Trailing Stop-Loss
Trailing stop loss adapts to price movement, protecting your profits while letting winners run.
Similarly as with the Static Stop-Loss strategy, to set up the Trailing Stop Loss strategy, you need to set up:
Initial trailing stop-loss
Unlike the Static stop-loss, the trailing stop-loss follows the at-the-highest (ATH) price of the token. Example:
You paid 1 SOL for 100 $WIF tokens. The price of $WIF increased and now your 100 $WIF tokens are worth 2 SOL. Since you are running a trailing stop loss strategy with 20% initial trailing stop-loss, your stop-loss level adjusted to 1.6 SOL (20% from ATH). As a result, if the price of $WIF starts falling, once your 100 $WIF tokens are worth 1.6 SOL, Sniperoo will automatically sell them all, netting you 0.6 SOL in profit.
Trailing Stop Loss Grid System
Price Increase Column - Set specific price targets that your position wants to reach (e.g. 1.5x, 2x, 5x, 10x etc.)
Tokens Sold Column - Allocate what percentage of your position you want Sniperoo to sell at each price level. Note: The sum of all percentages in this column should always be 100% (i.e. the full amount of your position).
Trailing Stop-Loss Column - Readjust the trailing stop-loss as you reach new profit targets. This means you can take more risky plays as you reach higher targets.
Projected P/L - Projected MINIMUM profit or loss for each grid level adjusted to your entry position size, helping you plan your strategy effectively. The projected minimum P/L in the Trailing Stop-Loss strategy takes into account the Stop-Loss adjustements, so this is the MINIMUM you will get as you reach each target.
In the example above, the projected P/L is with 10 SOL as entry position.
Last updated