Position modes on the exchange

By default, the exchange uses the One-sided position mode. In this mode, only one Futures position can exist on the account:

all new orders increase or decrease the same position.

Veles bots only work in Hedge position mode. This mode allows you to run two bots on the same trading account for the same pair, but with different directions or algorithms. For example: TON Long and TON Short at the same time.

In this case, two independent positions will be opened, each with its own PnL (Profit-and-Loss). The bots do not interfere with each other and only manage their own positions.

To switch modes manually: go to your trading account settings on the exchange (the “gear” icon in the upper right corner) and select Position Mode.

Frequently asked questions about hedging

1. Can I run two bots on the same coin and direction?

On Spot — yes. The bots will work with different volumes without interfering with each other.
On Futures — no. Only one Futures position is allowed per account. If several bots are running simultaneously, their orders will affect one position. This will result in an incorrect average price and possible losses, even if the bot reports show a profit.

💡Solution: set up a Lock by Position in your profile. Then the second bot will not be able to open a trade until the first one has finished its trade.

2. Is it possible to run two bots on the same coin in different directions?

On the Spot — yes, it is possible. Even coins from a Long trade can be used as a deposit for a Short bot if the Long deal has entered investment state. The main condition is that the coins must not be reserved by the first bot’s orders.

⚠ Remember: Short bots carry a higher risk. They must be optimized on backtests before launching on the exchange. There may be situations when bots compete for the same coins (for example, a Long deal came to its take profit, but the coins have already been sold by a Short bot).

On Futures — yes. The Long bot and the Short bot will open two independent positions that can hedge each other. There are no conflicts here.