We also have a video guide available for this article:
We will show you on example how to set a simultaneous stop loss and take profit in this article.
1. Go to the tab "New task", select exchange and pair. In our example, this will be OMG-BTC.
2. Choose the direction. We have BTC and we want to buy OMG cheaper and sell it at a more expensive price. Therefore we choose Long. The price suits us. We will buy by ASK for 0.5 BTC.
3. Now go to the main thing. In the Selling type, we click on the "Trailing stop loss". In order to put a fixed stop loss - enable "Fixed max stop loss" and in the field Max Stop Loss (in%), set the required value.
Suppose that we want to hedge and are ready to lose 5%. We want to earn 8%.
Suppose we do not want to use trailing. Then, in the field "Profit (in%)", set the value to 999999. This value will not be reached (and if it does, then it will not happen before our take profit), so the trailing will not work.
4. Then click on Take Profit. We want to sell all the coins at 8%. Then click on "Create task".
Thus, OMG will be purchased at 0.00055400 BTC. It will be sold either at 0.00053105 BTC or at 0.00060372 BTC.
If you want to put a float stop loss, set trailing parameters or use trailing simultaneously with take profit and do not know how to do it - read this article.