Trading Futures with Altrady
Altrady currently offers Futures trading for USDⓈ-M perpetuals only (not coin-margined), on Binance, Kucoin and Bybit.
Bybit and Binance support hedge mode and one-way mode.
Kucoin only supports one-way mode.
A separate Trading account is needed in Altrady for a futures exchange, with its own API key with Futures trading enabled.
Leverage cannot be changed after entries are filled or partially filled.
USDⓈ-M Futures
Hedge mode (from v4.5) and One-way mode. Mode can be set in Altrady or on the exchange.
No cross-collateral (e.g. from USDT to USDC and vice-versa), except as below:
Binance Credits (BNFCR), in multi-asset mode (cross margin only) is supported
---In multi asset mode, all balances are usable, but the total only shows the actual holdings + unrealized profit
---Available Balance is the amount available for trading
After creating a Binance Futures account, and selecting your quote currency (USDT or BUSD), you can add your API key to Altrady. As well as Read and Spot permissions, Futures should also be ticked.
USDT perpetual futures contracts
Hedge mode (from v4.5) and One-way mode. Mode can be set in Altrady or on the exchange, and can vary per market.
Unified Trading Accounts and Classic accounts are supported.
How to Connect Your Bybit Exchange Account with Altrady (this includes spot and futures).
USDT perpetual futures contracts
One-way mode only. (Kucoin does not support hedge mode.)
Maximum leverage when trading using an API key is 10x
Note that leverage on open Kucoin Futures positions changes constantly with the PnL percentage.
Instructions for adding an API key for Kucoin Futures: How to Add a Kucoin API key (this covers Spot and Futures)
Note. Sometimes, exchange codes are used in Altrady. For the Futures exchanges, these are:
BIFU: Binance Futures
BYBIF: Bybit Futures
KUCNF: Kucoin Futures
When you add an API key to Altrady, Altrady’s API will request your trade and order history from the exchange. Open orders are retrieved, However, very little order and trade history is provided, often only one day.
With a paid Altrady subscription you can manually import your Trade History from the exchange. You will then see your last 1500 trades on the chart for each market, and the Trading Analytics will be updated to reflect your history. See also below for Positions.
3 extra fields–these work in the same way as they do on your Futures exchange:
Leverage amount
Leverage type
Reduce-only for One-way mode. Use this to exit or close a position so as not to overspend (taking the position in the opposite direction). If you look at your trading widget and all balances are zero, then reduce-only is enabled. This will need to be turned off to go back to normal trading.
For hedge mode, the Trading widget uses Long and Short + Open and Close. This replaces Buy and Sell AND Reduce only.
When trading Futures, all order types shown can be used, both for Short and Long positions. Choose from Regular or Smart orders (see below)
Regular orders are those you would be familiar with from trading on exchanges. You can create and entry (Buy or Sell). Wait for it to fill and then create Exits (Sell or Buy Take Profit Orders and Stop Losses).
Entry:
Choose the leverage type and amount.
Reduce-only should be OFF.
Enter the details for a Short or Long entry in the trading widget as per usual.
All available order types can be used.
If specifying a percentage for the entry, it will be based on the leveraged amount, shown at the top of the widget.
Exit:
In the Trading widget:
The leverage type and amount should default to the same as the entry
Tick Reduce-only, to show the amount outstanding in the position. If reduce-only is not checked, it is possible to place an order for an amount greater than the outstanding amount. The position will close and a new one created for the opposite side for the extra amount.
Choose the order type (including Ladder, Stop Loss etc.) and the amount (%) to exit
Place the order
OR
From My Positions:
Click the 3 dot menu to the right of the Open Position containing the Entry. Select Exit position LIMIT or Exit position MARKET.
This will create an order for 100% of the entry amount, with Reduce-only checked
Click Place Order
If Exit Position creates an invalid or unexpected order, it’s likely that the position does not have all of the trades it needs (see Positions and the Break Even Calculator below for how to fix that.). You can still create an exit order in the trading widget as described in Exit: 1. above
Smart orders (including all-in-one orders) are managed internally by Altrady. They offer options that exchanges do not offer, such as combining entry order/s with Take Profit order/s and/or a Stop Loss order, Trailing Stop Loss and Trailing Take Profit; entries and exits based on trigger times or prices.
Smart Orders: Quick Start Guide
How to use smart positions
You can also:
Add, edit, remove SL
Add, edit or remove TPs
Increase the position size (add more entries)
If part of a smart order is edited on the exchange, Altrady won’t know about it, and the smart order management will no longer be able to work properly. Always edit your smart orders and positions in Altrady, not on the exchange.
