Advanced settings

What is a Stop-Loss order/position?

A Stop-Loss is a sell order triggered when an asset’s price falls to a preset level, helping to limit potential losses. In DipSway, you can set a custom stop-loss percentage. Each time the bot places a buy order, it automatically sets a stop-loss at your chosen percentage to protect against downward price movement.

What is a Take Profit order/position?

A Take Profit order automatically sells an asset once it reaches your target price, securing gains without hesitations. In DipSway, you can set a custom take-profit percentage to lock in profits based on your goals.

How do they work with the AI spot bot?

DipSway’s AI spot bot allows you to set custom Stop-Loss and Take Profit percentages that work in sync with the bot’s strategy. The bot’s behavior takes priority, meaning it may hold a position or exit early if it calculates that it’s optimal, even if it differs from your set levels. This tends to happen more realistically for the custom take profit since the bot prefers to hold by default when positions are negative rather than selling at a loss.

These custom settings provide an extra layer of control while allowing the bot’s intelligence to optimize your trading outcomes.

How to set the optimal Stop-Loss and Take Profit

As always, there isn’t a secret formula. Many factors, such as:

• coin volatility
• position size
• your trading experience
• your risk tolerance

should be considered when setting the custom stop-loss and take profit.