What is trailing take-profit?
Trailing take profit allows you to earn even more with our Jet-Bot. When price reaches your prediction bot will continue to wait until it grows even higher.
So there are two possible events with trailing take-profit feature on.
- Once price reaches your prediction it will wait until it grows even higher and after it drops according to deviation percentage bot will close a deal.
- Once price reaches our prediction and instantly falls dawn, the bot 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 bot when to close a deal.
Note: Deviation must be less than take-profit percentage itself.
For example: You've edited the bot settings and choose Take-profit 2% and trailing deviation 0,5%. Bot 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 bot 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% bot 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.
- Go to bot settings.
- Toggle trailing take-profit on.
- Set trailing deviation.
- Enjoy :).