell: Similarly, this represents a regular sell or short order, signaling the closure of a trading position.
• Stop Limit: A strategic order to limit losses, typically used to close a losing trade.
• Close: Exclusive to margin trading, this order type closes an existing margin position.
• DCA Buy: Stands for Dollar Cost Averaging Buy, a methodical approach to purchasing assets.
• RT Buy: Short for Reversal Trading Buy, this order type is used during a reversal trading strategy.
• RT Sell: A sell order within the Reversal Trading framework.
• RT Buyback: A unique order type in Reversal Trading, focusing on buyback strategies.

Understanding these order types is fundamental, as they are linked to the settings and strategies you'll employ in Gunbot.