Creating a Position
Last updated
Last updated
A setup in the terminal is created step-by-step with an intuitive interface.
To ensure the user doesn't encounter difficulties at any stage of creating a setup, let's review the sequence of actions:
Press the Create button to go to the publication selection menu.
Publication Selection Menu
If private publications are enabled in the settings, you will first be asked to choose the account on which the position will be created.
Choosing the market where the position will be created.
Choosing the ticker (coin). You can enter it manually or select it from the bot's keyboard.
Choosing the timeframe on which the setup is based and you are working with the chart.
Trading direction. On any market, you can trade Long and Short. On the spot market, this is done through margin trading.
Enter the data for the entry price, Stop-loss, and Take profit. If you accidentally make a mistake and enter incorrect data, you can go back one step and enter the data again. If the entered data does not need to be replaced, you can press Skip.
In addition to Limit orders, you can use Market and Breakout orders, giving you flexibility in trading various situations.
When entering the entry price, the terminal immediately checks its relation to the current price.
For a short position, if the current price is higher than the entry point, the bot will offer to place a Breakout order (on the break of a level) or a Market order (at the current price).
For a long position, conversely, if the current price is lower than the entry point, the bot will offer to place a Breakout or Market order.
After this, the terminal offers to enable the SLX module, which will automatically move your stop-loss to your entry point when the profit on the trade is greater than the stop-loss you set. Note that you are not setting the stop-loss as a percentage, but entering its exact price value.
The terminal automatically calculates the percentage based on the data you entered. In our situation, the stop-loss level will be at 101886.1 and will be 1.25%.
The terminal automatically calculates the profit-to-loss ratio.
Any setup must include a chart with markups.
Click on the camera icon and select the 🔗 Copy link line; a link to your chart will be copied to the clipboard.
Don't forget to place the Long/Short position tool on the chart to accurately determine the Entry/SL/TP points. Also, in the tool's settings, go to the Style tab and check the boxes for Price Labels, Compact Stats, and Always Show Stats, so that all necessary values are visible on your screenshot.
Paste the copied link into the text field in the bot and send the message.
A preview of your chart will be displayed in the dialogue.
You can add an image to your publication. This could be another chart, clusters, a heatmap, etc.
Don't forget to add a comment to your setup. The more detailed the description you provide, the easier it will be for you and other participants to understand this setup.
After sending the comment, review your publication. If everything is correct, press Confirm, and the setup will be created. If necessary, you can return to editing.
Done, the setup is confirmed!
In our case, the setup will open when the price reach our entry point.
Terminal will send you notification when position opens.
If you select the Private publication type, your setup will not be published in the Tradium [] chat, which all channel subscribers can join.
And published in the [] chat.
