🔧Account settings
Last updated
Last updated
Before you subscribe, you need to make the appropriate settings on your account.
From the user's dashboard (located on the left-hand side of the screen), you need to select "Signals" and then navigate to "Settings"
The settings page has 3 categories:
BTC (settings for BTC spot trades) USDT (settings for USDT spot trades) USDT FUTURES (settings for USDT futures trades)
In this tutorial we will cover the USDT futures trades because we will focus more on futures trading than SPOT trades. When you click on the USDT FUTURES button the settings you will see the next screen:
Let's explain the two settings: Accept Signals option tells the system to send you USDT Futures trading calls. If you leave this unchecked, then the system will ignore your account when it's ready to launch a trade. To automatically trade, you need to check this option.
Auto start Trades from Signals - if checked, the system will launch for you USDT futures trading signals/calls. Leaving this option unchecked, the system will notify you that a trade has been launched but you need to decide manually whether you want to proceed with the trade.
What is position size?
Position sizing refers to the number of units invested in a particular security by an investor or a trader. An investor's account size and risk tolerance should be taken into account when determining appropriate position sizing. (source: Investopedia)
On CubeBase Trading Engine the minimum position size trading futures is 20$. This means that a user with only 20$ in their account will use it for the 1st trade of their entire balance.
Professional traders always trade with no more than 1% of their capital. Wins and losses will be automatically calculated depending on their position size and the leverage used on a particular trade.
CubeBase Trading Engine will automatically take profits for you. The system will allow you to set up 2 exit targets.
We recommend to use 70% for take profit 1 (target 1) and 30% (for target 2). This means when the asset hits the first target 70% of the position is closed. Usually, the system will move the stop loss after target 1 is hit, meaning that the trade is risk-free even if the price goes in the wrong direction. The rest of the position will be closed at target 2. To save your account settings you need to click the "Save" button.
