Create a smart trade

Overview

This article provides all the descriptions and necessary steps to create a Smart trade.

 

Target audience

All traders

 

Pre-requisites

• Connected to an exchange

Steps to create a Smart trade

Objective: create your own trades within Anny. It's very simple and can be done by dragging the lines right from the TradingView chart.

 

Instructions: click on "New trade" in the upper right corner to begin creating your signal.

1. Build your signal by setting price targets
   
   
   
   
   • Choose the desired Exchange, Account, and symbol for the trade.
   • Set the position side (long or short).
     
   • Select the Entry mode based on your trading preferences: market entry, market in range, DCA limit or Advanced DCA (Martingale).
     • Market Entry: This function promptly executes a market order to enter a trade when the price falls within a predefined range. A risk advisory is offered, cautioning signal providers or lead traders with a large user base to avoid using plain market orders due to the potential for uneven Profit and Loss (PnL) among members and the risk of entry prices exceeding the target 1 for some members.
     • Market in Range: When this option is chosen, a trade is initiated if the price falls within a designated range. If the price falls outside this range, the system will continuously monitor for a period of 48 hours and place limit orders when there is an insufficient number of offers within the range.
     • DCA limit (Dollar-Cost Averaging): This setting allows you to place 1 to 3 limit orders with custom investment distributions.
     • Advanced DCA (Martingale): This strategy employs the Martingale technique, dynamically placing orders when the price drops. Learn more about this strategy by clicking here.
   • Set your price targets (add up to 5 targets).
   • Stop loss
     
     Utilize Anny's risk/return insights to understand the success rate required for your trades to break even.
     
     
2.  Set the automation strategy
   Once you've created the signal, proceed to configure your trading strategy, which includes setting up Auto stop, Trailing take profit and Take profit. Anny will then actively monitor order bookings in real time and autonomously take appropriate actions based on your chosen strategy.
   
   
   
   

   To establish your automation strategy, go to the "Automation" tab. In this section, you can tailor the settings for Take profit, Trailing take profit, and Auto stop.

   You can choose to save this configuration for future trades by checking the relevant checkbox.

   The automation strategy may or may not be linked to the price targets used in creating the signal. You have the flexibility to configure your strategy based on the signal's target or profit percentage.
   For a detailed distinction, refer to the tutorials provided in the Additional resources section at the end of this article.
   
   

3. Confirm the submission
   • Personal investment: select to invest and set the investment, that is, determine how much of your total balance you want to allocate to the trade.
   • Distribute: select distribute in case you have a signal pool or strategy and want to distribute a signal to your members. Set the position size.
   • The position size can be configured using two different options:
     • Fixed investment: With this method, you invest a fixed portion of your allocation on each trade. Consequently, the risk exposure will fluctuate with each trade as the investment recommendation varies.
       Calculation method:
       Entry amount = investment allocation * (Investment recommendation/100).
     • Fixed risk: Alternatively, you have the option to maintain a fixed level of risk by determining the investment amount based on the stop-loss position.
       Calculation method:
       Step 1: Investment recommendation = (Risk percent / Stop-loss percent) * 100.
       Step 2: Entry amount = Allocation * (Investment recommendation/100).
       
       Anny calculates for you. Define how much your risk is and the Stop loss is taken from the signal.
       
       
   • For futures accounts set also the leverage and the margin.
     
     
     
     
   • For professional traders, it's essential to take into account insights into the order book availability. This information can help you establish and define an entry range so all group members are able to enter a signal.

Common issues

• Unable to send a signal because the "submit" button is not active.
  Check if the symbol is still listed on the exchange.

Additional resources

• Click here to learn more about Auto invest.
• Click here to learn more about Auto stop.
• Click here to learn more about Trailing take profit.
• Click here to learn more about Take profit.
  
  

Youtube tutorial: Learn how to create your first smart trade