Smart Sell is the instrument that can help you to create a trade to Sell your assets with advanced tools, like Trailing Take profit, several Take profit steps, Stop Loss to Breakeven, Trailing Stop Loss, etc.
Also, this is a handy instrument to recreate your Failed or Canceled Smart Trades or DCA bots' trades. You can learn this from the article below:
Here are the simple steps to create a Smart Sell trade.
1. Open the SmartTrade page
2. Choose Exchange (1), Market (2), and Trading Pair (3)
Or just simply choose a pair from your favorite pairs list (4).
Choose the pair with the coin that you want to sell.
For example, you want to sell BNB to USDT:
3. Open the Smart Trade tab and enable Use Existing Assets
4. Enter the exact amount of the assets you want to sell into the Units field
Or choose the portion of your total amount of assets:
5. Enter the Price you bought your coins in the Were Bought for Price field
It is used as a starting point for the Take profit, Stop Loss, Profit\Loss percentages.
It will not buy more assets at the entered price here, don't worry!
So the entered price can be higher than the current price, it's normal:
6. Total field
It just displays the total amount of QUOTE currency (USDT) used to buy this amount of BASE currency (BNB).
So 210 USDT was used to buy 1 BNB, which we are selling in our example:
7. Enable Take Profit
Click on the Set Take Profit button:
Here you can edit the following settings:
Choose the order type - Limit or Market. More info is in this article.
Set the price of the Take Profit order. You can either manually input the price or the percentage of TP. To switch between these types, click on the price or % value. In our example, it's 2%.
Set several Take Profit targets. More info about this feature is in this article.
Turn on the Trailing Take Profit feature. More info is in this article.
Here you can see the approximate profit.
Read more about How Take Profit works.
8. Enable Stop Loss (if needed)
Here you can change the following settings:
Choose the order type - Cond. Limit Order or Cond. Market Order. More information about these types is in this article.
Set the Stop Loss order price. You can either manually input the price or the percentage of SL. To switch between these types, click on the price or % value. In our example, it's -3%.
2.a. If you choose Cond. Limit Order type, you will need to specify here the price of the Limit order. This field is not available for Cond. Market Order. You can either manually input the price or the percentage of SL. To switch between these types, click on the price or % value. In our example, it's -3,5%.
Set the Stop Loss timeout if needed. Read more details in this article.
Enable Trailing Stop Loss if needed. Learn more about Trailing Stop Loss.
Enable Move to Breakeven feature if needed. Article SmartTrade: Stop Loss - Move to Breakeven.
Short information about approximate loss and risk/reward ratio.
9. That's it! Now click on the Create Trade button
A confirmation window opens. Check your trade details and confirm by pressing the Confirm button.
10. Scroll down, and there you will find your newly created trade.
As it is a Smart Sell order, it is skipping the buy phase and starting in Own funds status.
