The Add Funds feature lets you manually increase trade volume and adjust the average entry price at any time. 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.
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 adjust the entry price and cannot be canceled or edited.
Pending Add Funds Orders (Limit Orders)
These do not affect the entry price until 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 entry price dynamically.
Use it strategically. Blindly adding funds to a losing trade may increase risk.
Executed orders can’t be canceled, but pending orders can be adjusted.