Trading updates: Position and Amount
19 October 2019
Great news! You can now uses percentages in position arguments, and we've added support for working out a percentage of your current position size that can be used in both amount and position settings.
Percentage of your current position size
When specifying the size of your orders, you can now use
%p to mean percentage of my current position size. This is super powerful for closing part of your position for example -
market(side=sell, amount=30%p) to market close 30% of your currently open position.
Percentages can be used for position
Up until now, using position in your orders to specify a target position size could only accept plain numbers. Not any more. All the supported percentage options are available, including % of balance, % of available balance, and the new % of open position.
How do you use it?
The documentation for each command covers all the new options, but here is a quick table to explain the options...
|Unit||Meaning on BitMEX or Deribit|
|50||50 contracts / dollars|
|50%||50% of your current balance, converted to contracts / dollars|
|50%%||50% of your available balance, in contracts / dollars|
|50%b||Same as 50%|
|50%a||Same as 50%%|
|50%p||50% of your current position size|
Need this to make more sense?
I've added a detailed article with examples of lots of the combinations.
Learn more at Understanding Amount and Position...
Some images from Unsplash
Your TradingView alerts, with automated trading, with charts, PM'd to you.
Auto-trade on any alert.
Trigger orders on popular cryptocurrency exchanges and trade 24/7. Access powerful algorithmic orders to maximise your profits.
See a high quality chart with every alert, captured at the moment the alert was triggered. See exactly what the market was doing and make informed decisions.
Connect your alerts to Telegram (channels, groups and private chats), Discord, Slack, email or send push notifications to other services with webhooks.
Easy To Setup
Nothing to install and no browser extensions. Captures alerts 24/7, even with your computer switched off. Be up and running in seconds.