safety net trading bot? switch to stablecoin when price is reached

Ursprünglich erschienen auf: https://www.reddit.com/r/CryptoCurrency/comments/es6205/safety_net_trading_bot_switch_to_stablecoin_when/

does this already exist or should I look into it? Simple script which acts as a trading bot for better hodling without losing when market crashes.

functions:

– put funds on exchange and get trading api keys

– set entryprice = price of your crypto/unit

– switch to stablecoin when marketprice < entryprice is reached

– if marketprice > entryprice switch to desired crypto

The only weakness is the exchange holding your coins but can be mimized when using a DEX + maybe the fees .

submitted by /u/coinminingrig
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