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23_Break-Even Plus Points

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Break-Even Plus Points


Overview: The 'Break-Even Plus Points' feature in the OTS Trader bot enables traders to secure profits and protect gains by exiting all contracts at a predefined point above the true average price. This functionality enhances trading efficiency and risk management in fluctuating markets.


Operation:

  • Profit Protection: The feature exits all contracts at a predefined point above the true average price, effectively securing gains and protecting profits.

  • Dynamic Functionality: The system intelligently determines the position (long or short) and places the appropriate exit order (stop or limit) above or below the true average price to lock in the set profit target.

Example Scenarios:

  • Long Position at 4950: If the market is at 4959, the system places a sell limit at 4951.

  • Long Position at 4950: If the market is trading at 4955, the system places a sell stop at 4951 to lock in a 1-point profit.

Key Features:

  • Automated Order Submission: When activated, the feature automatically submits the order; when deactivated, it cancels only that order.

  • Dynamic Quantity Adjustment: The exit quantity auto-updates based on changes in position.

  • Real-Time Adjustment: If the value of points changes, the system self-adjusts accordingly, ensuring accuracy in order placement.


Conclusion: The 'Break-Even Plus Points' feature empowers traders with efficient profit protection and flexible order management capabilities. By exiting contracts at predefined points above the true average price, traders can secure gains and navigate fluctuating markets with confidence and ease.

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