# How to maximize your profit !!

2년 전
in mgsc

Here is a solution to set both stop loss and take profit work in one trade. i will explain you briefly in this blog, Simply we take profit when price rises to up or above the price we set, The system close the transaction for example:
Buy 1 ETH for \$100 and set take profit of +10%, at 110%.

Image source: https://3commas.io/

ETH trade in \$100 when price rise up to \$110 then the system sells the ETH in market. Take profit ensures you do not miss a profit at times when you are not watching closely the trade. But there is one another option for maximize our profit Trailing take profit suppose we trade of 1 BTC at \$8000 and we set take profit at \$8500 then market rise to \$8500 for a while and then rises to \$9000 now what will happen normally our profit target is already set at \$8500 and the system will execute at this target. But if we use trailing take profit than trade will closed at \$9000 instead of \$8500 so clearly there is profit of \$1000. this is the power of trailing we can use it in both case take profit and stop loss.
I will show you the example below how to trailing take profit works step by step:

## How Trailing take profit works:

Trailing profit is intended to maximize profit

• Buy 1 BTC for \$10000 and set take profit +5%,\$10500

• check the trailing box, set follow maximum price with deviation 3%

Image source: https://3commas.io/

• After a while BTC price reaches \$10300 then trailing take profit does the following

No.BTC price for 1 unittransaction status
1\$10300Open
2\$10400 (rise)trailing take profit activated
3\$10500 (rise)trailing take profit activated
4\$10300(correction)trailing take profit activated
5\$10600(rise)trailing take profit activated
6\$11000(rise)trailing take profit activated
7\$10700(correction)sold at approx \$10699

As result transaction close at roughly \$10700. This brings profit 7% instead of expected 5%.

## Price trailing percent

Briefly, this is the maximum deviation downward from the maximum price reached after the Take Profit level was reached. If you set Take Profit at +10% with price deviation of 2%, you can wind up in the following situations:

• The price reached +10%, then fell to +9.5% and then rose again, and the transaction remained open.
• The price reached +10%, then fell to +8% and then rose again, and the transaction remained open.
• The price reached +10%, then fell to +7.9% and then rose again, and the transaction closed at +7.9%.why??
Because the deviation of 2% is greater from difference between the recent maximum price and current price.

## How stop loss works:

The most common stop loss, when the price falls to or below the price we set the system execution take place.

1. Buy 1 ETH for \$100 and set stop loss 5%,\$95
2. when price falls to \$95 trade will close.

Image source: https://3commas.io/

Stop Loss is used primarily to limit possible losses. Some traders also use it in already profitable trades so that, if the price falls, the profit won’t be lost.

## How trailing stop loss works:

trailing stop loss follow the price of coin. For example:

1. Buy 1 BTC for price \$10000 and set stop loss 10%, \$9000

2. Check the trailing box.

Image source: https://3commas.io/

3. BTC trades at around \$10000 for a while, but then begins to rise. In this case, the approximate action of Trailing Stop Loss will be as follows:

No.BTC price for 1 unitTrailing Stop loss value
1\$10000\$9000
2\$10500(rise)\$9500
3\$11000 (rise)\$10000
4\$11500 (rise)\$10500
5\$12000 (rise)\$11000
6\$11000(correction)\$11000

Thus, the higher the coin price deviates from the initial price, the higher the Trailing Stop Loss will rise. When the price falls, Trailing Stop Loss will not change.

you can check further information in 3commas .io about trailing take profit and trailing stop loss. From my experience its amazing i hope you can take huge profit from this site. for registration go to link below and make an account to smart trade.
thank you
@mohandhali

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·  2년 전

@technicker upvote FOLLOW & SEND 0.1 SBD/0.1 STEEM to 0.2SBD/0.2STEEMfor UPVOTE& RESTEEM SUPPORT ME 200% Upvote Guranteed

·  2년 전

Thing better but his similar to profit trailar

·  2년 전

Its cool @mohandhali bro but tell me one thing, what should we do if we loss 3 - 5 times continuously under Stop Loss.

I think, news updates and Bids are more profitable.

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·  2년 전

you are right.. crypto trading is risky thats why we have to trade carefully and use stop loss so that low chance for loss... trade before check all these things u mention above.

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·  2년 전

I am trying my best but your upvotes are missing here ;-)

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·  2년 전

I did

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·  2년 전

@mohandhali do you like crypto trading?

great work and very gud information for me as i have no idea about it,
Thanks a lot for giving such wonderful information and doing the same in future as well.

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·  2년 전

Thank you @deepak07 ..do u like crypto trading

·  2년 전

You got a 13.61% upvote from @brupvoter courtesy of @mohandhali!

·  2년 전

You got a 6.75% upvote from @upmewhale courtesy of @mohandhali!

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·  2년 전

You got a 2.89% upvote from @postpromoter courtesy of @mohandhali!

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This post has received a 4.46 % upvote from @booster thanks to: @mohandhali.

·  2년 전

I'll try for sure bro

·  2년 전

Greatest chance to earn money

·  2년 전

It is possible

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·  2년 전

yes it is possible...

·  2년 전

Yes, stop loss is very important. Nice post. Some of the doubt cleared after going through this post.

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·  2년 전

thanks @sarthakgupta and tell me what type of articles you want me to post ..

·  2년 전

Congratulations @mohandhali! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

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