333 lines
11 KiB
Markdown
333 lines
11 KiB
Markdown
# Trading Guide
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This guide explains how to trade cryptocurrencies using Crypto Trader.
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## Trading Modes
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### Paper Trading
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Paper trading allows you to practice trading with virtual funds without risking real money.
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- Default starting capital: $100 USD
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- All trades are simulated
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- Perfect for testing strategies
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- No real money at risk
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### Live Trading
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Live trading executes real orders on connected exchanges.
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- Requires exchange API keys with trading permissions
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- Real money is at risk
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- Always test strategies in paper trading first
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- Use risk management features
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## Autopilot Modes
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The Autopilot feature provides autonomous trading signal generation with two distinct modes, each optimized for different use cases and user preferences.
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### Pattern-Based Autopilot
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**What it does**: Detects technical chart patterns (Head & Shoulders, triangles, wedges, etc.) and combines them with sentiment analysis to generate trading signals.
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**How it works**:
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- Uses geometric pattern recognition to identify 40+ chart patterns
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- Analyzes news headlines using FinBERT for market sentiment
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- Generates signals when patterns align with sentiment
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- Rule-based logic: Pattern + Sentiment Alignment = Signal
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**Best for**:
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- Users who want transparency and explainable decisions
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- Users who understand technical analysis
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- Users who prefer immediate setup without training data
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- Users who want lightweight, fast execution
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**Key Features**:
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- ✅ Transparent and explainable - you can see exactly why each signal was generated
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- ✅ No training data required - works immediately
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- ✅ Fast and lightweight - minimal resource usage
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- ✅ Pattern recognition for 40+ chart patterns
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- ✅ Real-time sentiment analysis
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**Tradeoffs**:
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- ❌ Less adaptive to market changes (fixed rules)
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- ❌ Requires both pattern and sentiment alignment for signals
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### ML-Based Autopilot
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**What it does**: Uses machine learning to analyze market conditions and automatically select the best trading strategy from available strategies.
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**How it works**:
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- Analyzes current market conditions (volatility, trend, volume, etc.)
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- Uses ML model trained on historical performance data
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- Selects optimal strategy based on market regime
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- Can auto-execute trades when confidence is high
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**Best for**:
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- Users who want adaptive, data-driven decisions
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- Users who don't need to understand every decision
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- Advanced users seeking performance optimization
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- Users with sufficient historical data for training
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**Key Features**:
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- ✅ Adapts to market conditions automatically
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- ✅ Learns from historical performance
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- ✅ Optimizes strategy selection
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- ✅ Market condition analysis
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- ✅ Performance tracking and learning
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**Tradeoffs**:
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- ❌ Requires training data (needs historical trades)
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- ❌ Less transparent (ML model decisions are less explainable)
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- ❌ More complex setup (model training required)
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### Choosing the Right Autopilot Mode
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Use this decision guide to select the appropriate mode:
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**Choose Pattern-Based if**:
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- You want to understand every trading decision
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- You prefer transparent, explainable logic
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- You want immediate setup without waiting for training data
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- You understand technical analysis patterns
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- You want lightweight, fast execution
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**Choose ML-Based if**:
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- You want adaptive, data-driven decisions
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- You have sufficient historical trading data
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- You want the system to learn and optimize automatically
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- You don't need to understand every decision
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- You want maximum performance optimization
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### Mode Comparison
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| Feature | Pattern-Based | ML-Based |
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|---------|--------------|----------|
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| **Transparency** | High - All decisions explainable | Low - ML model decisions less transparent |
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| **Adaptability** | Low - Fixed rules | High - Learns and adapts |
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| **Setup Time** | Immediate - No setup required | Requires training data collection |
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| **Resource Usage** | Low - Lightweight | Medium - ML model overhead |
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| **Training Data** | Not required | Required |
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| **Pattern Recognition** | Yes (40+ patterns) | No (uses strategies) |
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| **Sentiment Analysis** | Yes (FinBERT) | No |
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| **ML Strategy Selection** | No | Yes |
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| **Auto-Execution** | Configurable | Configurable |
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### Auto-Execution
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Both autopilot modes support auto-execution, which can be enabled independently of mode selection.
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**What is Auto-Execution?**
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- When enabled, the autopilot will automatically execute trades based on generated signals
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- Trades are executed according to risk management rules
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- You can monitor all auto-executed trades in the Trading page
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**Safety Considerations**:
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- ⚠️ **Warning**: Auto-execution will automatically execute trades with real money (if not in paper trading mode)
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- Always test in paper trading mode first
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- Set appropriate risk limits before enabling
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- Monitor auto-executed trades regularly
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- Start with small position sizes
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**How to Enable/Disable**:
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1. Go to the Dashboard page
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2. Find the Autopilot Configuration section
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3. Toggle the "Auto-Execute" switch
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4. Confirm when prompted (first time only)
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**Monitoring Auto-Executed Trades**:
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- All auto-executed trades appear in the Trading page
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- Check the Order History tab to review executed trades
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- Monitor positions in the Positions tab
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- Review autopilot status in the Dashboard
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### Switching Between Modes
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You can switch between autopilot modes at any time:
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1. Stop the current autopilot (if running)
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2. Select the desired mode in the Autopilot Configuration section
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3. Configure mode-specific settings
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4. Start the autopilot in the new mode
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**Note**: You cannot run both modes simultaneously for the same symbol. Stopping one mode before starting another is required.
