Hello, is there an option to increase MAX_NUM_ORDERS.
Currently, I’m trading one currency ETHUSDT, I have a strategy that opens about 5-10 trades per day, though these trades can be active for few days. Currently limit for ETHUSDT MAX_NUM_ORDERS = 10 orders.
The problem that I’m facing is that I can have only 5 open trades at a time with different stop loss and take profit.
For example, I would open 5 trades
12:00 i open buy order at price 1868 with Take profit 1910 and stop loss 1700
13:00 i open buy order at price 1865 with Take profit 1945 and stop loss 1712
14:00 i open buy order at price 1845 with Take profit 1923 and stop loss 1765
15:00 i open buy order at price 1887 with Take profit 1934 and stop loss 1745
16:00 i open buy order at price 1823 with Take profit 1905 and stop loss 1732
a this moment I have 5 trades with 5 different TP and SL.
I can open another trade and increase my trading quantity, but I’m limited to 5 open SL and TP
if I try to open a new order, I have to modify my stop losses and take profits or do not open any trades at all.
This is an issues for me
- because I want to open trades every time my strategy sees an opportunity
- I do not want to modify take profit and stop loss every time, because I keep increasing my margin with other trades, while older trades are not closing since I keep modifying their TP and SL.
- Such limitation forces me to use only 1 strategy if I want to use long-term strategy with TP 10% and another short-term strategy with 2% SL, I simply cannot, because I will overwrite SL for different strategies.
Increasing MAX_NUM_ORDERS would allow me to have 10-20-30 open trades at different points in time with individual SL and TP, which would work independently from each other.
I’m using Binance Futures API