How to setup a Full Trade

ProfitBot allows you to automate your trading entry and exit strategies using the Full Trade feature. This is a simple yet powerful feature that enables you to have an edge over other traders by automating and executing your strategies 24/7 while you are away from the markets.

Orders created in traditional exchange interfaces have several limitations:

• You cannot place a take profit or stop loss until you own the asset
• Liquidity is locked when you place a limit order
• You cannot set multiple level take profit orders in one submission
• You have to deal with complex screens and interface of exchanges that is not for the faint hearted

You can open a full trade by going to the Trade page and selecting the "Full Trade" tab

There are various order types to use with a Full Trade that are usually not available on exchanges:

1. Entry: Limit/Market/Stop-limit/Stop-market
2. Stop-loss: Stop-limit/Stop-market
3. Take-profit: Limit/Stop-market

Full Trade is use to automate your entry and exists for the following buy and sell order types

Entry (Buy Order)

Stop-loss (Sell Order)

Take-profits (Sell Order)

In this Example Full Trade Order, I am going to use the following entry and exit for a BTC / USDT pair. I will be setting a strategy to buy BTC and take profit at certain levels and also define a stop loss criteria that is all automated by the Profitbot platform once placed.

Coin Pair: BTC-USDT

Entry: $41,000

Total Amount: 0.1 BTC 

Stop-loss: $38,540 (-6%) (0.1 BTC)

Take-profit 1: $43,050 (+5%) (0.05 BTC)

Take-profit 2: $45,100 (+10%) (0.05 BTC)

You first place the Entry scenario with a limit order of $41,000 USDT to buy 0.1 BTC. You can either use the amount field to type or the slider scale to determine what portion of the USDT asset you want to use to buy BTC. You then click Next to add your Take Profit Targets as shown in the screens below

Once you entry the two Take Profit exits you may also wish to enter a stop loss. We highly recommend this for all traders so you limit your losses in the event the market crashes.

You can do this by clicking the Stop-loss tab and entering the trigger price and amount details and adding the entry.

Once you have added the entry and exit, you will be able to see a Trade overview section below with details of your entry and exit information.

Once you click the place order button you will be presented with a screen to confirm with all the information to review and confirm.

Once you hit confirm the order will be placed in our system. Remember this is not currently placed on the exchange. The advantage of Full Trade feature is that this trade is being monitored for the Trigger price to be achieved before the order is placed on the exchange. This means your underlying USDT funds are not locked in your exchange. This also means you can set several other pairs to purchase using the same USDT funding for example, ETH when it reaches $1500 or ADA when it reaches $1.00 or SOLANA when it falls below $100 etc.

Imagine the power of wanting to make a buy order for all assets you are interested at bargain prices pre-entered in the system and waiting for the system to auto execute when a market crash occurs; all this whilst not holding your USDT base asset. 

Once the order is placed order will be listed in the Order history section.

You can click on the green eye symbol next to the order history item to see a popup overview of the full trade order with information of the status on each entry and exit.

Full Trade is a simple and easy way to automate your entry and exit positions and let the platform do the work for you.