Trailing Stop Loss

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Trailing Stop Loss (TS) is a powerful tool designed to help you secure profits while minimizing potential losses. Unlike a standard stop loss, TS dynamically adjusts as the asset's value increases, allowing you to capitalize on upward trends while protecting your investment from significant downturns.

How It Works:

  • Activation: Turn on TS by tapping the red button 🔴 to switch it to green 🟢.
  • Set Your Percentage: Define the percentage decrease from the asset's highest value at which the bot will automatically sell. For example, if you set TS to 10%, the bot will sell the asset if its value drops by 10% from its peak.
  • Dynamic Adjustment: As the asset's value rises, the trailing stop loss moves upward, tracking the highest price achieved and locking in profits as the price climbs.

Additional Features:

  • Trailing Stop Loss Activation: Configure TS to activate once the asset reaches a specific profit percentage above your buy price. This ensures the feature only kicks in when your trade is already in profit.

With Trailing Stop Loss, you can confidently manage your trades, secure gains, and reduce the risk of losing profits during market fluctuations. It's the perfect balance of flexibility and protection for smart trading strategies.

Last Updated:
December 27, 2024