Managing your Strategy

How to manage your Strategy

To manage your Strategy, navigate to the 'Manage Strategy' page:

Here you can view your Strategy's statistics such as Total/Today's profit, Strategy performance, Profit/Equity charts for the past day/month/year etc, invest more assets into your Strategy or Close your Strategy.

Once you are ready to begin trading with your Strategy, simply navigate to the Covesting 'Trade' tab, where you will find your Strategy trading terminal:

Strategy Closure and Liquidation

If you wish to close your Strategy, navigate to the 'Manage Strategy' page of your account:

To close your Strategy, you must place a Strategy closure request by clicking the 'Close Strategy' button. When clicking 'Close Strategy', a confirmation prompt will pop up:

After confirming closure, the Strategy will be permanently closed immediately if there are no Strategy followers:

or after 1 hour if there are currently active Followings for this Strategy:

Strategy closure requests can be cancelled within 1 hour prior to their execution. Closure requests of Strategies with no active Followers are executed immediately and can not be cancelled.

Upon Strategy closure, remaining funds, if any, are automatically transferred to the account Wallet.

A Strategy may also be liquidated and closed automatically should profitability drop below -99.99%, in which case Strategy settlements take place and any required payments are made.

Strategy Withdrawals

If you wish to withdraw funds from your Strategy to your Wallet, navigate to the 'Manage Strategy' page of your account and click 'Withdraw':

In the pop-up window fill and confirm the amount of funds that you wish to withdraw to your PrimeXBT account wallet. Currently, the following restrictions apply to withdrawing Equity from a Strategy:

  • Withdrawal restrictions based on current Followers' Equity - for full details regarding this restriction see Manager's Equity lock

  • Withdrawal restrictions while maintaining open positions - Equity can be withdrawn from a strategy ONLY after closing all positions. Decreasing Equity while maintaining open positions results in a decrease in margin level and increase in leverage (Equity to market exposure ratio). This would lead to a rebalancing of the positions of followers and results in an increase in their exposure on the market through the copy-trading mechanism, as well as increase in associated risks. To protect followers from such margin risks in the absence of a manager's trading activity, all positions must be closed before withdrawing Equity.