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24_Take Percentage Off Plus Points

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Take Percentage Off plus Points


Overview: The 'Take Percentage Off plus Points' feature in the OTS Trader bot offers efficient position management by allowing traders to exit a percentage of their open position at a predetermined distance from the current market price. With customizable percentage levels and dynamic order management, this feature enhances trade flexibility and execution efficiency.


Operation:

  • Percentage-Based Exits: Utilizing the current market price, the system submits orders to exit a specified percentage of contracts at a predetermined distance from the last price.

  • Optimal Trade Management: Dynamic adjustment of the percentage to exit based on the current position ensures efficient order handling and trade optimization.

Key Features:

  • Customizable Percentage Levels: Tailor percentage levels in settings to align with trading strategies, providing flexibility and adaptability in position exits.

  • Dynamic Order Management: The app dynamically adjusts the percentage to exit based on the current position, ensuring optimal trade management and execution efficiency.

  • Efficient Order Handling: If an order remains unfilled and the feature is deactivated, only the specific order is canceled. Upon reactivation, the system promptly submits a new order at the predetermined distance from the updated current price level, streamlining order management and execution.

Settings:

  • In settings, traders can adjust the percentage of contracts for each button, providing customization options tailored to individual trading preferences.

  • On the screen, traders can adjust the points values for each button, allowing for further customization and flexibility in position exits.


Conclusion: The 'Take Percentage Off plus Points' feature enhances position management in the OTS Trader bot by offering efficient percentage-based exits at predetermined distances from the current market price. With customizable settings and dynamic order handling, traders can optimize trade execution and adapt their strategies to evolving market conditions with ease and precision.


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