Position creation (settings)
How to open a position:
  1. 1.
    Select position directions (Long or Short or Exchange)
  2. 2.
    Select 1 order or grid of orders
  3. 3.
    Select order type
  4. 4.
    Set up automation modules (Stop Loss, Trailing and Take Profit) or use an already configured template
  5. 5.
    Type the price (if necessary), amount or volume and click the button to create a position.
Let's consider each item in more detail.

1. Long / Short / Exchange

  • New LONG, New SHORT, Exchange (Spot or Margin only), if the position is not yet open
  • LONG and / or SHORT - if a position is already open in that direction.
For Spot Market, only Long positions are possible.
Exchange is used on the Spot and Margin markets in order to exchange one coin for another without making a profit. For example, buy BNB to pay fees.
To the right of the Buy button is a direction switch, by pressing which the order form will switch to sell

2. One order or Grid

At the top of the order creation form there is a switch for one order or a grid of orders:

1 Order

To create an order, you must:
  1. 1.
    enter a Price (for Limit or Stop order)
  2. 2.
    enter a Amount or Volume of order
  3. 3.
    click "New LONG" or "New SHORT"

Scaled grid

• Control

To the right of the "1 order or grid" selection, a grid control block appears if the position has an active grid:

• Settings

1. Sum (Volume) / Amount of all orders in the grid

In the drop-down list, select what will be set: the total Sum (volume) or the total Amount for all orders in the grid. A value is entered in the field on the right (in the screenshot, the value is 100)

2. Levels auto update

Disabled by default.
If you set a timeframe, then at the close of the candle, the distance from the close price (or the maximum value of the candle) to the price of the first order in the grid will be checked, and the system will pull all orders closer to the trend if this distance is greater than the specified one:

3. Amount factor

Regulates sum (volume) distribution in scaled orders. For instance, Factor = 2, then each subsequent order is 2 times larger than the previous one. And if the Factor = 0.5, then each subsequent order is 2 times less than the previous one.
Default Factor = 1, which means even distribution of the quantity between orders.
On the chart, you can visually see a preview of orders with the specified parameters if the amount or sum in the grid is entered.

4.1. Density

Chosen “density” equal to 1 orders will be spread in the grid evenly, if more than one, than orders will grid closer to the last price, if less than 1 then closer to the first price. Chosen “Step” than orders grid will be created from first order price with price equal to
1
Step in % * First order price / 100
Copied!

4.2. Step in %

The order grid will be created with the same step between orders.
The last price is calculated and not edited

5. Number of orders in the grid

Minimum 2 orders, maximum 20

6. First and last price in the grid

The price or % of the beginning and end of orders grid.
On the chart, it is possible to change the prices of extreme orders using the mouse

7. Auto cancellation

You can enable auto-cancellation of the grid of orders after a specified time. If any order is executed in the grid, then auto-cancellation is deactivated.

8. Options for Futures

Click the button "Create grid"

• Editing

You can change the grid in several ways:
  • By dragging orders with the mouse on the chart
  • Changing the price of an order inside a position
  • Editing in the order form, having previously selected S (Scaled grid) and grid number (if there is one grid, then you do not need to select). After editing the parameters, you must click the "Change grid" button

Fibonacci grid

• Control

To the right of the "1 order or grid" selection, a grid control block appears if the position has an active grid:
F must be selected for editing

• Settings

1. Sum (Volume) / Amount of all orders in the grid

In the drop-down list, select what will be set: the total Sum (volume) or the total Amount for all orders in the grid. A value is entered in the field on the right (in the screenshot, the value is 100)

2. Levels auto update

Disable by default.
If you set a timeframe, then at the close of the candle, the closing price (or the maximum value of the candle) will be compared with the price of the edge of the grid, and if the price of the edge becomes less for buying or more for selling, the system will pull up this edge with a rearrangement of all orders in the grid

3. Fibonacci levels

5. Number of orders in the grid

Minimum 2 orders, maximum 20

6. Editing the price when creating a grid

  • In the grid creation form
  • On the chart, dragging the edges of the grid with the mouse

7. Auto cancellation

You can enable auto-cancellation of the grid of orders after a specified time.
If any order is executed in the grid, then auto-cancellation is deactivated.

