The Smart Trade is designed to help you plan to Buy & Sell at the same time. You can set up Stop Loss and Take Profit conditions at the same time, even before the coin is purchased.
You can access it via the left-side menu or by clicking on this link.
The interface is described in this article.
Let's create a sample trade, that's easy. We will set up a deal with Limit buy, Take Profit +2%, and Stop Loss -3%. You can easily adjust the example to create your trades.
The first Smart Trade
1. Choose Exchange, Market and Trading Pair
In our case, it will be Demo account and BNB/USDT.
2. Enter the values of the purchasing order parameters
You can enter the following values:
You can switch to Smart Sell here.
Amount of the coins that you want to buy. Let's make it 2 BNB.
Order type; it can be:
Limit - it will be placed in the order book. More info here.
Market - the order will be executed at market price. More info here.
Cond. - Conditional order with specified conditions. More info here.
Price of the Limit or Cond. order from p.2 above.
Enable or disable the Trailing Buy feature. If enabled the order type will automatically change to Cond., and the conditional price will trigger the traling later.
Amount of QUOTE currency (USDT in our example) that you want to spend to buy BASE currency (BNB in our example).
3. 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.
4. 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.
5. Click Create Trade
Review the settings and click Confirm
That's it! Our first Smart Trade has been created! Obviously, you can change the settings as you wish, here it was just an example.
6. Review your created Smart Trade
To learn more about tracking active deals, please visit this article: