Dynamic stop loss adjustments as each take profit level is hit, with options to set SL at breakeven or move SL to the previous TP level, enhancing risk management.

How it works?

• Move Stop Loss to the previous TP - will move your stop loss level to the last closed TP.
• Set Stop Loss at breakeven - will move your stop loss to 0 after your first TP is closed.

Example use-cases

Move Stop Loss to the previous TP

• Set three take profit levels at 1%, 2%, and 3% profit, opting to enable Smart Trailing with the strategy to move the stop loss to the previous TP level after each is hit. As the trade progresses:
  • The first take profit level is reached, and 25% of the position is sold for profit. With Smart Trailing enabled, the stop loss is adjusted to breakeven level (0 + fee =~ 0.1%).
  • The second take profit level is hit, 50% of the remaining position is sold, and the stop loss is again adjusted to the previous TP level (1%), securing a 1% profit minimum.
  • Upon reaching the third take profit level, the remaining position is sold, and the trade is closed with maximized profits.
• This example illustrates how Smart Take Profit with Smart Trailing enables a trader to secure profits and manage risk dynamically throughout the trade.

Set SL to breakeven

• Set three take profit levels at 1%, 2%, and 3% profit, opting to enable Smart Trailing with the strategy to set SL to breakeven. As the trade progresses:
  • The first take profit level is reached, and 25% of the position is sold for profit. With Smart Trailing enabled, the stop loss is adjusted to breakeven level (0 + fee =~ 0.1%).
  • The second take profit level is hit, 50% of the remaining position is sold, and the stop loss is kept at breakeven level.
  • Upon reaching the third take profit level, the remaining position is sold, and the trade is closed with maximized profits.