⚙️Auto TP/SL
The Auto TP/SL (Take Profit/Stop Loss) feature on MevX is designed to help traders optimize profits and manage risk more effectively.
Setting Up Auto TP/SL
Advanced Settings Access: Go to the Advanced Settings section during a trade.
TP/SL Configuration: Easily set desired take profit or stop loss by entering a positive value for TP or adding a “-” sign for SL. This helps automate your profit-taking or risk-limiting strategies as the token price changes.
Expiry Option: Define the duration for your TP/SL command by setting an expiry time. When the set time expires, the order will be automatically canceled, ensuring you don’t miss opportunities or risks beyond your control.
Automatic Application: Once set, the TP/SL will apply to all future transactions, allowing you to focus more on strategy rather than constant manual adjustments.
Key Features
Risk Management: Set a predetermined Stop Loss to protect your assets if a token’s value drops unexpectedly.
Profit Optimization: Set a Take Profit level to automatically secure gains when the token reaches your desired profit level.
Auto TP/SL simplifies trade management and minimizes the risk of missing profitable opportunities while preventing losses from price declines.
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