Strategy Settings
Configure entry strategies, exit strategies, order timing, position sizing, and scheduling for your Playground strategies. Learn how to optimize your strategy settings for different market conditions.
Entry Configuration
Entry configuration determines how you enter positions when your strategy conditions are met.
Simple Entry
Place a single limit order at your specified price.
- •Entry Price — Price in cents (1-99¢). Example: 30 = $0.30 per share
- •Order Size — Calculated automatically based on your budget per trade
- •Example — Budget $10, entry 30¢ → Buy 33 shares at $0.30 each
- •Best For — Simple strategies with single entry point
Entry Ladder (Split Entry)
Split your entry across two price levels to average in gradually.
- •Price 1 — First entry price in cents (e.g., 10¢)
- •Percent 1 — Percentage of budget to spend at Price 1 (e.g., 30%)
- •Price 2 — Second entry price in cents (e.g., 15¢)
- •Percent 2 — Remaining budget (automatically calculated, e.g., 70%)
- •Example — Budget $20: $6 at 10¢ (60 shares), $14 at 15¢ (93 shares)
- •Best For — Dollar-cost averaging, reducing entry risk
Market Orders
Execute immediately at the best available price (not recommended).
- •Execution — Fills immediately at current market price
- •Slippage Risk — May fill at worse price than expected, especially in low liquidity
- •Use Case — Only for strategies requiring immediate execution
- •Recommendation — Use limit orders for better price control
Exit Configuration
Exit configuration determines how you take profits when your position moves in your favor.
Simple Exit
Place a single sell order at your target price.
- •Exit Price — Price in cents (1-99¢). Example: 99 = $0.99 per share
- •Order Size — Sells all shares acquired on entry
- •Example — Bought 100 shares → Sell 100 shares at 99¢
- •Best For — Simple take-profit strategies
Partial Exit (Scaled Exit)
Take profits at multiple levels to lock in gains while leaving room for larger moves.
- •Price 1 — First exit price in cents (e.g., 40¢)
- •Percent 1 — Percentage of shares to sell at Price 1 (e.g., 50%)
- •Price 2 — Second exit price in cents (e.g., 99¢)
- •Percent 2 — Remaining shares (automatically calculated, e.g., 50%)
- •Example — Bought 100 shares: Sell 50 at 40¢, sell 50 at 99¢
- •Best For — Locking in quick profits while leaving runners
Exit Order Placement
Exit orders are placed automatically after your entry fills:
- •Automatic Placement — System places exit orders within seconds of entry fill
- •No Manual Action — You don't need to monitor or place exit orders manually
- •Guaranteed Execution — Exit orders remain active until filled or market closes
- •Settlement — If exit doesn't fill, shares settle at market resolution ($1 if correct, $0 if wrong)
Order Timing
Control when orders are placed and automatically cancel unfilled orders to avoid stale positions.
Immediate Placement (Default)
Orders are placed as soon as your strategy conditions are met at market open.
- •Timing — Placed within seconds of market open
- •Best For — Capturing initial price action
- •Risk — May experience higher volatility at market open
Delayed Placement
Wait X minutes after market open before placing orders.
- •Place After Open — Wait X minutes after market opens (e.g., "place 5 minutes after open")
- •Place Before Close — Place X minutes before market closes (e.g., "place 2 minutes before close")
- •Max Delay (15m markets) — Up to 14 minutes (leave 1 minute to fill)
- •Max Delay (1h markets) — Up to 59 minutes (leave 1 minute to fill)
- •Best For — Avoiding initial volatility, waiting for direction to clarify
Auto-Cancel
Automatically cancel unfilled orders after a specified time to avoid stale positions.
- •Cancel After Open — Cancel if not filled X minutes after market open (e.g., "cancel after 30 minutes")
- •Cancel Before Close — Cancel X minutes before market close (e.g., "cancel 5 minutes before close")
- •Validation — Cancel time must be after placement time
- •Best For — Preventing orders from filling at unfavorable times
Dynamic Direction Selection
For "UP AND DOWN" strategies, buy whichever side is favored at placement time.
- •How It Works — At placement time, system checks order book prices
- •Selection Logic — Buys whichever side (UP or DOWN) has price > 50¢ (the "favored" side)
- •Requirements — Must use delayed placement + UP AND DOWN direction
- •Example — Wait 10 minutes, then buy whichever side is winning
- •Best For — "Scoop the winner" strategies that ride momentum
Position Sizing
Control how much capital to risk per trade and set limits to protect your account.
