The Add Funds feature lets you increase trade volume and adjust the average entry price while managing a SmartTrade. This can be a powerful tool when used strategically, but be cautious, as improper use may lead to greater losses.
When Should You Use Add Funds?
Averaging Down: If the price moves against your trade, you can add funds to lower your average entry price.
Increasing Trade Volume: If the price starts moving favorably, adding funds allows you to scale up your position and potentially close with a higher profit.
Manual Position Management: Instead of relying solely on automation, you gain more control over position size and risk management.
Important
In SmartTrades (and Signal Bots), adding funds does not automatically adjust the take profit like it does in DCA Bots. You’ll need to update TP manually if you want it closer to the current price.
In SmartTrades created manually or by Signal Bots, executed Add Funds orders update the average entry price.
If Take Profit is set as a percentage, the Take Profit price and order size are recalculated after funds are added.
If Take Profit is set as an exact price, the Take Profit price stays the same, but the Take Profit order size is updated to cover the full position size.
Pending Add Funds limit orders do not affect the average entry price or Take Profit until they are executed.
While adding funds can be useful, blindly adding without a clear strategy or market analysis can worsen losses instead of mitigating them. Use it carefully!
How to Add Funds to a SmartTrade
You can add funds to both:
Created Trades: If the initial order has not yet been executed.
Opened Trades: If the initial order has already executed, additional funds will act like a DCA bot's Averaging Orders.
A. Access the Add Funds Feature
Click the three-dot menu on your active SmartTrade and select "Add Funds".
B. Configure the Add Funds Order
You'll see a settings window with the following options:
1. Amount to Add – Enter the amount of QUOTE currency (e.g., USDT) you want to add. You can:
Type in a custom amount.
Move the slider to adjust.
Use a percentage of available funds.
2. Available Balance – Shows the funds available for adding to the trade.
3. Order Type – Choose:
Market Order (Executes immediately at the current price).
Limit Order (Executes only when the price reaches a set level).
4. Price Setting – (Only for Limit Orders) Set the price level where the Add Funds order should execute.
5. Total Quote Currency – Displays how much QUOTE currency (e.g., USDT) will be spent.
6. Total Base Currency – Shows how much BASE currency (e.g., BTC, ETH) will be purchased.
C. Confirm and Save
Click "Save" to activate the Add Funds order.
Managing Active Add Funds Orders
To view active Add Funds orders:
Expand the trade details by clicking the down arrow next to the trade.
Executed Add Funds Orders
These orders immediately update the SmartTrade average entry price and cannot be canceled or edited.
How executed Add Funds orders affect Take Profit
When an Add Funds order is executed, the SmartTrade average entry price is updated.
Take Profit behavior depends on the Take Profit type:
If Take Profit is set as a percentage, the Take Profit price and order size are recalculated after funds are added.
If Take Profit is set as an exact price, the Take Profit price stays the same, but the Take Profit order size is updated to cover the full position size
Pending Add Funds limit orders do not affect the average entry price or Take Profit until they are executed.
Pending Add Funds Orders (Limit Orders)
These do not affect the average entry price or Take Profit until they are executed.
You can edit or cancel them before they are filled.
Editing a Pending Add Funds Order
1. Click "Edit" on a pending order.
2. Modify any settings (amount, price, etc.).
3. Click "Save" to apply changes.
Key Takeaways
Add Funds helps adjust position size and average entry price dynamically.
Executed Add Funds orders update the SmartTrade average entry price.
If Take Profit is set as a percentage, the Take Profit price and order size are recalculated after funds are added.
If Take Profit is set as an exact price, the Take Profit price stays the same, but the Take Profit order size is updated to cover the full position size.
Pending Add Funds limit orders do not affect the average entry price or Take Profit until they are executed.
Use Add Funds carefully. Adding funds to a losing trade may increase risk.
Executed orders can’t be canceled, but pending orders can be edited or canceled before they are filled.