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## Manual Trading Interface
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The Trading page provides a comprehensive interface for manual order placement and management.
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### Accessing the Trading Page
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1. Click on **Trading** in the navigation menu
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2. The page displays:
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- Account balance and summary
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- Open positions (card view)
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- Active orders table
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- Order history table
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### Placing Orders
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#### Market Orders
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Market orders execute immediately at the current market price.
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1. Click **Place Order** button
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2. In the order dialog:
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- Select **Exchange** from dropdown
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- Select **Symbol** (e.g., BTC/USD)
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- Choose **Side** (Buy or Sell)
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- Select **Order Type**: Market
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- Enter **Quantity**
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3. Click **Place Order**
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The order will execute immediately. You'll see a success notification and the order will appear in the Active Orders table.
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#### Limit Orders
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Limit orders execute only when the price reaches your specified limit.
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1. Click **Place Order** button
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2. Select **Order Type**: Limit
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3. Enter **Price** (required for limit orders)
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4. Enter **Quantity**
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5. Click **Place Order**
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The order will appear in Active Orders and execute when the price reaches your limit.
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#### Advanced Order Types
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**Stop Loss**: Automatically sells if price drops below threshold
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- Select "Stop Loss" order type
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- Enter stop price
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- Enter quantity
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**Take Profit**: Automatically sells when profit target is reached
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- Select "Take Profit" order type
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- Enter target price
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- Enter quantity
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**Trailing Stop**: Adjusts stop price as price moves favorably
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- Select "Trailing Stop" order type
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- Enter initial stop price
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- Enter quantity
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**OCO (One-Cancels-Other)**: Places two orders, one cancels the other when filled
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- Select "OCO" order type
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- Configure both orders in advanced options
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**Iceberg**: Large order split into smaller visible orders
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- Select "Iceberg" order type
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- Configure in advanced options
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## Managing Positions
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### Viewing Positions
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Positions can be viewed in two places:
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1. **Trading Page - Positions Tab**:
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- Card-based view showing all open positions
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- Each card displays:
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- Symbol
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- Quantity
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- Entry price
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- Current price
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- Unrealized P&L (with percentage)
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- Realized P&L
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- Position value
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2. **Portfolio Page**:
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- Detailed portfolio view with allocation charts
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- Same position cards with close functionality
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### Closing Positions
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1. Navigate to **Trading** page and select **Positions** tab, or go to **Portfolio** page
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2. Find the position card you want to close
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3. Click **Close Position** button on the card
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4. In the close dialog:
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- Choose order type (Market or Limit)
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- For limit orders, enter the limit price
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5. Click **Close Position** to confirm
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The position will be closed and removed from your open positions. You'll receive a notification when the order is filled.
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## Order Management
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### Viewing Orders
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The Trading page has three tabs for order management:
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1. **Positions Tab**: Shows all open positions with detailed P&L information
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2. **Active Orders Tab**: Displays all pending, open, and partially filled orders
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- Shows order details: time, symbol, side, type, quantity, price, fill status
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- Real-time updates as orders are filled or canceled
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3. **Order History Tab**: Shows completed, canceled, rejected, and expired orders
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- Includes filled quantity, average fill price, and fees
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- Limited to most recent 50 orders
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### Canceling Orders
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1. Navigate to **Trading** page
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2. Select **Active Orders** tab
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3. Find the order you want to cancel
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4. Click the **Cancel** button (red X icon) in the Actions column
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The order will be canceled immediately and moved to Order History. You'll receive a notification confirming the cancellation.
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### Order Status Indicators
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Orders are color-coded by status:
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- **Green (Filled)**: Successfully executed
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- **Yellow (Pending/Open/Partially Filled)**: Waiting to be filled
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- **Red (Cancelled/Rejected/Expired)**: Failed or canceled orders
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## Best Practices
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1. **Start with Paper Trading**: Always test strategies first
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2. **Use Risk Management**: Set stop-losses and position limits
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3. **Monitor Positions**: Regularly check your open positions
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4. **Start Small**: Begin with small position sizes
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5. **Keep Records**: Review your trading history regularly
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## Fees
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Trading fees are automatically calculated and deducted:
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- **Maker fees**: Lower fees for limit orders that add liquidity
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- **Taker fees**: Higher fees for market orders
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- Fees vary by exchange
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### Paper Trading Fee Simulation
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For paper trading, you can simulate different exchange fee structures:
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1. Go to **Settings → Paper Trading**
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2. Select **Fee Model (Exchange)** from the dropdown:
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- **Default**: 0.1% maker / 0.1% taker
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- **Coinbase**: 0.4% maker / 0.6% taker
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- **Kraken**: 0.16% maker / 0.26% taker
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- **Binance**: 0.1% maker / 0.1% taker
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3. Click **Save Settings**
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The current fee rates display shows:
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- Maker fee rate
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- Taker fee rate
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- Estimated round-trip cost (buy + sell)
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This helps you understand how fees impact your trading strategy profitability before going live.
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## Troubleshooting
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**Order not executing?**
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- Check exchange connection
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- Verify API permissions
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- Check account balance
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- Review order parameters
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**Position not showing?**
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- Refresh the portfolio view
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- Check database connection
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- Review application logs
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