positions

You automate stop-loss and take-profit orders by configuring a position management skill to monitor real-time price feeds and execute exit rules automatically. This prevents manual errors and removes emotional trading decisions.

Trailing stop-loss automation dynamically adjusts exit prices as markets move favorably, protecting profits while limiting downside risk. You need it when managing futures contracts or volatile assets where manual position monitoring is impractical.

Yes, you can scale out of positions by configuring partial exits that close portions of your trade at different price levels. This secures profits incrementally while leaving the remaining position open for potential further market gains.

Automated position management supports execution across various trading platforms and market types, provided you integrate it with trading execution modules and real-time price feeds for dynamic order adjustments.

To set a stop-loss for a specific position ID, invoke the position management skill with the target identifier and the desired trigger price. The system monitors the real-time price feed and executes the exit order automatically.

The main limitation of automating risk management is the strict dependency on continuous real-time price feeds and trading execution modules. If market connectivity drops, dynamic trailing stops and automated take-profit orders cannot adjust properly.