A Smart Order creates a Smart Position–all trades for the position will be grouped together for analytics in My Positions and BEC.
The Positions shown in My Positions and the Position Info (Break Even Calculator) are Altrady’s analytical positions, which can differ from the management positions on the exchange.
Altrady allows more than one position for the same side, whereas on the exchange, there is a maximum of one open position per side.
Since the exchange controls the liquidation price, there will only be a single liquidation price per market per side, even if there is more than one position open on Altrady.
In My Positions and Position Info, you can see stats about the position (including the liquidation price). For more details, click on the position to open the market and the same position in the Position Info. The PI widget has more details.
As mentioned above in Starting Out, when you first start using Altrady, exchanges provide very little of your trade and order history. Altrady attempts to build positions from the initial trade history, but with missing trades, they might not be accurate (since earlier filled orders-treads-might not have been provided).
There are two ways to deal with this:
If you want to see your position history in Altrady, then you can:
Import your Trade History from the exchange (see How to Import Your Trade History into Altrady)
For each market traded, select the market to view,
In the Position Info, delete the position shown.
Click New to create a new position using all imported trades.
Set the start date to a date before the first trade.
Click Save to save the position.
You can create positions that suit your trading style–long term or short term for example. Choose the Start and End dates to include the correct trades in the position. These dates can also be input by right-clicking on the chart before the first trade, or after the last trade, and selecting:
i.Set Break Even start date
ii.Set Break Even end date.
2.If you don’t need your Position History and want to start fresh:
Open the market and navigate to the Position Info widget
View the most recent position (it should already be showing)
Click the End date field and select today’s date as the end date
Save the position.
The end date will be adjusted to the most recent trade
Next time you trade that market a new position will be started
New trades will create new positions starting after the last Closed position.
See also:
Futures: Hedge Mode and One-way Mode
Understanding the Trading Widget of Altrady
Using Altrady's Signal Bot with Futures exchanges
Video: Futures trading on Altrady (BYBIF example)
How to move your Take Profit order below the average entry price on an existing Smart Order
Bybit and Binance support hedge mode and one-way mode.
Kucoin only supports one-way mode.
A separate Trading account is needed in Altrady for a futures exchange, with its own API key with Futures trading enabled.
Leverage cannot be changed after entries are filled or partially filled.
Binance Futures
What is Supported?
USDⓈ-M Futures
Hedge mode (from v4.5) and One-way mode. Mode can be set in Altrady or on the exchange.
No cross-collateral (e.g. from USDT to USDC and vice-versa), except as below:
Binance Credits (BNFCR), in multi-asset mode (cross margin only) is supported
---In multi asset mode, all balances are usable, but the total only shows the actual holdings + unrealized profit
---Available Balance is the amount available for trading
API Key
After creating a Binance Futures account, and selecting your quote currency (USDT or BUSD), you can add your API key to Altrady. As well as Read and Spot permissions, Futures should also be ticked.
ByBit Futures
What is Supported?
USDT perpetual futures contracts
Hedge mode (from v4.5) and One-way mode. Mode can be set in Altrady or on the exchange, and can vary per market.
Unified Trading Accounts and Classic accounts are supported.
Add your API key
How to Connect Your Bybit Exchange Account with Altrady (this includes spot and futures).
Kucoin Futures
What is Supported?
USDT perpetual futures contracts
One-way mode only. (Kucoin does not support hedge mode.)
Maximum leverage when trading using an API key is 10x
Note that leverage on open Kucoin Futures positions changes constantly with the PnL percentage.
Instructions for adding an API key for Kucoin Futures: How to Add a Kucoin API key (this covers Spot and Futures)
Select a Futures market in the Markets widget
Note. Sometimes, exchange codes are used in Altrady. For the Futures exchanges, these are:
BIFU: Binance Futures
BYBIF: Bybit Futures
KUCNF: Kucoin Futures
Your Data when an API key is added to Altrady
When you add an API key to Altrady, Altrady’s API will request your trade and order history from the exchange. Open orders are retrieved, However, very little order and trade history is provided, often only one day.
With a paid Altrady subscription you can manually import your Trade History from the exchange. You will then see your last 1500 trades on the chart for each market, and the Trading Analytics will be updated to reflect your history. See also below for Positions.
