Mizar Smart Trading

Crypto smart trading is the use of automated programs and algorithms to buy, sell, and trade digital currencies such as Bitcoin and Ethereum on cryptocurrency exchanges. It involves programming software to watch market trends, set up strategies for buying and selling and execute trades efficiently with minimal human interaction.

Stop Loss is an order placed to buy or sell a token once the price of it reaches a pre-defined level. Stop Loss orders are commonly used to limit losses and are placed above market prices in the case of short positions and below market prices for long positions. When the specified crypto stop loss order price is reached, the order will be executed, automatically closing out your position in the security and protecting your original capital from further losses.

A multi-take profit order is an advanced order type that allows traders to exit a position with different take profit orders placed at various price levels. By entering one command, multiple take profit orders can be created at once in order to maximize profits or protect gains on a position. The advantage of this crypto take profit strategy is that it allows the user to set the different levels of take profits and thereby take the market into their own hands. The user can specify several prices they want to exit their positions at, with each lower target having an associated size or percentage suited to the risk appetite of the trader. Oftentimes, traders use this strategy when they want to manage their trades in smaller increments so as not to miss out on prolonged steady gains.