Petro conservative DCA bot tweaks (Patreon)

I'm increasing the TP of the conservative DCA Petro bot from 2 to 7%. 

This article is NOT about the original Petro DCA bot (both can be found in the bot dashboard).

In the backtests it shows that it can close all deals in the last 2 months even with SUSHI, MATIC and THETA (the ones we had issues in the past two months).

This increases the risk significantly as 2 months of backtest is not a guarantee.

If you want to stay in the safer side you can keep it at TP 2% or even increase it just a bit if you are ok with the extra risk.

Let's now have a look at the difference between 2%, 7% and 10% with the bad behaved boy SUSHI in the past two months.

Petro Conservative DCA bot on SUSHI using TP 2%

At 2% TP the profits are pretty low on SUSHI but it has no issues with the huge dump of price we saw in March. No red bags.

Petro Conservative DCA bot on SUSHI using TP 7%

At 7% TP the same bot profits a much more decent 21.3% in two months without leaving any red bag deal. All deals still closing in the same day.

Petro Conservative DCA bot on SUSHI using TP 10%

Using a TP of 10% causes the bot to hold a red bag from 21st of March until today. 

Not great! 

TP of 7% makes SUSHI happy in the past two months. Although SUSHI has been a troublemaker we can use it in our advantage to learn a few lessons and make these adjustments while we still have access to the 5 min data and before TradingView expires the access to it. They only give you 40K candles which is around 2 months of 5 min timeframe data.

There are many tokens that can tolerate 10% and even higher TP levels but then you are on your own if the market turns against you. You can of course triple the profits like that as long as you consider yourself a master at adding funds and closing red bags and have enough free time to do that whenever it's required.