Binance futures Addon

[cryptocurrencyexchanges]

Trade Binance futures.
Please make sure that the hotkey functions do not overlap.
The Bot's interaction with orders and positions.
An executed order ("long" or "short") opens a position, the bot immediately places a counter order for closing ("short" or "long", respectively), similar to Sell orders on regular (spot) trades. A closing order, within the Bot is called a SELL order regardless of whether the order is "long" or "short". Nevertheless, your Bot may have multiple orders open at the same time in either direction. We highly recommend that you train on the smallest possible orders for a better understanding of the mechanics of the underlying operations.
This is the information about your current position, displaying its type: L - long; S - short, the size of the position and the average entry price. This example shows a long position of 1,18 BTC with an average entry price of 8495. When clicking on this entry, a drop-down menu will appear (see below).
Limit Close - Sets an order limit for closing an open position (if the position is open but there are no orders i.e. you've cancelled them or you've been placing orders outside of the Bot -- this will set a limit).
Join - joins SELL orders.
Split - splitting the order in 3.
Apart from the Futures trades, the chart displays spot market trades, these are displayed in pale (faded) colors and are there to offer a view of current trends on the spot market.
The red line on the chart reflects the liquidation level for the current position. Please make sure that the liquidation level is far from the current price to not risk losing your deposit.
PnL - Profit and Loss, displays the all-time aggregate profit/loss of your Futures trading account minus commission (can be hidden from Settings > Interface menu).
Important : commission calculations, within the Bot, may be wrong due to varying maker/taker commission and varying VIP tiers. Always keep in mind that the result of any trade may vary up to +=0.2%, always use the aggregate balance for reference.
Important : when ticking the "Short" box in the Drops, Volumes and Delta strategies, the direction of the detect doesn't change. The only thing that changes is the direction of the order, thus the strategy will place a Short instead of a Long.
Particularities and important recommendations.
We highly advise you NOT to go ALL-IN! Given that we perform margin trading activity, when all available balance is being used to enter a position that displays negative current PNL, which at the same time diminishes your real-time available deposit, please note, that there is a high chance to fail to place a sell order in Moonbot, returning "Insufficient Margin" error. Please pay close attention to the available deposit, especially if using all balance to trade.
Important: Please note that when trading with an isolated margin, it is possible that your position can be liquidated instantly after opening the position, because Mark Price is too far away from the current price, and also farther than the liquidation price of your position (especially relevant on a high leverage). To avoid this, the MoonBot strategies have MarkPrice (MarkPriceMin, MarkPriceMax) filters, you can read more about them in MoonBot or on the website here. When trading manually, you should follow the MarkPrice price by yourself to avoid liquidation.
Balance is updated with a certain delay due to API limitations.
Key combinations for placing pending limit LONG and SHORT orders are configured in the Interface tab.
Specifics of setting up Short strategies:
1. All strategies except MoonShot, MoonStrike and Liquidations do not flip the detect conditions, i.e. if you enable Short in Drops, the detect conditions do not change when the price falls and the triggered detect will place a short order instead of a long.
2. For short orders, the negative values, with a minus sign, in the stops, trailing and other elements do not need to be changed manually, the bot itself will flip those values.
3. The ratio BV_SV in the filters and stops will also be flipped by the bot, i.e. for short strategies the bot will determine the ratio of sell volumes to buys.
When tuning your strategies, don't forget to take the set leverage into account, all values will be multiplied by the leverage. We recommend testing such strategies, for expected results, using small order sizes to ensure.Lowering the leverage requires sufficient available funds to cover the open position using the new leverage multiplier.
We do not recommend trading on more than one Bot simultaneously because you are running the risk of being short deposit size or increasing your position if such a position was already previously opened by a different Bot. The partial or total closure of a position is possible if another bot opens a position in the oposite direction (position is long, bot opens short or vice-versa).
In case of any kind of technical failure, you can always cancel all orders in the Bot and right-click on the level where the position is set and select Limit Close - this will set an order for the closure of the current position.