Hi all, I've just started to get myself familiar with trading and came a cross the Binance futures trading bot. I made some profit but I'm stuck with some assumptions. I run neutral and long grit trading bots with a leverage of 20x, BTC/USD, depending on my best guess based on amateur analysis :D
What I don't get my head around:
- When I terminate a bot, I get the "realized profit", right?
- When stop loss is activated I get the "realized profit" I don't loose money in case the "unrealized profit" is deeply in minus but the realized is positive, right?
But sometimes it would be nice to take also the "unrealized profit" rather than waiting until it becomes "realized" (e.g. when I run long, trend is super upwards, unrealized profit goes up and I'm afraid trend will go down soon).
How can I stop the bot, make a final trade to realize also the "unrealized profit"?
Thanks for your help!!!
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