8. Options for Futures

Click the button "Create grid"

• Editing

There are several ways to change the grid:
  • Dragging the edges of the grid with the mouse on the chart
  • After making changes on the chart, you need to click "Change grid" in the order form
  • Changing the price of an order inside a position
  • Editing in the order form, having previously selected F (Fibonacci grid) and the grid ID (if there is one grid, then you do not need to select). After editing the parameters, you must click the "Change grid" button

3. Order types

In Finandy, it is possible to create a Real and Virtual order.
R (Real) - all types of stock orders + Floating order

Limit order

An stock order that is placed in the order book (increases liquidity) and awaits execution by another market trader.
Futures Fees
If the order was placed in the order book and executed after some time, then a reduced Maker fee = 0.02% is charged.
If, when placing a limit order, the price is placed in the opposite direction, for example, when buying at a price of 100, there is a sell order at this price in the order book, then the limit order will be executed at the market and Taker fee = 0.04% will be charged for it

BUY

Below ↓ current price - the order will be placed on the BID buy order book (create liquidity) and wait for another trader to fill it (sell at the market price).
Above ↑ current price - the order will fill all requests to sell ASK and if there is enough liquidity, it will be filled in full, and if there is not enough, the remainder will be placed in the BID buy order book and will also wait for another trader to fill it.

SELL

Above ↑ current price - the order will be placed on the ASK sell order book (create liquidity) and wait for another user to fill it (buy at the market price).
Above ↑ current price - the order will fill all orders to buy BID and if there is enough liquidity, it will be filled in full, and if there is not enough, the remainder will be placed in the ASK sell order book and will also wait for another user to fill it.
To place an order, you must specify the price and Amount or Sum (volume)

Floating order

Floating Order - limit order with auto offset to the last price in the order book. It is beneficial to use in instruments with a large spread in the order book. And also this type of order can significantly improve the entry price in coins with little liquidity.
Authoring Finandy
Разберем принцип действия на примере покупки 6 MANA в паре MANUSDT. Для входа выбираем F в форме создания ордера и вносим количество 6
Let's analyze the principle of operation using the example of buying 6 MANA in the 6 MANA pair. Select F in the order creation form and enter the amount 6
Bottom SELL price is ASK = 2.2420 Top BUY price is BID = 2.2418 Tick price = 0,0001
Bot create LIMIT order at price BID + 1 Tick price In our example, this is the price = 2.2418 + 0.0001 = 2.2419
If the order has not been fully executed and a limit order of another market participant is placed above our order, then the system with a small timeout set in the settings will move the order above the current price. This will happen until the order is fully executed or canceled, according to the limits set in the settings.
If during permutations the order became less than the minimum, then depending on the setting, the next permutation will be the size = the minimum order, or the order will be canceled or remain at the current price awaiting execution.
The behavior of the system when selling is similar, only the price of the initial order = ASK - 1 Tick price
A floating order allows you to quickly fill an order at the best price!

Settings

Floating order is configured in the Account menu in the Settings / Trading section

- Timeout is for rearranging the order, sec

The rearranging of an order begins after timeout is over, if an order price is not a bottom price in the order book

- Maximum time to fill an order, min

If the maximum awaiting time is reached and order is not filled it will be canceled.

- Maximum price deviation, %

Maximum price deviation in % from the initial, after exceeding it the order will be canceled

- The rearranging of a dust order

Action with a rearranging dust order (order sum is less than minimum)
  • Await till execution
  • Increase to the minimum sum
  • Cancel a dust order

Market order

To create a market order, it is enough to specify the amount or sum (volume) of the order.
After a market buy order is opened, sell orders in the order book (ASK) will be executed starting from the outermost order until the market order is completely filled.
After a market sell order is opened, buy orders in the order book (BID) will be executed starting from the outermost order until the market order is completely filled.
A market order only fills orders (reduces liquidity) placed in the order book and a Taker fee is charged on the Futures market = 0.04%

