Hedging Mode – Veles Help Center

Hedging Mode

This position mode allows you to run simultaneously two bots in the same pair with different algorithms. Two multidirectional positions will be opened, each bot will control only its own position.

Important! The bot will set the position mode at launch. If one-way mode is currently enabled and there are open positions, the bot will not be able to start in hedging mode, as the exchange will not allow changing the position mode.

To change the position mode:

  • close all open positions
  • wait for the current positions to exit, after which this mode will be automatically enabled

How to turn on the hedging mode

By default, the position mode is one-sided. You need to enable “Hedge Mode” to hold both long and short positions at the same time.

To access the hedging mode, use the latest version of the trading interface. You can access the page by following the link: https://www.binance.com/futures/BTC_USDT.

Step 1: Click on the icon in the top right corner and select “Settings”.

Step 2: Go to the “Position Mode” menu and select “Hedge Mode” on the page that opens.
Note: please pay attention, that you can only set the position mode when you have no positions or open orders.

Veles cooperates with stock exchanges!

Register using our links and get maximum bonuses from exchanges.