Smart Trade

HomeSmart Trade

Smart Trade

In smart trade there are numbers of useful tools and algorithms to doing smart trading like Limit order, Market order, Shadow order, Stop Limit order, Smart trade order And DCA order.

Limit order

In Limit order option the trader will have to set some specific price to buy or sell their pre-determined quantity.

For Example:

The price of ETH is 200 USD right now and JACK wants to buy 1 ETH at 180 USD. Then he will set Limit price at 180 USD and set quantity at 1 when price reach at 180 USD per ETH automatically buy order executed

Same vice versa to sell the quantity. As JACK wants to sell 1 ETH at 220 USD. Then he will set Limit price at 220 USD and set quantity at 1 ETH. When price reach at 220 USD per ETH automatically sell order executed.

Market order

In Market Order option will provide immediate execution of buying or selling of a set quantity of cryptocurrency at the current market price. The trader will have only need to set the amount or quantity of coin to buying or selling.

For Example:

The current value of ETH is 200 USD and JACK wants to buy 1 quantity of ETH on this price. he will go to market order and set quantity is 1. Then pressing the buy button will complete the task and JACK's 200 USD will convert in 1 ETH immediately.

Shadow Order

Shadow order is the advance step of a limit order.

In shadow order, our platform will allow placing the order even if the required balance of the order is not available at a time. when the set current price is reached at a limit price of pair then it will check whether require balance is available at in funds or not. If available balance will sufficient to require balance then it will execute the order either order will be canceled.

For Example:

JACk’s available balance is 100 USD and he wants to buy 1 ETH at 180 USD which market price is running on 200 USD. then he will able to set the order of 1 ETH at 180 USD. When ETH price will lower to 180 USD then it automatically checks the balance(funds) of JACK. If is 180 USD available at that time then the order will execute otherwise it will be cancelled.

DCA order

DCA order means Dollar-cost averaging order. DCA order is the one-step advance to the market order.

DCA order will be executed at specific of a time interval, same as market order but first check the specific time to execute the order.

For Example:

JACK 's available balance is 1000 USD and JACK wants to use DCA order. he wants to invest 100 USD every week In ETH/USD pair so JACK use DCA order with weekly time interval up to 10 weeks and set investment per week is 100 USD that means he will get 100 USD worth of ETH every week up to 10 weeks.

Smart Order

In Smart order, many more options available with compare to other order. enhance your profit and reduce loss became to other order.

In smart order option, you can use condition buy/sell, trailing buy, take profit, trailing take profit, stop loss, trailing stop loss and loop function.

  • Condition buy/sell

    The Condition buy/sell order will be executed at a limit price or a market order but the condition is first it will wait to reach Trigger price. As Trigger price reach, Condition buy/sell order execute and send order to the Exchange. when you select market price then the order will execute instantly while you select the limit price, it will wait till price reach at limit price and then after the order will execute.

    For Example :

    JACK wants to use Condition buy/sell order. the current ETH price is 200 USD and resistance are around 220 USD. JACK thinking that the price will go higher after the price reaches the resistance level. JACK put Condition buy/sell order to automatically buy ETH at the price of 221 USD. this way JACK won't have to continuously watch the market movement waiting for the price to your target price. JACK set Trigger price 220 USD and set the limit price at 221 USD quantity 1 ETH and click the buy when ETH price reach to 220 USD, order convert to limit order after that ETH price go to 221 USD order is executed.

  • Trailing Buy

    If Trailing buy option is ON, users have to set trigger price with trailing buy percentage details. then the trigger price will follow the market price. when it's market price reach at trigger price then it will check continuously the set trailing percentage and as the market price goes above the set trailing percentage it will execute the order.

    For Example:

    JACK decided to use trailing buy option, JACK thinking to buy ETH at best Possible buying price then he enable to trailing buy order and set the trigger price, quantity and trailing buy percentage.

