Automation

What is Auto Break Even?
It is a feature of the Portfolio Management Software that automatically puts the Stop at the average entry price after the market has moved the specified % in your direction.
Example: if you are Long and Auto BE is ON with 3% Price Trigger the Stop will be placed at the average entry price only after the market has gained 3% from your average entry price.

 

What is Slippage Protection?
Slippage protection adds an extra layer of protection in high load and/or volatile times on BitMEX when Stop Orders do not get triggered at the specified price. Due to BitMEX`s policy regarding order execution priority, liquidations are executed before the Stops thus leading to high slippage on the stops. If the Auto BE Stop is overshot the liquidation will be the maximum loss for that position + fees.
NOTE: if Auto BE with Slippage protection is enabled and the Price % Trigger is reached, after closing the position the leverage will be automatically set to CROSS.

 

What does Clean Orders do?
If Auto BE is enabled, after the Limit orders get filled and the Price % Trigger is reached all unfilled limit orders will be removed.

What is Dynamic Take Profit?
It is a Portfolio Management Software feature that constantly ensures the take profit level is at the specified percentage from the average entry price. Every time the position is increased or decreased the software will recalculate the entry price, the size of the position, and adjust the take profit level and number of contracts.

 

What does Weighted Take Profit do?
Example: Dynamic TP is ON with TP % of Entry at 5%, Weighted TP is checked, there is an opened position, 3 out of 5 limit orders are filled at the moment.

  • Take Profit will be automatically set at a level that will generate 5% profit on wallet balance
  • The 4th and 5th limit orders get filled.
  • The average entry is recalculated and the Take Profit level is moved accordingly -> 5% profit on wallet balance
  • Market entry execution for resizing.
  • The average entry is recalculated and the Take Profit level is moved accordingly -> 5% profit on wallet balance.