A take profit above $5M and a stop loss below $2M.
When To Use It
Good For
- Taking profit on the way up
- Cutting losses on the way down
- Acting at market caps you set without watching the chart
Watch Out For
- Each trigger fires once
- A fast wick can hit a trigger and come straight back
How It Works
- Triggers: up to 20, each fires when the market cap goes above or below the value you set. Each executes once.
- Size: each trigger is a percentage of your strategy balance. Together they must total at least 100%.
- Capped: if a trigger asks for more than what is left, it sells what is left.
Example
Sell 25% above $5M and 25% above $8M to take profit, and 50% below $2M as a stop loss. Together they make 100% of your strategy balance.
Sell 25% above $5M and 25% above $8M to take profit, and 50% below $2M as a stop loss. Together they make 100% of your strategy balance.
Set It Up
1
Open Create Strategy
Pick the chain, choose Buy or Sell, then Core and Trigger. Add a name if you like, and press Continue.
2
Pick The Token And Size
Select the token and how much to trade, the source if more than one holds it, and the counter asset: the chain’s native token or a stablecoin.
3
Set Your Triggers
For each trigger, pick Above or Below, the market cap and a percentage of your strategy balance. Add up to 20. The percentages must total at least 100%.
4
Add Optional Parameters
Extra parameters, such as limits or a scheduled start. Skip them to run on defaults.
5
Set Strategy
It starts right away, or at your scheduled start.
Optional Settings
Limits
Decide whether it trades at all.
Limits
Decide whether it trades at all.
Execution
Decide how and when it runs.
Execution
Decide how and when it runs.
Advanced
Decide how it routes.
Advanced
Decide how it routes.
FAQ
What if the market cap is already past a level?
What if the market cap is already past a level?
That trigger is reached right away, so check the current market cap before you set it.
Can a trigger fire twice?
Can a trigger fire twice?
No. Each trigger executes once.
Why does my strategy show Waiting?
Why does my strategy show Waiting?
A limit isn’t met. That isn’t an error: the strategy keeps watching and resumes on its own when the condition is met again.
Related
Volume
Trades into real market orders as they come in.
Manage Strategies
Pause, edit or stop a strategy, and run several on the same token.