What is Stop Loss?
Stop Loss is fixed point of trade. Suppose if you have kept a 5% stop loss on a token when the price is 100, the stop loss will trigger at 95.
What is Trail Stop Loss?
Trail Stop Loss is not a fixed point of trade. It keeps following the price up. Suppose if you have kept a 5% Trail stop on a token when the price is 100 and your target price is 150. Until the price reaches 150, the trail stop won’t come into picture. Now, consider these price movements:
100->110->150->160->140->150->170->168->180->170->TRIGER
It will only trigger at the last point. Here is why:
110->150- Here it gets activated.
160->140- Here, it won’t work because 140 is below original target point (150)
140->150 -It gets activated once again.
170->168 — It won’t work because 5% drop requirement is not met.
180->170 — Works here because 5% back trace requirement and above original target price condition (150) is met.
UniDexBot allows you to keep Stop Loss and Trail Stop Loss for each tokens in the pair separately:
If ORAI is more important for you, you should keep Trail stop and Stop Loss on WETH section and Trail Stop on ORAI, and vice versa. If both tokens are important, keep it on both.
An ideal trail stop should be 1/10th of volatility percentage. Or let’s just say it should just add a small percentage only to your Target volatility %.
Can you create both Stop Loss and Trail Stop? — Yes, you can. If you do not want to create one or both of those, leave it blank.
Article Credit: @BitCoinly
Features of UniDexBot
- Private Uniswap Limit Orders. No open book.
- Less gas cost. 10 times Approval setting is available. No gas required to create, edit or cancel orders.
- Funds stay in your wallet until execution.
- Automatic Percentage based buy and sell cycles. Print money automatically BRRRR!
- Charting Tools.
- No hidden fees or cuts from your trades.
- Stop Loss, Trail Stop.
- Windows and MAC desktop Apps.
- Adaptive UI for mobile devices.
- Martingale Averaging
- New listing Sniping
- Dex Agnostic
- Best supportive community.
Website: UniDexBot.com
WebApp: UniDexBot.com/app
Telegram: https://t.me/usw_bot
TG News: https://t.me/unidexbot_news
Twitter: https://twitter.com/unidexbot
TG FAQ: https://t.me/UniDexBotFAQ
Youtube: https://www.youtube.com/channel/UCSZyTCv9Viia4x7nW8eckcQ
Medium: https://unidexbot.medium.com/
Knowledge base: Link to all medium articles: https://unidexbot.medium.com/links-of-all-medium-articles-of-unidexbot-ed801b4f5302
Coingecko: https://www.coingecko.com/en/coins/unibot-cash
Contract address: https://etherscan.io/token/0xd03B6ae96CaE26b743A6207DceE7Cbe60a425c70
Admin: @undbadmin
Strategic Advisor: @BitCoinly
Community Admins:
@JuanZiro, @muffin_mann, @ChainLinkTCO, @HelpICantBreathee, @JayrX, @Hijazi620, @BluCEL