The Trading widget
3 extra fields–these work in the same way as they do on your Futures exchange:
Leverage amount
Leverage type
Reduce-only for One-way mode. Use this to exit or close a position so as not to overspend (taking the position in the opposite direction). If you look at your trading widget and all balances are zero, then reduce-only is enabled. This will need to be turned off to go back to normal trading.
For hedge mode, the Trading widget uses Long and Short + Open and Close. This replaces Buy and Sell AND Reduce only.
When trading Futures, all order types shown can be used, both for Short and Long positions. Choose from Regular or Smart orders (see below)
Regular Orders
Regular orders are those you would be familiar with from trading on exchanges. You can create and entry (Buy or Sell). Wait for it to fill and then create Exits (Sell or Buy Take Profit Orders and Stop Losses).
Entry:
Choose the leverage type and amount.
Reduce-only should be OFF.
Enter the details for a Short or Long entry in the trading widget as per usual.
All available order types can be used.
If specifying a percentage for the entry, it will be based on the leveraged amount, shown at the top of the widget.
Exit:
In the Trading widget:
The leverage type and amount should default to the same as the entry
Tick Reduce-only, to show the amount outstanding in the position. If reduce-only is not checked, it is possible to place an order for an amount greater than the outstanding amount. The position will close and a new one created for the opposite side for the extra amount.
Choose the order type (including Ladder, Stop Loss etc.) and the amount (%) to exit
Place the order
OR
From My Positions:
Click the 3 dot menu to the right of the Open Position containing the Entry. Select Exit position LIMIT or Exit position MARKET.
This will create an order for 100% of the entry amount, with Reduce-only checked
Click Place Order
If Exit Position creates an invalid or unexpected order, it’s likely that the position does not have all of the trades it needs (see Positions and the Break Even Calculator below for how to fix that.). You can still create an exit order in the trading widget as described in Exit: 1. above
Smart Orders
Smart orders (including all-in-one orders) are managed internally by Altrady. They offer options that exchanges do not offer, such as combining entry order/s with Take Profit order/s and/or a Stop Loss order, Trailing Stop Loss and Trailing Take Profit; entries and exits based on trigger times or prices.
Smart Orders: Quick Start Guide
How to use smart positions
You can also:
Add, edit, remove SL
Add, edit or remove TPs
Increase the position size (add more entries)
If part of a smart order is edited on the exchange, Altrady won’t know about it, and the smart order management will no longer be able to work properly. Always edit your smart orders and positions in Altrady, not on the exchange.
A Smart Order creates a Smart Position–all trades for the position will be grouped together for analytics in My Positions and BEC.
My Positions and the Position Info widget (previously know as the Break Even Calculator)
The Positions shown in My Positions and the Position Info (Break Even Calculator) are Altrady’s analytical positions, which can differ from the management positions on the exchange.
Altrady allows more than one position for the same side, whereas on the exchange, there is a maximum of one open position per side.
Since the exchange controls the liquidation price, there will only be a single liquidation price per market per side, even if there is more than one position open on Altrady.
In My Positions and Position Info, you can see stats about the position (including the liquidation price). For more details, click on the position to open the market and the same position in the Position Info. The PI widget has more details.
As mentioned above in Starting Out, when you first start using Altrady, exchanges provide very little of your trade and order history. Altrady attempts to build positions from the initial trade history, but with missing trades, they might not be accurate (since earlier filled orders-treads-might not have been provided).
There are two ways to deal with this:
If you want to see your position history in Altrady, then you can:
Import your Trade History from the exchange (see How to Import Your Trade History into Altrady)
For each market traded, select the market to view,
In the Position Info, delete the position shown.
Click New to create a new position using all imported trades.
Set the start date to a date before the first trade.
Click Save to save the position.
You can create positions that suit your trading style–long term or short term for example. Choose the Start and End dates to include the correct trades in the position. These dates can also be input by right-clicking on the chart before the first trade, or after the last trade, and selecting:
i.Set Break Even start date
ii.Set Break Even end date.
2.If you don’t need your Position History and want to start fresh:
Open the market and navigate to the Position Info widget
View the most recent position (it should already be showing)
Click the End date field and select today’s date as the end date
Save the position.
The end date will be adjusted to the most recent trade
Next time you trade that market a new position will be started
New trades will create new positions starting after the last Closed position.
See also:
Futures: Hedge Mode and One-way Mode
Understanding the Trading Widget of Altrady
Using Altrady's Signal Bot with Futures exchanges
Video: Futures trading on Altrady (BYBIF example)
How to move your Take Profit order below the average entry price on an existing Smart Order
Updated on: 21/07/2024
Thank you!