Altrady’s Position Start and Expiration Feature – Automate Your Entry and Exit Strategies

How many times have you missed a trading opportunity and dealt with regret and remorse? Most times, those regrets sounded more or less like “I should’ve bought more”? or “I should’ve invested earlier.”

Fortunately, you can scratch all the self-guilt vibes with an easy and intuitive feature called Position Start Trigger and Expiration – courtesy of Altrady.?

In simple terms, the Position Start Trigger and Expiration refers to the initial entry point and exit point at which you begin and respectively conclude a trade on a crypto exchange platform – but it’s all done automatically, saving you a lot of time and effort.

Here’s more on how Atrady’s Position Start and Expiration feature allows for more precise execution and reduces potential mistakes.

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What Is The Position Start and Expiration Feature

The start and expiration positions are crucial because they determine your level of exposure to the crypto market and influence the potential ROI.?

When you're ready to make a trade, you set a start position by specifying the conditions under which you want the trade to execute. This could include factors like the cryptocurrency's price, the timing (e.g., which day(s) and within which hours) you wish to trade, or a combination of both. On the other hand, the Position Expiration function automatically cancels a pre-set position if an entry order remains unfilled by a specific deadline. The specific deadline is either related to time, price, or whichever condition occurs first.

The Position Start and Expiration feature can be particularly advantageous for long-term investors. By setting up positions based on comprehensive market analysis and strategic planning, you can establish a solid foundation for your portfolio and weather short-term market fluctuations with confidence.

Enabling Position Start and Expiration in Altrady

Let’s say you're trading based on trendlines and aiming to enter the market with the next wave. You can align the start time to match the approximate duration of the previous wave in the trend. Additionally, you can set the price trigger at the bottom of the trendline to ensure the price corresponds to the desired level.

To prevent entering a position when the price has already dipped below the trendline, you can set an expiration price. This way, your position doesn't activate if your predefined scenario doesn't go as anticipated. It also ensures that the price reaches your desired level within a timeframe similar to previous waves.

Identify the emerging trend, then, set the entry, Take Profit, and Stop Loss orders as usual.?

Next, click the "Start position at" button to define the price trigger – your trade will automatically run only when the price is near, preventing funds from being tied up prematurely.

Next, click the "Expire position at" button and select the price and time using the same method.?

Check out all the details in this video tutorial.?

How Does Position Start and Expiration Help?

Manage risks effectively?

When you carefully determine the start and end position, you’ll enhance risk management. As you decide how much of your capital to allocate to a single trade, you consider your overall trading strategy and risk tolerance.

These clear parameters help mitigate risks associated with market volatility. You can establish Stop Loss and Take Profit levels to protect your investment and maximize returns.

Get flexible with your strategy

A well-planned starting position allows you to adapt your strategies based on market conditions. If the market moves favorably, you can increase your position to maximize gains. If the market moves against you, you can minimize losses by reducing your position size.

Additionally, you can achieve better results without committing excessive funds to one trade, leaving room for diversification.

Increase your efficiency

Start position allows for automation in trading, enabling transactions to execute automatically based on the criteria you've established. This saves time and ensures you don't miss out on potential opportunities.

Additionally, you optimize the use of your capital by choosing an appropriate starting and ending position.?

The Bottom Line

The Start and expiration position in crypto trading is a pivotal element that can significantly influence your success. It requires balancing ambition and caution to maximize returns while minimizing risks.?

This feature is suitable for traders with varying investment goals and timeframes, providing automation and efficiency in executing trades regardless of the trading strategy employed.