How does the percentage trailing work?
Among the many powerful automation features available on Anny's platform, there is a very popular one, which is Trailing Take Profit with Percentage Profit. This functionality will be triggered when certain profit percentages are reached on your trade.
The configuration is very flexible, allowing you to set various parameters, such as the percentage at which trailing should start, the percentage repetition interval, and the distance of the stop order in relation to the trigger point, among others. In addition, you can also configure the take profit, where you can define what percentage of your trade balance will execute at each target.
For example, consider the configuration below and also an input of 100 XRP in the signal:
After executing all triggers we will have the following result:
In certain situations, the percentage trailing needs to adapt to market conditions and ends up executing an alternative flow to the traditional one.
Depending on the percentage configurations and also the limits set by the exchange for the specific symbol, they can combine in restrictive situations to the percentage trailing.
But Anny makes the necessary adaptation and progresses with your trade's automation.
Below we list each situation in which adaptive behavior comes into play.
- Indivisible Take Profit
Each exchange defines for each symbol a minimum quantity amount allowed to create a buy or sell order.
Depending on the balance that is open on the trade, and also on the take profit percentage that is set for the target, the resulting amount may be less than this minimum allowable amount. This applies both to the amount executed in the current trailing and to the rest, which will be available for the next trailing. Both need to be greater than the minimum allowed, and you shouldn't risk having an unsalable balance.
Anny proactively forecasts these amounts and acts with caution. In this case, the take profit is not done and the entire balance is added to the stop order.
Some coins have a low value of satoshis and may for example be worth only 0.00000020 BTC (20 satoshis).
Given this condition, a supposed 2% trigger percentage wouldn't be enough to change the value by just 1 satoshi. This means that the minimum percentage needed to increment the value from 0.00000020 to 0.00000021 would be 5%.
As in the previous case, Anny is proactive in preventing the trade. In this case, the percentages are changed to the minimum necessary, both for the trigger and for the relative stop position.
In addition to the minimum percentage necessary to modify the price, Anny also considers a minimum percentage limit of 0.25% on the price variation for any trailing.
In practice, what happens is that the necessary fluctuation in price will be the percentage divided by the leverage.
As an example, consider the same configuration as the first example, with an entry of 100 XRP and 10x leverage, which in practice becomes 1000 XRP:
Here too, the required swing in price will be the percentage divided by the leverage.
As an example, consider a 15% loss percentage on a 10x leveraged trade. To allow the 15% loss, the price needs to fluctuate only 1.5% (15 divided by 10).
In addition, it is important to note that there is a minimum percentage limit of 0.25%, that is, if the necessary price fluctuation is 0.1%, it will automatically be replaced by the minimum of 0.25%