Auto Takeover
Take over positions you opened manually on the exchange: the system manages the exit by preset rules—take-profit, stop-loss, profit protection, max holding time—so you don't have to set every order by hand. Covers use cases and key configuration.
Auto Takeover takes over manual positions you've already opened on the exchange: after you open a position manually (e.g. based on a discretionary read), the system can apply preset take-profit / stop-loss, profit protection, max holding time, etc., and manage those positions in a rule-based way without you watching the screen or setting stops / targets order by order. Taken-over positions are treated as "managed orders" by the system; the execution logic is similar to bots in Live Trading, except it starts from positions you already have rather than from a bot opening them. Exact takeover scope, parameters, and entry points are defined by the system; this page covers typical use cases and configuration tips. For concepts see Trading Basics; for risk basics see Risk Management.
Typical use cases
| Scenario | Description |
|---|---|
| Manage manual entries | You open manually on the exchange (e.g. discretionary), then let the system manage exits and risk with fixed stop/target, profit protection exit, etc., instead of watching manually. |
| Quick takeover of a chance | You see an opportunity and open quickly on the exchange, then enable auto takeover so that position is under the same risk and stats (e.g. unified stop/target, max hold time). |
| Manage many manual positions | Apply the same takeover rules (stop/target, profit protection exit, max hold time) to multiple manual positions so the system manages them and you avoid forgetting a stop or leaving positions unattended. |
Taken-over orders appear in the system as “taken over”; exact labels and fields depend on the UI; you can view and manage them in the takeover order list.
Configuration (per system UI)
When configuring auto takeover you typically set “how to take over” and “rules after takeover,” including (exact items depend on the system):
| Item | Description and tips |
|---|---|
| Take-profit / stop-loss ratios | Set fixed-ratio take-profit and stop-loss for taken-over positions—e.g. close at X% profit or stop out at X% loss; we recommend keeping these aligned with, or slightly more conservative than, the per-pair execution config of bots on the same account. |
| Profit protection / floating-PnL give-back | For positions already in profit, set the max give-back (e.g. exit when floating profit gives back X%) to avoid large profit reversals; tune by instrument volatility and history. |
| Max holding time | Max time to hold a taken-over position—after which the system auto-closes or alerts—to avoid "zombie" positions that drag on forever. |
| Takeover delay / rate limit | Delay between detecting a manual position and actually taking it over, and the max number of simultaneous takeovers, to prevent grabbing too many manual orders at once in extreme markets. |
| Notifications | How you're notified on takeover success / failure, exits, or errors—configure in Notification Config so you find out in time. |
Takeover parameters affect live risk exposure and exit behavior; we recommend validating with small positions first to make sure the takeover rules match expectations, then using them on larger positions.
Usage tips
- Start small: when using Auto Takeover for the first time, start with small or non-critical positions to confirm that the takeover logic (stops / targets, profit protection, max holding time) behaves as expected.
- Match or stay more conservative than the execution config: keep the takeover stop / target and give-back parameters aligned with, or slightly more conservative than, the execution config of bots on the same account, so manual positions don't carry more risk than strategy ones.
- Regular review: check the takeover rules and their actual effect on a regular basis; use Trade Statistics and Monitor to review the P&L distribution and drawdowns of taken-over positions and adjust parameters when needed.
- Watch for failures: if a takeover fails or behaves abnormally (per system messages), check the exchange / API status and configuration in time, and avoid taking over large positions until the issue is resolved.
Common questions
Which positions are taken over? Usually only manual positions that meet the criteria—e.g. open positions on a specified exchange, account, or pair; the exact scope follows the system configuration. Some systems support filtering candidate positions by pair, direction, or minimum size.
What does the system do after takeover? Once taken over, the system manages the position by the configured stop / target, profit protection, max holding time, etc.; whether the system is allowed to add to / reduce the position, only manage the exit, or only alert depends on the actual product capabilities.
Does Auto Takeover support paper trading? No—Auto Takeover targets manual positions held on the exchange in live trading and has no paper environment. We recommend validating the rules with small live positions first, then scaling up.
What if takeover fails? On failure (e.g. exchange API error, order-state change), the system usually surfaces an error or alert; check the exchange / API status and configuration, and retry only after the issue is resolved.
Next steps
- Risk Management — Risk controls and drawdown limits
- Execution Config — Stops, targets, position, max drawdown
- Notification Config — Alerts and notifications
- Live Trading — Live preparation and monitoring
- Monitor, Trade Statistics — Performance monitoring and review