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17_Automatically Scaling into Trades - Points

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Auto Scale + Points


Overview: The 'Auto Scale-In' feature in the OTS Trader bot allows traders to automatically add to their position at predefined intervals of X points better once they've entered the market. This feature enhances trading efficiency by automating the process of scaling into trades without the need for manual intervention.


Activation and Functionality:

  • Activation: Once a trader enters the market, the 'Auto Scale-In' feature activates automatically.

  • Automated Orders: It automatically submits orders to add to the trader's position at predefined intervals of X points better.

  • Example: If a trader bought 1 contract at 5500 and set the Auto Scale-In to add more contracts at 2.00 points better at 5498, the feature will submit new orders to buy at 5496, another 2 points better.

  • Max Qty Limit: The Max Qty inputs determine when the app stops adding contracts, respecting the maximum quantity set by the trader. If the position reaches the maximum quantity, the feature stops submitting orders. However, if the position drops below the maximum, the feature resumes scaling in accordingly.

Customizable Triggers:

  • Flexibility: Traders have the option to customize triggers to dictate when the app begins scaling into trades automatically.

  • Control: Orders are submitted only once the trigger is activated, providing enhanced control and flexibility over the scaling process.

Toggle Functionality:

  • On and Off: Traders can toggle the 'Auto Scale-In' feature on and off as needed, enabling seamless and efficient position scaling without manual intervention.

Benefits:

  • Efficiency: Automates the process of scaling into trades, saving time and effort for traders.

  • Control: Provides traders with customizable triggers and maximum quantity limits, enhancing control over the scaling process.

  • Flexibility: Traders can toggle the feature on and off as needed, adapting to changing market conditions and trading strategies.


Conclusion: The 'Auto Scale-In' feature in the OTS Trader bot streamlines the process of scaling into trades by automating order submissions at predefined intervals. With customizable triggers and maximum quantity limits, traders can maintain control and flexibility over their trading activities, enhancing efficiency and optimizing trading strategies.

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