Exploring Anny's Powerful Automation: Trailing Take Profit with Percentage Profit
Among the array of robust automation features offered on Anny's platform, one stands out as exceptionally popular: the Trailing Take Profit with Percentage Profit functionality. This feature is designed to trigger actions when specific profit percentages are attained during your trading activities.
The configuration options for this feature are remarkably flexible, granting you control over various parameters. You can specify the percentage at which trailing should initiate, the interval for percentage repetition, and the distance between the stop order and the trigger point, among other customizable settings. Moreover, the take profit feature allows you to define the percentage of your trade balance that will be executed at each target.
Let's consider an example configuration along with a 100 XRP input in the signal:
Upon executing all of the triggers, the following result would be achieved:
Anny's automation system showcases adaptive behavior to overcome challenges posed by specific market conditions, exchange limitations, and coin values. By proactively forecasting and making the necessary adjustments, traders can rely on Anny's adaptable approach to enhance the efficiency and success of their automated trades.
Let's explore each situation where Anny's adaptive behavior comes into play:
- Indivisible Take Profit
When configuring the take profit percentage for a target, there might be instances where the resulting amount, considering the balance in the trade, falls below the exchange's minimum allowable quantity for buy or sell orders. To avoid ending up with an unsalable balance, Anny proactively forecasts these amounts. In such cases, the take profit is not executed, and instead, the entire balance is added to the stop order, ensuring trade continuity.
Certain coins possess extremely low values, such as 20 satoshis (0.00000020 BTC). Under such conditions, setting a trigger percentage as low as 2% wouldn't be sufficient to change the value even by a single satoshi. Therefore, Anny takes the initiative to prevent such trades from being executed. The system adjusts the percentages to the minimum necessary to effect a change in the value, which might be, in this example, 5%.
Anny also considers a minimum percentage limit of 0.25% for any trailing to further optimize trade performance.
To ensure optimal trade performance, Anny implements a minimum percentage limit of 0.25% on price variation for any trailing.Let's consider the same configuration as the first example, with an entry of 100 XRP and 10x leverage. In practice, the trade is executed with a total of 1000 XRP due to the leverage.
The same principle also applies to the relative stop position in leveraged trades. When configuring the loss percentage, it pertains to the final loss target, not the necessary fluctuation in the coin's price. The required swing in price to trigger the specified loss percentage will be the configured percentage divided by the leverage.
For instance, let's consider a trade with 10x leverage and a configured loss percentage of 15%. In practice, to realize the 15% loss, the price needs to fluctuate only 1.5% (15 divided by 10).
Furthermore, Anny enforces a minimum percentage limit of 0.25% for any relative stop position. This means that if the necessary price fluctuation is, for example, 0.1%, Anny will automatically adjust it to the minimum of 0.25%.