Proper stop losses coming soon

[Darksta123]

1. Trailing Stop Loss: I would like to add a trailing stop loss to an existing 'long' advice/status. So the long advice has been given already and on a specific condition I would like to add a trailing stop loss to that.

Woa this is the first time I heard this request, unfortunately this is not supported yet but I will put it on my list. Right now you can only specify a trailingStop when you trigger a LONG position.

2. Trailing Stop Buy?

The current Gekko model completely assumes that your base position is the "currency" (in USD/BTC this is USD, in BTC/ETH this is BTC). And Gekko strategies are in a neutral position after each "short" trigger (naming here is bad, Gekko can't actually short - this just means sell back "asset" into "currency"). This means that a trailing stop is a way to manage risk: you can set it up as a way to prevent the "asset" from crashing.

As for "not missing the boat" when the asset quickly goes up in price: can't you monitor the price yourself (in your strategy) and trigger a long signal when this happens? If this happens more quickly than your strategy is configured for (if you want to buy when the price goes up in 5 minutes, but you set the candle size to 60 minutes), why not adjust your strategy so it works on 5 minute intervals?

Thanks a lot askmike for your answer!

Regarding 1.: It would be great if one could control the triggers for already given advice, I agree. Do you see currently (with 0.6.8) any way for me to tap into that and manipulate for example the percentage of an existing trailing stop loss (maybe even by extending the current Gekko behavior)? Lets say, I initiate always the trailing stop loss for every long advice, so the trigger exists, however start with a large percentage and gradually want to decrease it?

2. Thank you for your explanations. Yes it would be possible for me to use a shorter interval and monitor the price. As I understood the trailing stop loss is using the live price and not the candle updates to trigger the stop. I was aiming for something similar to buy that uses the live price, so is even fast than the candle updates and automatically triggers when the price moves up a specific percentage/value.  

Cheers,
Darksta