Ping Pong Bot: Automated Range Trading

Profit per cycle equals the range width minus fees. A $48k-$52k range (8.3% move) generates 8.3% profit per complete cycle minus ~0.5% in fees = ~7.8% profit. If the bot completes 3 cycles per month, that's roughly 23.4% monthly return (compounded if reinvesting).

Actual results depend on range width, cycle frequency, and how often price fully traverses the range. Tighter ranges offer more frequent cycles but smaller profits per cycle. Wider ranges provide larger profits but may take longer to complete. Most successful ping pong traders target 5-15% monthly returns.

If price breaks above resistance after you buy, unrealized profits increase—but the ping pong strategy is invalidated since the range no longer exists. If price breaks below support, you face losses. This is why stop losses below support are essential to limit downside from breakdowns.

Configure the bot to pause after breakouts. Monitor for range re-establishment at new levels before resuming. Some traders use wider stop losses to withstand temporary breakouts (fakeouts) that quickly return to the range. Others prefer tight stops to minimize losses from genuine breakouts.

Look for horizontal support and resistance that price has tested multiple times without breaking. The more touches, the stronger and more reliable the range. Ranges lasting weeks or months with consistent bounces are ideal. Volume should be steady, not increasing (which suggests breakout potential).

Use longer timeframes (4H, daily) to identify major ranges, then trade them on shorter timeframes for precision. Fibonacci levels, round numbers, and previous swing highs/lows often form strong range boundaries. Technical patterns like rectangles, consolidations after trends, and symmetrical ranges work best.

Yes, run multiple ping pong bots on different assets or timeframes simultaneously. Diversifying across multiple ranges reduces reliance on any single range holding. If Bitcoin ranges between $48k-$52k while Ethereum ranges between $2,800-$3,200, both bots can operate independently.

You can also stack ranges within a single asset—trade a larger multi-week range on daily charts while simultaneously trading smaller intraday ranges on 1-hour charts. This captures profits at multiple timeframes, though it requires more capital and monitoring to avoid conflicts between strategies.

No coding required. HaasOnline provides pre-configured ping pong templates where you simply define your support and resistance levels, position size, and optional indicators. The bot handles order placement, execution monitoring, and cycle management automatically.

Advanced users can use HaasScript to create sophisticated variations—dynamic range adjustment based on volatility, multi-layered ranges, or integration with breakout detection algorithms. But basic ping pong trading works perfectly with standard configuration options through the visual interface.