Switching Liquidity Mining Pools – Premium Strategy

Sometimes you end up in the situation where you want to switch your bot coin pair in the middle of runtime.

It’s quite possible that if your bot has recently closed a Buy order, you are now holding the underlying base asset.

Now you could go to your supported crypto exchange an manually Sell your coin pair to the underlying quote asset for the rewards pools here: https://miner.hummingbot.io/markets

Or you could sign into your bot using the In/Out Bots strategy to do this seamlessly as well, in addition to switching your bot to your new rewards coin pool.

Now that you have your new quote asset coin, lets move on to configuring the new Liquidity Mining Strategy coin pair.

# 1.) Import LM Strategy here:

# Your strategy will appear in dropdown after entering the command below followed by hitting the space bar.

# Use arrow keys to select and then hit enter, it may be titled: (lm-VITE-USDT, lm.yml)

import

# 2.) Configure the following parameters to your specific strategy by using the “config” command:

# To see a list of all current configurations type “config” and hit enter:

# Your bid and ask spread need to be less than the minimum spread for your selected coin

# Your order levels should be 20 if running one bot less than 20 if spit between other bots.

config

config bid_pread

config ask_spread

config order_level_spread .01

config order_levels 20

# 3.) Config your risk tolerance

Normally you want to set this parameter .3%-.5% below what you set as your bid/ask spread configuration.

For example if your bid/ask spread are set to 1% then a safe minimum_spread could be set too .7%-.5%

config minimium_spread .5

Now that the strategy is set, you can run it with the start command:

start

Check your miner dashboard in 30 minutes to see results, or order tracking page to see if your bot is configured correctly.

https://miner.hummingbot.io/dashboard

Let me know if you have troubles or questions.

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