Trailing Take Profit: wow effect! EARN MORE THAN YOU EXPECTED

Anastasia 3commas
Sep 4, 2018 · 3 min read

If you have read about Trailing Stop Loss — you already suppose that Trailing Take Profit this is a function of Take Profit which in this case follow the price. The main and only purpose is … Your guess? Bingo! …to maximize profit!

You know how stressful is decision to exit a trade. We will tell you how to earn more than your estimated profit without monitoring routine, so if you are interested, please read on.

Trailing Take Profit is like Take Profit combined with Trailing Stop Loss. FYI: if you’ve traded on the Forex market, then Trailing Take Profit is the same as Trailing Stop.

HOW IT WORKS?(Spoiler: easy)

1 You buy 1 ETH for $100 and set Take Profit on +5%, at $105.

The condition Take Profit itself means when the price will be $105 your order will be closed and you will earn $5. But, speaking of Trailing let’s continue our settings.

2 Checkbox: Trailing.

Price is rising and ETH reaches $104 so Trailing Take Profit will follow it with a step of 5%

3 Set “Follow max price with deviation (%)” to 1.

That means when the price increase more than 1% order will be closed. If this happens , at $ 109 dollars, for example — you will earn 9% instead of the expected 5%.thanks to Trailing Take Profit

If you feel just like Draymond Green, let’s look at the example below

$105 versus $108.9 This was just an example. Count how much you can earn on your real volume. If your exchange does not support this option, you can easy use 3commas.

Price trailing percent: the most important thing in trailing

Briefly, this is the maximum deviation downward from the maximum price.

Price is rising and reach Take Profit level. From this moment as soon as it decreases by Price deviation percent, order will be closed.

___You set Take Profit at +10%____ Price deviation of 2%____

  • The price reached +13%, then fell to +11.5% and then rose again, and the transaction remained open. The price did not decrease by more than 2%.
  • The price reached +10%, then fell to +8% and then rose again, and the transaction remained open. The price did not decrease by more than 2%.
  • The price reached +10%, then fell to +7.9% and then rose again, and the transaction closed at +7.9%. Why? The difference between your Take Profit of +10% and the price at +7.9% is greater than the deviation of 2% you indicated.

HOW TO SET TTP:

1. Click Set Take Profit on the SmartTrade page.

2. Fill the boxes: Units, Take Profit (%), Follow max price with deviation (%). Checkbox: Trailing

(pointed with arrow on the pic) All other boxes will be filled automatically.

3. Tap “Create Trade”

This is your first step to make it as a trader. Shoot us your questions to https://t.me/commaschat

I’d like to hear your thoughts on this article in the comments.

Asya from 3commas.

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