SnapEx has recently upgraded a few key features for the app and web trader.
Our latest product update (Version 2.5.2) enables Take Profit (TP) and Stop Loss (SL) limit orders to be placed below or above your opened orders. While previously SL can only be set at a maximum of 5% below or above an open order, this latest upgrade will have no such limitations.
This means that if you have an open trade and the market is moving in your favour, you will be able to fully protect your profits by adjusting your SL higher or lower (depending on your Long or Short order) in real-time.
Let’s say you are trading BTC/USDT and looking to open a margin of 100 USDT at 8,595. Your chart analysis tells you the price may move up, so you choose to go Long at 25x leverage. You set your SL at 8,361 and TP at 9,327.
The price then later moves in your favour and passes the 8,800 mark. You want to protect your profits in case the price swings back to your open price. So, you set your SL at 8,700 (which is now above your open order of 8,595) and TP remains unchanged.
Since you’re now able to set your SL above your Long order, no matter what happens to the price movement, your trade will be profitable.
The second upgrade in this latest version will feature a multiscreen Trading View on SnapEx web trader. You can now view multiple trading screens at once - whether you'd like to view different time charts or cryptocurrency charts.
With the multiscreen feature, you will be able to monitor multiple charts at once. You no longer need to click to open and exit different charts on the web trader. Managing multiple trades and analysing various time charts has never been this easy.