Tradoflow

How to close a position on Kraken Futures

This guide will walk you through the various methods for closing a position on Kraken Futures using Tradoflow.

Manual close

If you know the exact details of your open position, , you can manually create an opposing template to close or equalize that position using the Template functionality in Tradoflow.

For example, if you hold a long position for XBTUSD with a quantity of 1, you can close it by sending a signal with the following parameters:

{
    "symbol": "XBTUSD",
    "side": "Sell",
    "type": "Market",
    "tif": "gtc",
    "userId": "abc",
    "quantity": "1",
    "event": "placeOrder"
  }

Automatic Close Using the "Close Position" Event

If you are unsure of the exact details of your open position, you can use the "Close position" event in the Template-page. Tradoflow will automatically determine the correct parameters to create an opposing template and close the position.

You simply need to generate the signal:

{
    "symbol": "XBTUSD",
    "userId": "abc"
    "event": "closePosition"
  }

Closing All Positions on Kraken Futures

The third option is to close all open positions on Kraken Futures using the "Close All Positions" button available on the Connections- page in Tradoflow. Use this option with caution, as it will close all of your open positions simultaneously.