🌈Trailing Take Profit
Are you struggling with selling too early? Trailing Take Profit (TTP) can help you solve this problem! It intelligently adjusts the profit price to maximize profits. When the price rises, it will hold
1. How Trailing Take Profit Works:
When the price hits your profit price, Trailing Take Profit will be activated. If the price continues to rise, the order will be held until the price falls back by the percentage you set, the order will be closed. The drawback is that if the price reverses immediately after the trailing feature is activated, you may lose part of the profits.
2. Trailing Stop Example:
User A creates a Trailing Take Profit order to buy SOL , and set 20% take-profit rate and 5% drawdown. The average buy price is $140. Below is the operational logic of TTP.
No | SOL Price(USD) | Take Profit price(USD) | TTP status |
No | SOL Price(USD) | Take Profit price(USD) | TTP status |
1 | 150 | - | Waiting |
2 | 160 | - | Waiting |
3 | 168 | 159.6(168 * (1-5%)) | Trailing Sell is active |
4 | 162 | 159.6 | Trailing Sell is active |
5 | 170 | 161.5(170 * (1-5%)) | Trailing Sell is active |
6 | 180 | 171(180 * (1-5%)) | Trailing Sell is active |
7 | 190 | 180.5(190 * (1-5%)) | Trailing Sell is active |
7 | 185 | 180.5 | Trailing Sell is active |
8 | 180.5 | 180.5 | SOL sold at market price, the profit rate is 28.9% |
Here are some examples of drawdown parameters:
TP +50%, drawdown percentage 10%
TP +100%, drawdown percentage 15%
TP +200%, drawdown percentage 20%
Please note that the drawdown ratio should not be set too high. For instance, if a token rises by 100% and then falls by 50%, it will have returned to your buy price, not a 100% drop.
Click to view: How to Enable Trailing Take Profit
Last updated