Once you open the SmartTrade page, the following interface will be displayed:

  1. Exchange account selection. If more than one exchange is connected to the service, you can select the one you need from this list.
  2. Trading pair selection with a search option.
  3. Mode switching between SmartTrade (Buying and planning a sale) and SmartSell (Selling the coins you already have).
  4. Smart Cover. Allows you to sell coins and then buy them back. You can learn more about it here.
  5. Smart Buy. This is essentially the opposite of Smart Sell, which was specifically designed for traders with open short positions on the futures exchanges. The detailed Smart Buy settings are described in this article.
  6. Stop Loss settings.
  7. Take Profit settings.
  8. "Share" button - any person receiving this link will get exactly the same settings.
  9. Create a trade button.

There will be a more detailed description of the SmartTrade and SmartSell sections below, and the step-by-step creation of a deal.

SmartTrade

By default, item 3 on the screenshot is set on "SmartTrade" and it looks like this:

  1. Deposit available for trading on the selected exchange. By clicking on it, you can refresh the data from the exchange.
  2. Number of coins (units) to purchase.
  3. Order type selection.
  4. Price of 1 coin at the moment of purchase.
  5. The total amount of your order.
  6. This allows you to quickly equate the total order amount to X% of the deposit.
  7. TrailingBuy settings for supported exchanges.

SmartSell

When you choose "SmartSell" tab, this is what you see:

  1. Number of available coins for sale. By clicking on it, you can refresh data from the exchange.
  2. Number of units to sell, you can click "Max" to sell all of the available coins.
  3. Here you can change the price which the calculation of profit, losses, Stop Loss, Take Profit will be based on. For example, you bought BTC at a price of 6500 and place an order to sell when its current price is 8500. If nothing is changed here, the calculations will be based on 8500, and this does not reflect the real numbers of your trade.
  4. The current price of the coin in real time, by clicking it, you can set this price as the "Purchase price" (3).
  5. The total volume of your trade at the current price.

Stop Loss

  1. Enable or disable the use of Stop Loss.
  2. Tracking method selection, description of all methods is available in the same section.
  3. Stop Loss trigger price, it is executed when the price reaches or falls below this level.
  4. Stop Loss trigger price selection in % using the input field or the slider.
  5. Enable StopLoss timeout and set its duration in minutes. Description here.
  6. Enable the "Trailing" mechanism, the Trailing Stop Loss description is available in the same section.

Take Profit

  1. Enable or disable the use of Take Profit.
  2. Order type selection.
  3. Take Profit trigger price, it is executed when the price reaches or rises above this level.
  4. Take Profit trigger price in %, set using an input field or the slider.
  5. "StepSell" mode, the description is available here.
  6. Enable the "Trailing" mechanism, the description of Trailing Take Profit is available in the same section.
  7. Trailing deviation settings for the "Trailing" mechanism.

Creating a Smart Trade

Below we will examine two cases of executing a SmartTrade deal:

  1. Buying and planning to sell the coins.
  2. Selling already purchased coins.

Buying and planning to sell

The text below assumes that you have carefully read all the information above. If you haven't done that yet, we highly recommend going back and doing it right now.

  1. Select the exchange you want to trade on.
  2. Select the trading pair.
  3. Switch to the "SmartTrade" mode, if it is not active, adjust the volume and prices.
  4. Enable and adjust Take Profit settings, if needed.
  5. Enable and adjust Stop Loss settings, if needed.
  6. Create a trade.

Selling already purchased coins

  1. Select the exchange you want to trade on.
  2. Select the trading pair.
  3. Switch to the "SmartSell" mode, if it is inactive, adjust the volume and prices.
  4. Enable and adjust Take Profit settings, if needed.
  5. Enable and adjust Stop Loss settings, if needed.
  6. Create a trade.
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