/biz/ - Business & Finance

I need some help with the strategy. My baseline is one from previous threads on this subject:

Input a coin, it reads the difference between the top bid and ask, then puts in an order for 10% of the difference. So lets say the ask is 0.00200 and the bid is 0.00150 it would put an order to buy at 0.00165 and sell at 0.00180

I have some questions to refine the program.

Example:
Given: We have an order to buy at 0.00165
When market goes up at 30%
What should the bot do?
- Should the bot wait ?
- cancel the order?
- Should the bot fight to buy? (increase order price)
Given: We have order for sell at 0.00180
When market goes down
What should the bot do?
- Should the bot wait ?
- cancel the order?
- Should the bot fight to sell? (reduce orde price then It profitable)
- bot should use stop -loss (if market with big deep)

If any anon helps me sort this out I wil top or give the bot code.