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closing-trades.md

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description
How to close crypto positions

Closing Trades

{% hint style="info" %} Closing triggers;
STC is used to close long
BTC is used to close short {% endhint %}

Closing Long

STC <ticker>/<pair> @ <price> [exchange]
I.e. STC BTC/USDT @ 26995 binance

To close a long crypto position, use the trigger STC followed by the ticker/pair (I.e. BTC/USDT), then the symbol @ before the price. By default on new accounts, the crypto exchange is set to Binance and if an exchange name is not specified the bot will log the trade for the Binance exchange.
The default exchange, among other (market, pair) defaults, can be changed. See defaults.mdfor more info.

Example of closing a long position for BTC/USDT at the price of $27154.50 on default exchange

Closing Short

To close a short crypto position, use the trigger STC followed by the ticker/pair (I.e. BTC/USDT), then the symbol @ before the price. By default on new accounts, the crypto exchange is set to Binance and if an exchange name is not specified the bot will log the trade for the Binance exchange.
The default exchange, among other (market, pair) defaults, can be changed. See defaults.mdfor more info.

Example of closing a short position for BTC/USDT at the price of $27160.00 on default exchange

{% hint style="warning" %} Final Notes:
- Do not use $ with tickers.
- Submit using a specified price, or use CMP or M for submitting at the current market price.
- Multiple trades can be submitted in a single message by using 3 back ticks (```) before and after the whole message. {% endhint %}

Using Slash Commands

Submitting trades through slash commands has a more user friendly aspect to it but can take some seconds longer than text messages.

Type in /close then select crypto.

Type in or select the direction Long or Short.

Type in or select an exchange.

Input the ticker & pair with a separator. (I.e. BTC/USDT)

Enter in the price or use 0 for the current market price.

Notes can be added and are optional. Trimming or partially closing positions can be done by using the Trim/Partial Close keywords (trim, trimming, partial, etc.) within the notes.

Example of closing a long BTC/USDT position on the Binance exchange using 0 for the current market price