The Auto TP/SL (Take Profit/Stop Loss) feature on MevX is designed to help traders optimize profits and manage risk more effectively.
This tool is currently available for Raydium trades and will be expanded to other platforms soon.
Setting Up Auto TP/SL
- Advanced Settings Access: Go to the Advanced Settings section during a trade.
- TP/SL Configuration: Easily set desired take profit or stop loss by entering a positive value for TP or adding a “-” sign for SL. This helps automate your profit-taking or risk-limiting strategies as the token price changes.
- Expiry Option: Define the duration for your TP/SL command by setting an expiry time. When the set time expires, the order will be automatically canceled, ensuring you don’t miss opportunities or risks beyond your control.
- Automatic Application: Once set, the TP/SL will apply to all future transactions, allowing you to focus more on strategy rather than constant manual adjustments.
Key Features
- Risk Management: Set a predetermined Stop Loss to protect your assets if a token’s value drops unexpectedly.
- Profit Optimization: Set a Take Profit level to automatically secure gains when the token reaches your desired profit level.
Auto TP/SL simplifies trade management and minimizes the risk of missing profitable opportunities while preventing losses from price declines.