Budget Per Trade
The amount you want to spend on each trade when your strategy triggers.
- •Minimum — Calculated based on assets, direction, and entry ladder (typically $5-$20)
- •Example (Simple) — 1 asset, UP direction, simple entry = $5 minimum
- •Example (Complex) — 4 assets, UP AND DOWN, entry ladder = $40 minimum (4 × 2 × 2 × $5)
- •Recommendation — Start with $10-20 per trade while testing your strategy
Maximum Position Limits (Optional)
Set limits on position size to control risk exposure.
- •Max Position Shares — Maximum number of shares to hold in a single position
- •Max Position Dollar — Maximum dollar value of a single position
- •Use Case — Prevent oversized positions in volatile markets
Scheduling
Control when your strategy is active by setting trading days and hours.
Trading Days
Choose which days of the week your strategy should trade.
- •Options — Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday
- •Default — All days (24/7 trading)
- •Example — Only trade Monday-Friday (skip weekends)
- •Use Case — Avoid trading during low-liquidity periods
Trading Hours
Set active hours for your strategy (in UTC timezone).
- •Start Time — Hour to start trading (e.g., 08:00 UTC)
- •End Time — Hour to stop trading (e.g., 20:00 UTC)
- •Default — 24/7 (no time restrictions)
- •Example — Only trade during US market hours (14:30-21:00 UTC)
- •Use Case — Align with specific market sessions or your availability
Multi-Asset Trading
Trade multiple cryptocurrencies with a single strategy for diversification.
Supported Assets
- •BTC (Bitcoin) — Most liquid, typically highest volume
- •ETH (Ethereum) — Second most liquid, high correlation with BTC
- •SOL (Solana) — More volatile, lower correlation with BTC/ETH
- •XRP (Ripple) — Different price dynamics, good for diversification
How Multi-Asset Works
When you select multiple assets, your strategy evaluates conditions for each asset independently:
- •Independent Evaluation — Indicators are calculated separately for each asset
- •Independent Execution — If BTC meets conditions but ETH doesn't, only BTC trades
- •Budget Split — Your budget per trade is split equally across assets that trigger
- •Example — Budget $20, 2 assets trigger → $10 per asset
Budget Requirements
Multi-asset strategies require higher minimum budgets:
- •1 Asset — $5 minimum (1 × $5)
- •2 Assets — $10 minimum (2 × $5)
- •3 Assets — $15 minimum (3 × $5)
- •4 Assets — $20 minimum (4 × $5)
- •With Entry Ladder — Double the minimum (2 orders per asset)
- •With UP AND DOWN — Double the minimum (2 directions per asset)
Bidirectional Trading (UP AND DOWN)
Trade both UP and DOWN directions with a single strategy, optionally with different conditions for each side.
How It Works
- •Direction: UP — Buys YES tokens (bet on price increase)
- •Direction: DOWN — Buys NO tokens (bet on price decrease)
- •Direction: UP AND DOWN — Can buy both YES and NO tokens based on conditions
Shared Conditions
Use the same conditions for both UP and DOWN trades:
- •Example — Indicator: MARKET OPEN, Condition: MARKET OPEN = 1
- •Behavior — Buys both YES and NO tokens every market open
- •Use Case — Market-neutral strategies, volatility plays
Direction-Specific Conditions
Set different conditions for UP vs DOWN trades:
- •UP Conditions — Conditions that must be met to buy YES tokens (e.g., RSI < 30)
- •DOWN Conditions — Conditions that must be met to buy NO tokens (e.g., RSI > 70)
- •Independent Logic — Each side can use AND/OR logic independently
- •Example — Buy UP when RSI < 30, buy DOWN when RSI > 70
- •Use Case — Regime-based strategies, mean reversion from both sides
Budget Requirements
UP AND DOWN strategies require double the minimum budget:
- •UP or DOWN only — $5 minimum (1 order)
- •UP AND DOWN — $10 minimum (2 orders: 1 YES, 1 NO)
- •With Entry Ladder — $20 minimum (4 orders: 2 YES ladder rungs, 2 NO ladder rungs)
