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Trading
Traling
Take profit/Exit ladder should also have an extra option: Trailing deviation %. It helps for better and safer profit.
Suggested over 4 years ago
3 comments
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What would the deviation % do?
over 4 years ago
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3commas have this great feature. It's wonderful to follow the trend and stop after x% reverse trend.
over 4 years ago
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Example:
Target 1 = 5%
Trailing Deviation = 2%
As soon as the target of 5% is reached, the smart trade starts to "monitor" the price for this target.
The TP "window", which is defined by the trailing deviation of 2%, now shifts with the price.
As soon as the price drops by 2%, the TP order for target 1 is executed.
For example, if the price rises to +8% from the entry and then falls again by 2%, the TP is triggered at +6% instead of at the original +5% without trailing deviation.
over 3 years ago