    Suppose current ETH price is 200 USD, JACK thinking the price will go lower so JACK place trigger price 210 USD quantity 1 ETH and trailing buy percentage set 10% so order check bellow conditions and execute the order.

    SR No. Current price ETH (in USD) Trailing % Buy condition Trailing buy status
    1 200 NO change due to price not reach trigger price. - Wait
    2 210 Current price reach trigger price - Trailing buy order active
    3 190 10% 209 Trailing buy active
    4 180 10% 198 Trailing buy active
    5 185 NO change due to price up 198 Trailing buy active
    6 170 10% 187 Trailing buy active
    7 188 Order execute 187 ETH was bought at market price ≈ 187
  • Take Profit

    If Take Profit option is ON, users have to set take profit price or set take profit percentage, when take profit price or take profit percentage reach market price, the order is automatically execute.

    For Example :

    JACK decided to use take profit option, JACK thinking to sell ETH at best price then he enable to take profit option and set take profit price or take profit percentage and set the quantity to sell his ETH.

    Current ETH price is 200 USD and JACK has 2 ETH, he decides to sell his 2 ETH at 210 USD so his set take profit price is 210 USD and set quantity 2 ETH. when ETH price reach 210 USD order is execute.

  • Trailing Take Profit

    If trailing take profit option is ON, users have to set take profit price and trailing take profit percentage. when take profit price reach trailing take percentage option is active. then the take profit price will follow the market price when it goes up and as the market price starts going to the downside then it will check continuously the set trailing take profit percentage and as the market price goes down the set trailing take profit percentage it will execute the order.

    For Example :

    JACK decided to use trailing take profit option, JACK thinking to sell ETH at best possible price then he enable to trailing take profit option and set take profit price, trailing take profit percentage and set quantity to sell his ETH.

    Current ETH price is 200 USD and JACK has 2 ETH, JACK decide to sell his ETH at 210 USD so his set take profit price is 210 USD, set trailing take profit percentage is 1% and set quantity 2 ETH. when ETH price reach 210 USD. so order check bellow conditions and execute the order.

    SR No. Current price ETH (In USD) Trailing % Buy condition Trailing take profit status
    1 200 NO change due to price not reach take profit price - Wait
    2 205 NO change due to price not reach take profit price - wait
    3 210 -1% 207.90 Trailing buy active
    4 215 -1% 212.85 Trailing buy active
    5 213 -1% 212.85 Trailing buy active
    6 220 -1% 217.80 Trailing buy active
    7 217 Order execute 217.80 ETH was sold at market price ≈ 217.80
  • Stop-loss

    If stop-loss option is ON, users have to set stop-loss price or set stop-loss percentage, when Stop-loss price reach market price, the order is execute automatically.

    For Example :

    JACK thinking to use Stop-loss option, JACK decided 2% maximum losses of buying price of ETH so jack enable stop-loss option and set stop-loss percentage is 2%.

    JACK has 2 ETH and buying price of ETH is 210 USD. He set stop-loss percentage is 2% and set quantity 2 ETH. when ETH price will reach 205.80 USD order will execute automatically.

  • Trailing Stop Loss

    If Trailing Stop-loss option is ON, users have to set stop-loss price. when the current market price goes to up. trailing Stop-loss price continuously follow the market price. when the market price goes down then the market price catch Stop-loss price and order is execute automatically.

    For Example :

    JACK decide to use trailing stop-loss option, JACK set stop-loss price and set quantity for his trailing Stop-loss order.

    Current ETH price is 200 USD and JACK has 2 ETH. he set stop-loss price is 190 USD. when ETH market price will go up then algorithm check bellow conditions and execute the order.

    SR No. Current price ETH (In USD) Stop-loss price Trailing stop-loss status
    1 200 190 Wait for stop loss price
    2 210 200 Wait
    3 205 200 Trailing buy active
    4 210 200 Trailing buy active
    5 215 205 Trailing buy active
    6 204 205 ETH was sold at market price ≈ 205