The price flashing on the chart is just a snapshot—it's not a guarantee for your trade execution. 🧐
Understanding the gap between the expected entry and the actual fill price is crucial for automated traders. 🤖
When reviewing trades executed by WolfBot, always check these three things:
1. Did the fill price stay within your predetermined slippage budget?
2. Was the position fully filled, and is the recorded size correct?
3. Does the exchange record match the bot's log for both quantity and fees?
For a robust system, a bot must handle three key real-world scenarios:
* Slippage during market orders.
* Partial fills (when an order executes in pieces).
* Connection issues (like rejected or timed-out requests). ⚠️
If slippage consistently exceeds what your strategy can absorb, the solution is often not a faster bot, but adjusting your strategy. Consider using limit orders, reducing order size, or avoiding trades during known high-volatility news spikes. 📉
Ultimately, treat all fills as data points for daily review. Logging and analyzing these numbers—rather than focusing on single bad candles—is what dictates necessary strategy adjustments. 📊
For a deeper dive into managing these dynamics, check out this guide: https://community.wolfbot.io/docs/fast-markets-and-fills
#CryptoAutomation #TradingBot #Slippage #AlgorithmicTrading #CryptoTrading
Understanding the gap between the expected entry and the actual fill price is crucial for automated traders. 🤖
When reviewing trades executed by WolfBot, always check these three things:
1. Did the fill price stay within your predetermined slippage budget?
2. Was the position fully filled, and is the recorded size correct?
3. Does the exchange record match the bot's log for both quantity and fees?
For a robust system, a bot must handle three key real-world scenarios:
* Slippage during market orders.
* Partial fills (when an order executes in pieces).
* Connection issues (like rejected or timed-out requests). ⚠️
If slippage consistently exceeds what your strategy can absorb, the solution is often not a faster bot, but adjusting your strategy. Consider using limit orders, reducing order size, or avoiding trades during known high-volatility news spikes. 📉
Ultimately, treat all fills as data points for daily review. Logging and analyzing these numbers—rather than focusing on single bad candles—is what dictates necessary strategy adjustments. 📊
For a deeper dive into managing these dynamics, check out this guide: https://community.wolfbot.io/docs/fast-markets-and-fills
#CryptoAutomation #TradingBot #Slippage #AlgorithmicTrading #CryptoTrading