Average Up/Down Positions
Positions can be averaged up or down, but cannot be 100% accurate as position sizes are not a factor. Position averaging is calculate based on a single coin
Last updated
Positions can be averaged up or down, but cannot be 100% accurate as position sizes are not a factor. Position averaging is calculate based on a single coin
Last updated
There is no extra trigger or syntax to average positions. Using the same opening submission for an existing trade that is still open will average the position.
For example, if you submit BTO BTC/USDT @ 25000 and do not close it, when you submit another opening position the same as an existing one, such as BTO BTC/USDT @ 24000, it will already know you have an existing open trade for this ticker and will auto calculate the new average for this trade to 24500- the average of 25000 & 24000.
The same concept applies to slash commands as with text commands. Submitting an open position for the same existing open position will average it.
Averages can't be 100% accurate due to the app not tracking position sizes. If only 1 coin is being traded, it will be 100%. The app only recognizes that order quantity is always 1, and it can't be specified otherwise. An example of inaccuracy; trade opened with 5 coins for $10.00, then averaged with 2 more coins for $9.00 which creates a new average price of ~$9.71. The app only recognizes that 1 coin has been opened for $10.00, and 1 additional coin for $9.00- therefore calculating the average to $9.50.
