To create a trade where you buy the cryptocurrency at a lower price and expect it to grow and sell it at a higher price (so-called Long trade), use the Smart Long feature (1).

To create a trade where you expect the price to decrease and you want to sell the cryptocurrency at a higher price and buy back at a lower price (so-called Short trade), choose the Smart Short feature (2).

Select ‘Exchange:’ - “Binance Futures” (1), ‘Market:’ - “USDT” (2), ‘Trading Pair:’ - “ETH/USDT” (3):

Currently, the only supported ‘Market’ on Binance Futures is “USDT”, as all Perpetual Futures contracts on Binance Futures are settled in USDT (so you can only gain or lose USDT and must fund your account with USDT in order to trade).

Looking at the ETH_USDT Chart, we can see there may be an opportunity for a scalp trade as ETH has failed to breakout above resistance and has “double-topped” - we will create a Short trade using “Smart Cover” as we can set our Stop Loss at the point of resistance where ETH recently double-topped at approx $237. Our ultimate Profit target goal will be the last strong support where ETH reversed at approx $214.50, we will take profit of 50% of the position at $230, then another 25% of the position at $227, another 15% at $223.50 and leave the last 10% of the position to activate Trailing Take Profit at $220 with 1% trailing deviation.

We will risk $10 of our funds with x25 leverage, so the position size will be:

Funds to risk * Leverage = Position Size

$10 funds * x25 Leverage = $250 Base Order/Position Size:

Click “Smart Cover” to ensure this trade type is selected (1).

TIP: You can review your current Wallet balance here (2), you can also hover your mouse over the Wallet balance to see if you have any funds locked on current orders or live trades. If you “left-click” on the Wallet balance, it will refresh with the latest balance held on the exchange

We set our Leverage according to our Trade Plan, to “Custom” from the dropdown box and slide the control below to “25x” leverage (3).

We will use “Market” (4) to open our trade immediately at the current “Ask” price of the Orderbook (5).

If you want to set a specific price to start the deal, you could choose “Limit” order but be aware that with fast moving price action your order may not fill and be “skipped” by the exchange.

Enter $250 in the Order Size box (6), you could use the preset “percent of wallet” buttons but remember to multiply this by your amount of leverage for the correct Position Size!

Now we’ll set our Take Profit levels by enabling the Take Profit function (1) and setting “Market Order” for each Take Profit step (2):

Going back to our Trade Plan, we set our first Take Profit target of $230 in box (3), click the ‘Add TP target’ button (5), and enter “50%” into the ‘Volume’ box (4), enable ‘Trailing Take Profit’(6), and set the ‘Deviation’ to “1%” (7).

We now click ‘Add TP target’ (5) button again, and enter our other Take Profit areas and Volume from our Trade Plan.

Once you have entered each TP target, your screen should look like this:

Now on to our Stop Loss settings: 

Enable “Stop Loss” by clicking the slider button to turn it “On” (1), choose “Market Order” to close the position immediate as soon as the Stop Loss price is hit (2), enter the Stop Loss price directly in dollar value, or enter a percentage value directly into the “%” box or slide the control to set your preferred Stop Loss value (3).

Review the progress of your trade here (1), you can enter a note (which is remembered after the deal closes and you review the deal history (2), you also have additional Trade Controls, such as “Refresh” (updates the deal immediately), “Add Funds” (can be used to Dollar Cost Average a position by using more funds from your wallet), “Close at Market Price” (will close the position on the exchange with an immediate Market Order whether your deal is in Profit or Loss), “Edit” (allows you to change deal settings, such as enabling or disabling Stop Loss or Trailing Take Profit) and “Cancel” (it is not recommended to use this on Futures trades as this will cancel the deal but the position will remain open on the exchange, you will lose visibility over the position and how near or far it is to liquidation!) (3).

As ETH looks like it is trending up, we’ll try to catch it when it next dips at around $280.

We’ll set the first Take Profit target just under current local resistance at $229 and close 75% of the position.

The remaining 25% of the position we will try to close at $231 but will use Trailing Take Profit set with a -0.25% deviation, in case it breaks resistance with some force.

Stop Loss will be set to just below the last local low of $227.40

$228 TP 1 75% at $229.50, TP 2 $231 trailing stop $227.40 and trailing TP 0.25%

Looking at the ETH_USDT Chart, we can see there may be an opportunity for a scalp trade on a low timeframe (5 minutes) as it is trending up:

Select ‘Exchange:’ - “Binance Futures” (1), ‘Market:’ - “USDT” (2), ‘Trading Pair:’ - “ETH/USDT” (3):

Select “Smart Trade”:

Check your available wallet balance on the Futures exchange (1).

Set your Leverage (2), I will be risking $10 of funds with 25x leverage - this will give me a position size of $250 when the trade opens and the entry order is filled (4).

Choose “Limit” order and enter “$228” as the price we wish to open the position at (3).

Now we need to create Take Profit levels, click “Set Take Profit” and start configuring the Take Profit steps.

Click “Split Targets” (1).

Enter the take profit target 1 from our Trade Plan, “$229.50” and set volume to “75%” (2).

Click “Add TP target” (3), and enter the take profit target step 2 from the Trade Plan, “$231” and volume to “25%”, also enable ‘Trailing Take Profit’ and set this to “-0.25%” (4).

Your Take Profit screen will now display the targets and amount of position to be sold at each step:

Finally we need to set our Stop Loss using our Trade Plan, so we ensure “Market Order” is selected will enter “$227.40” (1), and then click “Create Trade” (2):

“Confirm” your trade if the settings are correct:

Monitor the progress of your trade:

The trade will now wait for price to drop to our entry order price of $228 before creating the position and following our Trade Plan.