In MoonBot’s Settings – Main tab, the parameter “Take Profit [actual buy] +XX%” is responsible for the floating trailing stop. If unchecked, the trailing line on the chart will appear immediately after you buy at the level you selected. If you want to use Take Profit, you should tick the checkbox and choose the necessary value by the slider, at that the trailing line will appear later and only after the price increases over the percent, chosen by the Take Profit slider.
Working in conjunction with the Take Profit slide is the “Auto Panic Sell can drop price to [actual buy] ХХ%” slide if price has fallen < [Peak] - XX%. This slide is responsible for the line where the trailing line should appear. If the Take Profit checkbox is activated and the Trailing Line is set at +2%, and the Trailing Line appears at Auto Panic Sell if the price fell < [Peak] stands at -1%, the price line will appear at +2% of the Buy Line, but only after the price rises by 3% (Take Profit + Trailing Line by modulo).
If price was rising and then started falling, as soon as it drops -1% from the peak and crosses the trailing line, a trailing stop will be triggered and Panic Sell will be activated.
Why do I need the “Take Profit: [actual buy] ХХ%” setting on the MoonBot terminal’s Settings – Main tab?
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Interface configuration