Create automated strategies even quicker!
Smart Trading is now available on Kryll.io and as it is a brand new feature, this article will serve as an introduction to the fantastic world of easy trading. For further informations about each type of smart trading tool, you can read the related articles.
During this quick introduction we will go through the definitions of the terms and lexica of smart trading, as well as some key features that you don’t want to miss out.
Different types of Smart Trades
- Smart Buy: Optimize your next entry on an asset with the Smart Buy feature ! (Link to smart buy medium to be added soon)
- Smart Sell: Get the best out of your sell and take the maximum amount of profit with the Smart Sell feature ! (Link to smart sell medium to be added soon)
- Stop Loss, Take Profit(s): Need to follow a call ? Want to simplify your multiple sell targets ? The Stop-Loss Take-Profit(s) feature is here for you ! (Link to multi target medium to be added soon)
Entry Target: Also named, “Buy target”. This is the price at which you want to buy the asset.
Target : This the price at which you want to sell a part or 100% of the asset.
Stop-Loss: This one has 2 different variations, you can either set a fixed value, like 7500$ for exemple. Or you can set a trailing value, like 10%. This means that if the price drops by 10%, your stop loss will be triggered. Both systems are valid, but while trading with multiple targets, you should use the trailing one.
Quantity to Sell: This field represents the amount of your initial wallet that you want to sell. Let’s say that you start with 1000$. If you put 3 targets at 33%, you will sell 99% of your asset if the three targets are reached.
Trailing Deviation: This field will be very useful for you to optimize any of your smart trades. Deviation is a term that we will use often during this series of articles. That’s why we are trying to explain how it works in the most understanding way possible. Here is a graph to image the deviation.
Deviation is the minimum percentage which is needed to trigger the trade. In the case of a Smart Buy, it’s the minimum percentage of upward market evolution that is needed to trigger the buy. As you can see on the graph, the first zone (purple one) does not trigger our buy because the market evolution was not sufficient. However the second zone (green one) shows that the market pumped by the right amount.
At the end of the day, you bought lower, and you are almost guaranteed to make more profit than just buying at your initial target.
The General Usage of Smart Trading
Smart Trading is available on platform.kryll.io/smarttrade and lets you discover a new world of easy and intelligent automation of your trades.
Just pick whatever feature you want to use, fill in the fields, and it’s on ! You are officially ready to automate your trades.
Monetize your signals
You can get commission on each signals you share with your community. It is easy as a snap, just clic the smart-link button at the bottom of your smart trade and share the link, each link shared will generate an auto filled trading form for your user, he just have to follow your signal and you’re done.