• Blog
  • Go to cleo.finance app
  • Blog
  • Go to cleo.finance app

Trading

home/Knowledge Base/Trading/Smart Trade
Popular Search:How to connect OKX exchange, What are transaction fees, Templates

Smart Trade

Written by Team cleo.finance
March 28, 2023

In Smart Trade, you are able to create your own custom entry and exit conditions by typing or simply selecting from the data-rich dropdown and automating your trading setups via Automated Loop.

You are also able to backtest your automated trading strategies before actually deploying them live.

You can do further customization for each condition by editing its parameters in terms of period, time frame, inheriting an asset, etc, and more.  After creating your conditions, the Asset Management tool lets you define your leverage and initial margin, and you can set multiple stop losses and take profits.

In Manual Trading, you can define your leverage and initial margin, and you can set multiple stop losses and take profits and place your trades instantly.

We will be covering all those in detail throughout the documentation.

Visualize and Modify

Once you set your position, you are able to view and modify it right on the chart if you like.

Manual Trading

In Manual Trading, you can trade an asset using Market order, with up to 4 Take Profit and 4 Stop Loss orders.

null

You can switch your position to either long or short position. Then you can set your volume and protections. You can also get started instantly with the predefined Manual Trading templates. You can use them right away or edit for the way you want to.

In Manual Trading, you don’t create entry and exit conditions like in Smart Trading. Your position opens immediately and your position is closed by your stop losses and take profits.

Manual Trade guide gif

You can find detailed information about how to set your volume and protections in the Asset Management section.

Smart Trade

In this part of the documentation, we are going to be mentioning the Smart Trading.

Cleo.finance Smart Trading guide gif

In Smart Trading, you are able to create your custom entry and exit conditions from a data-rich dropdown menu. You can either create your conditions by simple typing or you can select them on the dropdown menu.

With Smart Trading, you can create your own custom trading bots instantly. There are 2 options in the Smart Trade automation:

  • Only Once: This option allows you to automate your ideal Smart Trading setup to be triggered only once when your conditions are met.
  • Loop: Loop feature allows you to automate your trading setup perpetually and lets you analyze your Loop strategy’s performance with its extensive statistics. You are also able to replay your Loop’s position history via the Position Replay tool.

Conditions rules Smart Trading cleo.finance

Your conditions can be customized further when you click on them. You can adjust their periods, exchange, asset, and time frame.

Smart Trade Gif

Important: Please keep in mind that, the smart trading size is calculated from the realized balance, not from the available balance.

What does this mean for you?

Some of your position might not get opened because of not having enough balance which means that in the meantime some other positions could be opened and this will result in changes in your balance.

As a simple example:

Let’s say that you have 2 smart positions. They both have 600 USDT of position sizes and you have 1000 USDT in your balance in total.

One of those smart positions opens and your new balance will be 400 USDT. This will result in not having enough balance for your other position with a 600 USDT position size and your second position won’t be able to open.

Was this helpful?

Yes  No
Related Articles
  • What are transaction costs – slippage, spreads, and fees?
  • Asset Management
  • Conditions Templates
  • Automated Loop
Features
Smart Trading
Automated Loop
Position Player
Asset Management
Earn & Exchanges
Cashback
Affiliates
OKX
Binance
Company

About us
Pricing
Documentation
Blog

Legal

Privacy Policy
Cookies Policy
Terms and Conditions
Cashback Terms and Conditions
Affiliate Program Terms

  • Copyright 2023 CLEO Finance Ltd. All Rights Reserved.

Popular Search:How to connect OKX exchange, What are transaction fees, Templates