To customize a bot, click the Configure button or the edit icon. Each bot comes with different configurable parameters based on its trading strategy. This allows you to adjust key inputs like trade size, time intervals, and risk management settings.
List of Available Parameters
- Grid Side: Grid direction, can be one of “long” or “short”. If set, the grid bot will only place limit orders that maintain this intent.
- Max Position Size: Maximum “long” or “short” position size the bot can take in the instrument.
- Grid Spread: Distance between each limit order in basis points (bps). One basis point is equivalent to 0.01%.
- Grid Count: The total number of limit orders that can be placed on either side of the market (i.e., bid or ask).
- Limit Post Only: If supported by the venue, limit orders will be submitted in “post-only” mode. Limit orders will only be placed if they don’t immediately fill.
- Order Fill Delay: How long the bot will wait in seconds after a fill before placing new orders. Current open orders can still be amended, but the total open size of orders will not increase during the delay period.
- Order Min Percent Change: The minimum order price change in basis points (bps) required to update an existing limit order. One basis point is equivalent to 0.01%.
- Order Refresh Delay: How long the bot will wait in seconds between consecutive order creations and amendments.
- Trading Run Duration: The duration in minutes over which the bot will seek to acquire the target position. A lower run time indicates more urgency, possibly impacting execution price.
- Trading Start Time: The future time when the bot will start. If not set, the bot starts immediately.
Close On Stop: If enabled, your positions will be closed at the market price when the bot is stopped. - Max Order Size: Maximum size of an order that can be placed at a particular price.
- Max Position Size Long: Maximum “long” position size the bot can take in the instrument.
- Max Position Size Short: Maximum “short” position size the bot can take in the instrument.
- Price Max: Maximum price at which any bid or ask orders can be placed.
- Price Max Buy: Maximum price for which the bot can place buy orders. Above this price, only sell orders can be placed.
- Price Min: Minimum price at which any bid or ask orders can be placed.
- Price Min Sell: Minimum price for which the bot can place sell orders. Below this price, only buy orders can be placed.
- Stop Loss Percent: Stop loss set as a percentage distance away from the average entry price.
- Stop Loss Price: Stop loss set as a fixed price level, where the entire position is closed.
- Trail Stop Loss Percent: Trailing stop loss - initially set as a percentage below the market price (for a long position) and trails price increases. The stop level does not move down if the price decreases.
- Trail Stop Loss Entry Percent: A trailing stop loss that locks once a certain percentage above the entry price is reached, helping lock in profits.
- Take Profit Price: Take profit set at a fixed price level, where the entire position is closed.
- Take Profit Percent: Take profit set as a percentage distance from the average entry price.