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Automated Trading Bot Inquiry: Continuation of Orders with RSI Near 72
The question is whether, if the price continues to increase and the RSI indicator remains just below 72, an automated trading bot will place another buy order. If the bot does not currently do this automatically, the user seeks guidance on how to configure it to continue opening new orders under these conditions.
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AI Analysis
The inquiry focuses on an automated trading system's behavior concerning market conditions, specifically price increases and RSI levels. The RSI (Relative Strength Index) is a momentum oscillator that...
AI Recommendation
Review the current setup of your trading bot and verify if it has parameters that allow for repeating order placements under continuous favorable conditions. If not, consider adding or modifying rules...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.