This feature is available to users trading on Futures on Bybit and Binance exchanges, the switch is available in the Trading Mode block.
This option helps to prevent situations when there is an old position on the exchange, but the bot does not know about it – this can lead to losses. With it, you can integrate existing position on the exchange into current deal, which gives you more flexibility and control.
When the option is active, then
- When opening a new deal, the bot checks for an open position on the trading account.
- If a position is found on the exchange, the bot will assign this volume to the current deal and record an executed order with the number “-1” and the type “POSITION” in the Active deal card.
- If there is no position, the bot places its averaging orders according to the settings.
- The bot will evaluate the current PNL in the resulting deal.
- If the conditions for closing the deal from the “Profit” section are fulfilled, the deal will be closed immediately, and the profit will be fixed.
- If the conditions are not met, the deal continues, and the bot monitors the execution of averaging orders.
The volume of the total position will be increased, as it consists of the volume of the old position and the volume of grid orders added to it (depending on how many are executed). Make sure that there is enough supporting margin on the account for a position of this volume.
Be sure to use the lock “By position” feature if you have more than one bot running for the same coin and direction (for example, two bots for ADA in Long algorithm). This will prevent errors and conflict over a position on the exchange between the bots.
In case you do not want the bot to include a position on the exchange in a deal, you can disable this option in the settings.
Important! If there is an old position on the exchange, and a Futures bot starts working, without including this volume in the deal, it can lead to losses. We do not recommend doing this. Please, in this case, check manually that the bot starts working on a clean account, without old open positions on its coin.
