Trailingcrypto provides a set of advanced trading strategies for Binance Futures with an easy-to-use platform and allows a seamless trading experience for traders.
Table of Contents
Opening a SHORT/LONG position
To Open a Short position or Close a Long Position in Binance Futures following order types can be used:
- Limit Sell
- Market Sell
- Stop Loss (Where stop price is less than current price)
- Take profit (Where stop price is greater than current price)
- Trailing Stop Sell
- Take profit with Trailing exit
- OSO (Bracket Order) with any of the above order as Primary/Secondary Order
- OCO (One Cancel Other) with any of the above order as Primary/Secondary Order
To open a Long position or Close a Short Position in Binance Futures following order types can be used:
- Limit Buy
- Market Buy
- Trailing Stop Buy
- Stop Buy – Price Greater than current price
- Stop Buy – Price Less than current price
- Stop Buy with Trailing Exit
- OSO (One Send Other) with any of the above order as Primary/Secondary Order
- OCO (One Cancel Other) with any of the above order as Primary/Secondary Order
Adjusting Leverage Value
Leverage values are changed or updated in the context of a given Currency Pair. When UI is loaded initially then it shows users current leverage value in slider or in text input. This value can be changed using Slider and Text input both as per users preference and updated value will get auto-synced on Both UI elements.
Cross Leverage vs Isolated Leverage – Ability to change from Cross leverage to isolated leverage is work-in-progress and currently, you will have to change this from Binance Interface. Coming Soon
Manage Open Positions
There are 4 tabs in the data table as shown above:
- Positions – View/ Manage Margin or Futures Open Positions. To immediately close any of the listed open positions click on Market to Close at Market price or Limit to Close at given limit price.
- Open Orders – View/Manage Open Trades On Trailingcrypto or Binance exchange. Some of the options are editing stop price in advance orders, cancelling open limit order, etc.
- Order History – View All past trades on Trailingcrypto and Exchange account
- Triggers – View/Manage Email or Telegram Triggers set up while placing a trade.
Binance Settings
Make sure you have following two settings in correct place for it to work with trailingcrypto
1. In the API settings check if you have enabled futures trading permission for that API key.
2. In the preferences select position mode = one-way mode
Note: Relative volume is not supported in margin and futures trading at the moment. This is so because one can trade more than available balance in margin and futures trading.
Let us know if you have any questions in the comment section.
