The Timestamp field in MagicTradeBot is an optional parameter that sets an execution expiry for a manual trade. It ensures that trades do not remain pending indefinitely and helps prevent stale or outdated trade entries.
1️⃣ How It Works
- When you set a
Timestamp, you define the date and time (ISO-8601 format) by which the trade must execute. - The bot continuously monitors the trade conditions.
- If the conditions are not met before the timestamp, the trade is automatically discarded.
2️⃣ Benefits
- Prevents stale trades: Old trade setups that are no longer relevant to the market are removed automatically.
- Improves efficiency: Keeps the manual trade queue clean and focused only on actionable entries.
- Risk management: Avoids executing trades based on outdated market conditions, reducing unintended exposure.
3️⃣ Best Practices
- Use
Timestampfor time-sensitive trades or when market conditions are expected to change rapidly. - Combine with
ExecuteThresholdPerfectto ensure trades either execute under your conditions or expire safely. - Always specify timestamps in ISO-8601 format for accuracy.
Pro Tip
Think of the Timestamp field as a self-destruct timer for your manual trades. It ensures that trades that no longer make sense in the current market are automatically removed, keeping your manual trade list clean and relevant.