4. Trailing take-profit and deviation

Written by Andrew
Updated 5 days ago

What is trailing take-profit?

Trailing take profit allows you to earn even more with our Jet-Bot. When price reaches your prediction strategy will continue to wait until it grows even higher.

So there are two possible events with trailing take-profit feature on. 

  1. Once price reaches your prediction it will wait until it grows even higher and after it drops according to deviation percentage strategy will close a deal.

  2. Once price reaches our prediction and instantly falls dawn, the strategy will close deal according to deviation percentage *current take profit - deviation*

What is deviation?

Deviation % is a percentage that you set, it will tell the strategy when to close a deal.
Note: Deviation must be less than take-profit percentage itself. 

For example: You've edited the strategy settings and choose Take-profit 2% and trailing deviation 0,5%. Strategy will wait until you will reach 2% of take-profit and after it is done he will wait for the price to grow or fall dawn.
So once price reached the 2% you've set and fall dawn instantly after, the strategy will close the deal once the deviation percentage was reached. Simply speaking ( current profit % - deviation % )
If the price will continue to grow and then fall down, let's say it grew to 10%  instead of 2% strategy will close the deal after it falls down for deviation percentage, in our case, it is 0,5% so it will close on 9,5 %.

How to turn on trailing take-profit?

To activate trailing take-profit.

  1. Go to strategy settings.
  2. Toggle trailing take-profit on.
  3. Set trailing deviation.
  4. Enjoy :).

Next: 5. Deals

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