Why do I need the “Panic Sell Spread: ХХ%” slide on the MoonBot terminal’s Settings – Main tab?

In the MoonBot terminal on the Settings – Main tab there is a slider “Panic Sell Spread: ХХ%” and it can vary from 0 to +5% – this is the step change of the Sell order every 2 seconds, i.e. how fast the Panic Sell can drop the price. The higher this parameter is, the faster the Sell order will find the green order book and sell the coin. If you set this parameter to 0.5%, for example, after you hit the Panic Sell button, the bot will move the Sell order 0.5% below the current price, if it hits the spread and fails to find any liquidity (buyers in the green order book), after 2 seconds the bot will move the Sell order down again by 0.5% and so on. In this case, it may happen that the price will start to fall sharply lower and lower in those two seconds, and the Sell order will move every 2 seconds for the next 0.5%, but it will not be able to keep up with the falling price. If this happens, the order may move several times before it is already sold, but you will already have a significant amount of losses in the trade. Therefore it is recommended to place a large step for small and medium orders at once, for example 2-3-5%, in order to throw the order deep into the green order book and sell the order at the current market price for the first step of price decrease.