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Scale in

What is Scale In Node?

The Scale In node allows you to define a rule to add pre-defined amount to your overall position when a pre-defined profit percentage of your existing position is met.

On the below example,

  • We have added 3 Scale In nodes to our strategy,
  • Which will be activated once the profit percentage of our position reaches 1.35%, 2% and 2.5%.
  • When a Scale In is activated, a pre-defined percentage of the total balance will be added to the position.

Suppose our total balance is 1,000$ and our position reaches 1.35% in profit 1. The Scale In will be activated. 2. We will add 300$ or 30% of our balance to our position.

scale in example

Important

  • Keep in mind that the entry price that the strategy position has is a volume weighted average price (VWAP)
  • New additions to the position that happened at a price different from the original entry price will move the entry price.
  • When Scale In is triggered, your original entry price will change, and so the target for your further Scale In's is going to adjust accordingly.