HawkAlpha-Automated Trading Bot Configuration

Example

Using 'closePosition' to exit a trade when a specific profit target is reached, thereby locking in gains.

Scenario

A user can set up a bot to monitor their open positions and execute a 'closePosition' command once the market price hits a predefined profit target, ensuring profits are secured automatically without the need for constant market watch.

Example

Implementing 'noPositionMinutes' to prevent entering new trades during periods of low volatility.

Scenario

This function is applied by configuring a bot to pause trading activities during the night hours when market volatility is typically lower, reducing the risk of executing unfavorable trades.

Example

Setting 'setMaxUsage' to limit the amount of capital allocated to trading activities.

Scenario

Traders can use this feature to ensure that only a specific percentage of their portfolio is used for trading, thereby managing their risk exposure and preventing overallocation of resources to a single market movement.

Example

Using 'start' to initiate a trading bot according to user-defined conditions.

Scenario

A user configures a bot with specific entry, exit, and money management rules. Once these are set, the 'start' command is used to activate the bot, allowing it to begin executing trades automatically based on the predefined strategy.