How to Set Up Automatic Stop Loss and Take Profit in Tiger.com: 2 Methods
🚀 Automate your risk management and trade with confidence! In this video, we'll show you how to set automatic stop-loss and take-profit orders in the Tiger.com terminal. This detailed guide will teach you how to use built-in tools to protect your profit (PNL) and limit losses without having to constantly be in front of the screen.
🐯 Register with Tiger.com Broker (save up to 35% on commissions and other trading benefits): https://broker.tiger.com/ru/
🐯 Download the Tiger.com terminal: https://www.tiger.com/terminal/login
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We'll explore two powerful ways to set stop-loss orders in Tiger Trade to make your trading more systematic and less susceptible to emotion. These features are indispensable for styles such as scalping and day trading, especially when working with volatile assets like cryptocurrency on the Binance exchange. Proper risk management is the key to trading success. ✨
📌 What you'll learn in this guide:
— Order Book Settings: We'll show you step-by-step how to set a fixed stop loss and take loss in points, which will be applied immediately after entering a trade.
— Trailing Stop: We'll explain how to activate and configure a trailing stop loss, which will automatically move with the price, protecting your accumulated profits.
— Protective Strategies: We'll create and configure a "protective strategy" in the trading module. This method allows you to set stop losses and take profits as percentages, which is much more convenient for different instruments.
— Linking a Strategy to an Instrument: We'll show you how to link a created protective strategy to a specific ticker (for example, PEPE) so that it activates automatically with every trade.
This practical trading training from TigerCom is useful for both beginners (trading for beginners) and experienced TigerTrade terminal users. You'll learn how to effectively use automatic stop-loss and take-profit, which is the foundation of a professional approach to trading.
Every trader should be able to place orders correctly. After watching this video, setting stop-loss and take-profit in the Tiger Trade terminal will become a simple and straightforward task. Improve your trading discipline and protect your deposit with the powerful functionality of Tiger Trade.
Timecodes:
00:00:05 Method 1: Setting up via order book parameters
00:00:35 How does automatic stop loss work in points?
00:01:21 How to set up and use a trailing stop (trailing stop loss)
00:02:28 Method 2: Setting up via "Protective Strategies"
00:03:17 How to set stop loss and take profit in percentages
00:03:55 How to link a protective strategy to a specific instrument
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