Managing an Active Trade

Managing an active deal in Veles allows you to quickly respond to market changes.
You can close a deal at market price, average a deal, or cancel a bot deal to take it under manual control.

Close Deal at Market Price

This function closes the deal immediately, without waiting for the Take Profit or Stop Loss to be executed.

The dialog box displays the parameters of your deal (the data is static — close and reopen the window to see the updated values).

After confirmation, the system will:

1. Close the deal on the exchange:
   • on futures, the bot will close the contracts;
   • on spot, the coin will be sold or bought back.
2. Fix the current PnL (profit/loss).
3. Delete all remaining bot orders.
4. Set the bot status to “Awaiting signal”.

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Averaging a deal manually

If the price has moved too far from the Take Profit, you can add an averaging order. This will bring the average deal price closer to the current price.

Example

The bot bought 10 coins at 4 USDT, and the price dropped to 2-3 USDT. If you buy another 30 coins at 2 USDT, then:

(10×4 + 30×2) / (10+30) = 2,5 USDT.

The average deal price will drop to 2.5 USDT, and if the price returns to this range, you can exit without a loss.

Averaging formula:

P = (Q1×P1 + Q2×P2) / (Q1+Q2)

• P — new average price,
• Q1, P1 — quantity and price of the first purchase,
• Q2, P2 — quantity and price of averaging.

Important rules for averaging

Be careful

1. If you set a price higher than the current one for a Long deal (or lower than the current one for a Short deal), the order will be executed as a market order.
2. It is impossible to delete an erroneous averaging order (the bot will get an error).
3. If there is insufficient free margin, the bot will stop with the error “Insufficient balance.”
4. After restarting, the bot will restore the order, as it becomes part of the deal.

In the averaging window, specify:

• Price: the price for new averaging limit order.
• Quantity: can be specified in coins or USDT.

Note

If the price is too far from the current one, the exchange may return the error “Order price does not meet requirements.” In this case, bot can not run the deal, and user should take it under manual control.

Cancel the deal

The “Cancel” function completely removes the bot from running the deal.

After cancellation:

1. The bot will delete all its unfilled orders.
2. The bot will switch to the “Terminated” status.
3. The trade will disappear from the “Active Deals” section.
4. The funds reserved for unfilled orders will be released.
5. For futures, the liquidation price may shift.

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Important!

• On futures, the position will remain open. It must be closed manually through the exchange interface (by a limit or market order).
• On spot, you must record the average buy/sell price and volume to know at what price to close the deal manually.

How to manually close a position on the exchange

1. Log into the exchange app or website.
2. Open your trading account (Futures / Derivatives / Unified Trading Account).
3. Go to the “Positions” tab and find the desired coin.
4. Select “Close by” -> “Limit Order” and set the price (with a profit or an acceptable loss, the exchange will display the expected result).
5. Confirm the order; it will appear in “Current Orders.”
6. Wait for the limit order to fill, or close the position by market price if you need to immediately.

Difference between PnL

• Realized PnL — already reflected on the balance of the trading account.
• Unrealized PnL — potential result after closing the position.

Example

You transferred 300 USDT to the trading account. After canceling the deal, the bot stopped, but the position remained open.

• Realized PnL = -0.14 USDT
• Unrealized PnL = -30.54 USDT

After closing this position by market price, on the balance will remain: 300 – 0,14 – 30,54 = 269,32 USDT.

Why is it important to delete orders?

Forgotten orders on the exchange can:

• block your funds,
• cause bot errors such as “Insufficient Balance”**,
• lead to unpredictable losses or even liquidation.

The bot automatically deletes unnecessary orders. However, if it stops with an error, the user is responsible for finding and deleting them.

Tip

Regularly check the “Orders” tab on the exchange and monitor your margin. For more details, see the article How to Reduce Liquidation Risks.

Restart the deal

Sometimes, after stopping with an error, the bot can be restarted. It will continue trading from the place where it left off.

Examples:

• “Orders cancelled by 3rd party” due to accidental deletion of the order,
• “Insufficient balance” due to lack of margin for an order or coins for a Spot bot commission.

In such cases, the bot recreates orders, picks up a position on Futures, or continues to run the same volume that was traded on the Spot by that time.

Note

If a manual averaging order has been added to the Futures bot’s deal, it becomes part of the deal, and after restarting it will also be restored (if it was deleted).

After errors like “Liquidation”, “Position reduced” or “Unknown error”, the bot believes that there is nothing left to restart or it is dangerous.

To restart the deal:

1. Go to the main page of your personal account https://veles.finance/cabinet

2. Find the stopped bot and expand its card.

3. In the drop-down list, click Run.

   

4. In the pop-up window, select Restart the deal.