Trade Configuration
Last updated
Last updated
You can configure each trade with custom settings and also override global . Simply open trade config and set your settings which are the same as in wallet configuration.
Take Profit: when enabled you can set a percentage for automatic selling once a token reaches a particular profit percentage.
Stop Loss: when enabled you can set a percentage for automatic selling once a token drops to the particular loss percentage. You need to set a negative or positive number (while in Wallet Configuration you can set only negative). Positive Stop Loss number can be used when you have for example 150% profit and would like to stop loss if the trade drops to 90% profit, in this case you would set SL to 90.
Take Profit / Stop Loss sell amount: amount of the tokens % to sell when your TP or SL is triggered.
Trailing Stop: when enabled adjusts the stop loss as the token price reaches new highs, ensuring stop loss is moved up during a token's upward movement.
Slippage: accounts for the acceptable price movement during the buy and token taxes.
For example if your slippage is set to 3% and price of the token changes on 5% before your buy transaction is confirmed - then your transaction will be failed.
If token buy/sell tax is higher than your buy/sell slippage - your transaction will be failed.
If you set high slippage and do not use MEV Guard - there is a high chance your transaction will be sandwiched and you get less tokens or ETH.
In trade configuration Stop Loss % can be both negative and positive number. For example, if the token price is +140% from the initial price, then you can set stop loss to 100 and if the trade profit drops to 100% then your trade will be automatically closed in profit with your stop loss.
