Size and market

Changes apply from the next entry, never to an open trade.

How big is each trade?#

• a share of my account: a stop-out loses Risk per trade of your balance. Every entry needs a stop.
• the same amount every time: your Quantity, whatever the alert says.
• whatever the alert says: the alert carries a quantity or a USDT amount to risk.

HookTrader rounds every size down to Binance's lot size. A size below Binance's minimum is rejected as qty below exchange minimum. Raise the risk, bring the stop closer, or use a fixed quantity.

The Signal Connector risks 1% by default.

Which market?#

Now rejects other symbols. When the first alert arrives locks to that alert's symbol. After the first trade, make another strategy for another market.

One position per symbol, per account#

Binance merges positions on one symbol within an account. So each account holds one trade per symbol, across all strategies. A second entry is rejected as Symbol already trading. Each strategy runs one trade at a time.

A signal against an open trade#

let the open trade run (the default) ignores the new entry. close it and flip closes it and opens the other way.

A Signal Connector entry for a new trade always closes the open one. See Entries and exits.

Leverage, slippage and late alerts#

• Leverage and Margin mode apply before each entry, unless left to the exchange account.
• keep the same distance from the fill (the default) moves the stop and targets with your fill, so the risk stays as planned. leave them at the alert's prices keeps a stop under a chart level exact.
• Skip the trade past: a fill further than this percentage from the alert's price is closed at once.
• Ignore alerts older than: 30 seconds by default. Older alerts are recorded as Alert too old (stale), never traded.