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:

How to recreate Failed or Canceled trades using SmartTrade tools?

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 Sell tab

3. 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:

4. 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:

5. Total field just displays the total amount of QUOTE currency (USDT) used to buy this amount of BASE currency (BNB)

So 254 USDT was used to buy 1 BNB, which we are selling in our example:

6. Now it's time to Set the Take profit

7. Choose Limit Order or Market Order type

Limit Order type - the Take profit order will be placed in the exchange's order book beforehand.

Market Order type - the Take profit order will be executed at market price when the conditional price you entered (on the next step) is reached.

If you choose the Market Order type, you will need to choose the price type:

  • Bid - the price should reach the best BUY price (usually, it's green and on the bottom of the order book).

  • Ask - the price should reach the best SELL price (usually, it's red and on the top of the order book).

  • Last - the Take profit order will be executed if the conditional will be traded.

8. Set the Take profit price

You can manually enter the price, use the slider or type in the Take profit percent:

9. Split Targets

If you recreate the Canceled or Failed trade, you don't really need it.

But if you want to use it, here is how it looks:

This feature allows you to set up up to 8 Take profit targets.

You can choose the size of the order and the Take profit percent:

10. Trailing Take Profit

This article will explain in detail how this feature works.

If you enabled Split Targets then the Trailing feature will be applied only to the last target.

You also need to set up the trailing deviation.

11. Now you can Set Stop Loss up if you need it

12. Choose the order type

NOTE:

The Stop Loss order will not be placed on the exchange beforehand!

Cond. Limit Order - the order will be placed on the exchange order book when the price meets Stop Loss conditions.

Cond. Market Order - the order will be executed at market price when the price meets Stop Loss conditions.

13. Enter the Stop Loss order price

If you choose Cond. Limit Order, there can be a tricky part.

Please try not to enter the same conditional price and the Order price because if the price moves fast enough and reaches the conditional price (243.8 in our example), the trade will place a Limit order at the same price of 243.8. By the time the Limit order is placed, the price can move further down, and thus, the Limit Stop Loss order may never be executed!

You can also choose the price type between Ask, Bid, and Last.

14. Stop Loss timeout

More detailed information you can find in this article:

SmartTrade: Stop Loss timeout

15. Trailing Stop Loss

More detailed information you can find in this article:

Trailing Stop Loss: follow the trend

16. Move to Breakeven

More detailed information you can find in this article:

SmartTrade: Stop Loss - Move to Breakeven

17. 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.


18. 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.

Did this answer your question?