Smart Trade step by step: entry, split take-profit, trailing stop and risk/reward

A Smart Trade is one position that you plan yourself and the bot then manages. You choose the pair, the size, how to get in and where to get out. After that the bot watches the price and places the exit orders for you. This guide walks through the form from top to bottom, in the order you should fill it in.

First, pick the right tab

• Buy/Sell: a single Limit or Market order. No take-profit, no stop-loss, no trailing. Use it when you only want to place an order.
• SmartTrade: buys first, then manages a take-profit and a stop-loss above and below your entry. This is the one most people want.
• Smart Cover: the mirror image. It sells first, then buys back lower. The take-profit is the buy-back price, below your sell price, and the stop-loss sits above it.

Step 1: exchange, market and pair

Choose the exchange, then the quote currency (the Market field, for example USDT) and finally the trading pair. The pair picker is searchable and lets you star favourites. The balance next to each field is what you can actually spend, so check it before you size the trade.

Step 2: size the trade

Type the amount in Units (the coin) or in Total (the money you want to spend). Each one updates the other from the current price. The 5%, 10%, 25%, 50% and 100% buttons size the trade from your available balance.

The Use Existing Assets switch is for coins you already hold. When it is on, no buy order is placed. You enter the price you paid for the coins, and the bot only places the take-profit and stop-loss on them. Be aware that those exits will sell the coins when either level is reached.

Step 3: decide how you enter

• Market: buy at the going price as soon as the trade is created.
• Limit: rest an order at the price you set and wait for it to fill.
• Cond. (conditional): place nothing now and wait until the price reaches your trigger. Cond. Market then buys at whatever the market gives. Cond. Limit rests at your price once triggered, so it may never fill.
• Trailing buy: follow the price down and buy when it turns back up by the percentage you set. It needs a conditional entry, so the form locks the entry to Cond. Market while it is on.

The Bid and Ask links under the price field fill the field with that quote in one click. A trade that waits for a trigger shows up as pending until the price arrives.

Step 4: set the take-profit

The take-profit is where you sell for a gain. Choose a Limit Order (rests at your price) or a Market Order (sells at market once your price is reached). The small selector in front of the price chooses whether the level is measured against Last, Bid or Ask. The percentage beside the price shows how far above your entry the target sits.

Split targets. You do not have to sell everything at one price. Set a price, set the share of the position it should sell (the Volume slider), and press Add TP target. Repeat for as many targets as you like. A ring shows how much of the position is still unassigned, and the list shows each price and quantity.

Trailing take-profit. Instead of a fixed price, the target follows the highest price reached and sells when the price falls back by the deviation you choose, for example 5%. A trailing exit needs market execution, so turning it on disables the Limit Order option.

Step 5: set the stop-loss

The stop-loss is your exit when the idea is wrong. It is a conditional order: nothing happens until the price touches your level.

• Cond. Market Order: when the level is touched, sell at market. It almost always gets you out, but the fill can be worse than the level in a fast drop.
• Cond. Limit Order: when the level is touched, place a limit order at your price. You control the price, but if the market falls straight through it the order may not fill, and you stay in the trade.
• Trailing stop-loss: the stop follows the price up and keeps its distance from the peak. It also needs market execution, so it disables the Cond. Limit option.
• Move to breakeven: after the trade has moved far enough in your favour, the stop is moved up to your entry price so that a winner cannot turn into a loss.

Step 6: read the numbers before you click

Once the entry, take-profit and stop-loss are valid, the form shows the Approximate Profit, the Approximate Loss and the Risk/Reward Ratio. The form also refuses a take-profit that is not above the entry (or below it, for Smart Cover) and a stop-loss on the wrong side.

A worked example, ignoring fees:

• Entry 2,000 USDT, size 0.05 coin, total 100 USDT.
• Take-profit at 2,100 is +5%, so about +5 USDT.
• Stop-loss at 1,950 is −2.5%, so about −2.5 USDT.
• Risk/reward is 1 : 2. You risk 1 to try to make 2, so you break even if you win about one trade in three.

With two targets that each sell half, at 2,060 (+3%) and 2,120 (+6%), the same trade makes about 4.5% of 100 USDT, or 4.5 USDT, if both are reached. When a trailing take-profit or trailing stop is on, the exit no longer sits at a fixed price, so the form hides the figures that depend on it. Remember that every fill pays a fee, which makes small targets worth less than they look.

Demo, Real and the funding check

The trade opens on the account that the header badge shows. In Demo nothing is sent to an exchange. In Real you get one confirmation before anything is placed, and it tells you whether the trade opens a position now, waits for a trigger, or only attaches exits to coins you already hold. The Funding block under the form shows your spendable balance and how much of it your other bots already have a claim on. It matters for the same reason as in the capital guide. Practise the same trade in Demo first, as described in Demo vs Real.

After you press Create trade

Each trade gets its own Trade ID and appears in the history below the form, where you can filter it as Profit, Loss, Failed or Active, or search by pair or ID. Open a row to see its steps and its fields. An active trade has a button to close it. An entry that never traded can be cancelled, which is not counted as a loss.

Common mistakes

• A stop that is too tight. Normal price noise reaches it before the idea has had time to work.
• A Cond. Limit stop in a fast market. If the price jumps past your limit, the order does not fill.
• Sizing from the full balance. Leave room for fees and for your other bots.
• A target smaller than the fees. If the take-profit is only slightly above the entry, round-trip fees can eat most of it.
• Skipping Demo. A few simulated trades teach you how the form behaves around your levels at no cost.

New to the idea of planning a single position? Start with Smart Trade: planning a trade with entry, targets and a stop.