Stop order

An algorithmic order provided by the Binance exchange.
When the trigger price is reached, a real order will be created.
  • Spot: Stop-Limit order
  • Futures: Stop-Limit and Stop-Market orders
For a Stop-Limit order, you must specify the order price at which the order will be placed when the trigger is triggered.
For example, a buy order is created:
  • Trigger price = 100
  • Order price = 99.5
This setting means that when the price reaches 100, a limit order to buy will be placed in the order book below the current price by 0.5% at the price of 99.5.
By default, the Stop Limit order is supplied with the order price so that when the trigger price is reached, the order will be executed at the market.
Switch on Futures between Stop-Limit and Stop-Market
  • Stop-Limit
  • Stop-Market

Trailing order

Algorithmic order provided by the Binance exchange and available only on Futures.
ATTENTION! To buy, you need to place an order BELOW the current price, and to sell - ABOVE

Algorithm

After the trigger price is reached, trend tracking is activated and the trigger price of a real order will be repositioned following the trend at the distance specified in the Callback rate. If, during a rollback from the maximum point, the price exceeded the distance more than that specified in the Callback rate, then the order will be executed according to the Market.

Virtual order

The logic of the virtual order is similar to the Stop order, that is, the real order will be placed when the trigger price crosses.
Advantages:
  • Does not freeze funds in the wallet
  • Not visible to other traders
  • Can be used to break through resistance lines
  • Does not use exchange limits

• Order types

Upon triggering, a real order of the selected type will be placed:
  • L - Limit
  • F - Floating
  • M - Market

• Trigger

Setting up an event, upon triggering of which a real order will be created:
  • Last price The extreme price of a currency pair is checked. Price changes are checked every 2 seconds.
  • Order book The change of the sell last price in the order book for a buy order and the buy last price in the order book for a sell order are checked. This trigger protects well from false price breakouts (squeezes).
  • Candle Select the timeframe of the candle, the close price of which will be compared with the trigger price.

• Trigger price

When the trigger price is reached, a real order will be created
For the limit type, you need to specify the order price at which the order will be placed when the trigger is triggered.
For example, a buy order is created:
  • Trigger price = 100
  • Order price = 99.5
This setting means that when the price reaches 100, the order will be placed below the current price by 0.5% at the price of 99.5.

4. Automation modules

Trailing (SLX)

Stop loss (SL)

Take profit (TP)

5. Creating an order

When the amount or sum (volume), price are entered and automation modules are configured, it remains to press the button for creating an order / grid

Position settings

The rightmost tab of the order creation form contains position settings, template management, and custom order sizes.

CA cancel on close

If enabled, all averaging orders will be canceled when a position is closed.
If disabled, the position will not be closed and the system will wait for the execution of averaging orders.

Templates

Using templates, you can save different sets of settings for automation modules and order grids.
You need to configure the template on a pair, the position in which is not open
By default, module settings are updated automatically every 5 seconds in template #0.

• Creating a new template.

1. In the list of already existing templates
2. On the position settings tab

• On the position settings tab

  • Template ID Assigned automatically. Displayed in template selection
  • Name Custom name
  • Mask If empty, then the template for all pairs, if the name of the pair is entered, then the template will be displayed in the list of available templates only for this pair
  • Save button
  • Delete button

• Template selection

Below, to the right of the button for creating an order, on any of the tabs of the modules, there is a block with a template selection.
You can select a template only in a NEW (unopened) position
By default, all templates are created with default settings, so after creating a template, you need to select it
Set up modules in all necessary tabs of the order form
and click save changes
Please note that the list does not show templates with a mask that contain a currency pair other than the current one.
Templates with the specified currency pair are displayed separated by a colon, for example: 5 TP + SL + FIBO: BTCUSDT

Custom order volume

When you click on the button, the specified volume or amount of the token will be inserted.

Editing

Editing takes place in the position settings tab
  • Amount
  • Sum (volume)
  • Sum in % (volume in %)
The value is entered in the last column.
In the order form, each type has its own designation

Order book

Above and below the form for creating / setting a position there is a book of orders for sale and purchase.
Columns in the order book:
  1. 1.
    Amount
  2. 2.
    Price
  3. 3.
    Sum (volume)
In the order book, rows are visually tinted depending on their size.
If you have an outstanding order at a price that is shown in the order book, then a dot will be displayed at the beginning of this line.