Trading mode “Signal” – Veles Help Center

Trading mode “Signal”

In the “Signal” trading mode, you can set up grid trading, where:

  • the first order will be either a market order (Margin=0) or a limit order (Margin>0);
  • each further order will be placed on the market if two conditions are met:
    1. a signal is received from the preset indicator,
    2. at the current price, there is a minimum deviation from either the first order or the previous order (if the switch is activated).

In this case, the signals are calculated individually. When the signal arrives, the bot checks whether the minimum indent from the first/previous order has been reached. If so, the averaging order will be created.

This method allows you to optimally average a position, taking into account market movements.

Full list of bot settings you can find in this article.

Veles cooperates with exchanges!

Register using our links and get maximum bonuses from exchanges.