Webhook feature for future trading should have syntax or paramter that could support reverse position, update position. It should be possible to set/update SL, TP through signa's message.
reverse -> This paramter will use to close active position and open a new position in opposite side or specific side from syntax or paramter.
update -> This paramter will use to update active position, for example update SL, update TP, ...
These feature is available by Zignaly.
You can check from here help.zignaly.com/en/articles/6573930-signal-parameters
Hope you will consider to make it available in the platfrom asap.
Reverse signal is currently under development.
It is already possible to set the SL, TPs and DCA through an open signal. But not yet to modify a position.
You can also close a position using a signal ("action": "Close")--see our documentation on webhook signals.
We are also developing a signal for increasing position size.
will be great to have webhook to reduce position size ,i.e take profit and closing the position without rebuy/resell action.
One thing that is limiting with the existing setup is when a trader has a deep DCA schedule where it doesn't normally hit all of them but if it does fall quick you want to be able to pick up the buys or sells depending on the side. Limit orders for all DCAs can easily max out a wallet that could support more trades if the DCAs were in series and only put the next one in order as a limit order on the exchange.
Typically I will open 5 or 6 trades and manage the open trades. If a trade falls 5 DCAs then I start to sell off the other positions to support the bottom of the deepest loss trade.
A method to increase position sizes add DCAs via a webhook as well would be great