The new Altrady Smart Positions allow traders to take full control over their positions, simplifying entry orders and automating exit orders.
If you are an experienced Altrady user, this guide will help you to navigate the new Smart Position (beta) features in V3.8.0.

In this article, underlined features and order types are clickable links for further information.

1. Entry Side selection
Choose the entry for your position: either Buy (Long) or Sell (Short).
This section also shows the amount you have available for trading in quote and base currencies. (For Binance Futures, if leverage is used, this will be the amount available with leverage.)

2. Order Types
Market: Buy or Sell immediately at the current best price.
• Regular Market
• Stop Market

Limit: A Limit order will be placed in the Order Book at the chosen price, and will be filled when the price is reached.
• Regular Limit
• Stop Limit
• Trailing Stop Limit

Ladder: Divide your entry order into two or more parts (1)
• Scales: After choosing your Start and End prices, Altrady will calculate the order amounts and prices for each step, based on your settings.
• Targets: Gives you full control over the price and size for each entry target.

3. Entry Order Form (also for Exits for existing coins)
The Order form for each type of order varies according to what is needed for the order type.
Market Order
Stop Market Order
Limit Order
Stop Limit Order
Trailing Stop Limit Order
Ladder Order

4. Smart Orders
Click Smart Orders to open and close the Smart Orders section of the Trading widget.
Every Smart Position must have an entry and can have one or more exits (TPs and SL).
Any combination of Smart Order options can be added to your Entry Order.
Please note that a Trailing Stop Exit is not yet available but is under development.

The Refresh arrow (top right) can be used to reset and close all Smart Order options.

4a. Entry order Expiration
Cancels your Entry Order after a user-defined period of time, from 1 minute to 30 days.

4b. Take Profit / Exit Ladder
For 2 or more targets.
After choosing your Start and End prices, Altrady will calculate the order amounts and prices for each intermediate step, based on your Price and Size Scale settings.
Note: The Target Price dropdown is not used for Scales.

When a ladder entry is used, Altrady cannot know how many of your entry steps will be filled before any target/s or Stop Loss are hit.
Therefore, initially, the position size for the first step is used for Ladder, Take Profit and Stop Loss Exit Order sizes and profit estimations. Exit orders are automatically updated as more of the entry ladder orders are filled.

For 1 or more Exit Targets.
Maintain full control over the price and size of each exit target.

Choose your preferred method of target selection:
Profit Volume: Choose the percentage profit (above average entry price)
Fixed Price: Enter prices or "pick" them from the chart using the Eye-dropper icon

Position %: choose the percentage profit for each target by entering a value, clicking one of the prespecified percentages, or dragging the slider.

4c. Stop Loss
The Stop Loss is a risk management option, used to protect yourself from losing too much when the market goes against your trade. Both Market and Limit Stop Loss options are available. Either a fixed price or a position loss % can be chosen.
Position Loss % example

Stop Loss Cool Down
An additional option for the Stop Loss is the Cool Down.
The purpose of the Cool Down period is to avoid activating your Stop Loss unless for drops that quickly recover, sometimes due to "stop hunts" by big players.
Once the price drops below your stop loss price, the stop loss cool down is triggered. The stop loss will only be activated if the price stays below the Stop Price for at least the specified amount of time. If price goes above the stop loss price within specified cool down time, the stop loss will not be activated.
The Cool down can be from 1 minute to 30 days.
Note that the cooldown period will apply each time the price drops below the Stop Price.

4d. Time-based Auto-close
This option will only become active once your entry is partially or fully filled. It allows the trader to automatically exit a trade that takes too long to reach either Take Profit or Stop Loss.
If this option is set, at the specified time your position will be fully closed regardless of the profit or loss.

5. Order Controls
Additional options can be selected here that will apply to the entire order. These are mostly used by advanced traders:

Post-only: each order will be placed on the exchange only if it will be added to the order book and not result in a Market or Taker Order (with potentially higher fees).
Note that a Limit Order placed at a price that is already offered by current Bids or Asks will be executed immediately as a market order. If Post-only is ticked, such an order would be immediately cancelled rather than filled.

Time in Force:
• Good ‘til Cancelled (GTC)
• Fill or Kill (FOK)
• Immediate or Cancel (IOC)

Find out more: Smart Order Options: Post Only and Time in Force

Auto-confirm Orders?
Select this is you prefer your orders to be immediately submitted when you click Place Order. If this is unticked, on clicking Place Order a dialog box will appear with the order details and you will need to click Confirm to place the Order.

6. Futures options
These settings are only available when trading on Binance Futures markets
• Reduce-only
• Margin type
• Leverage

7. Assets Table
The Assets table shows balances of your wallets for the base and quote currency of the selected pair on the selected exchange and for the selected Trading Account. For each currency you can see the available balance, reserved coins (those locked in open orders) and the total equity, as well as a USD estimate for the total equity.

Other New Features

Easy Price Selection
Click the Eye-dropper icon to use the Price-picker tool, then click on the desired price in the chart.
The price will be transferred to the form.

Eye-dropper / Price-Picker tool

Lock Your Spend or Buy (Receive or Sell) Amount

Choose which one to lock, and when the price changes the selected value will remain fixed.

Context-sensitive Help
Click on any of the academic cap icons for help on each feature (Coming Soon).

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