Smart Trade

Smart Trade is an advanced trade type in the Tiger.com web terminal. It provides extended functionality and allows entering and exiting a position using one or multiple orders. A Stop Loss and Take Profit can be set for the whole position.

How to create a Smart Trade

Smart Trade can be created in one of the following ways:

• by placing a regular buy or sell order;

• by clicking «+» next to an existing asset in the mini portfolio.

When creating a Smart Trade by placing an order:

• select a trading pair;

• select the order type (Limit / Market / Conditional);

• specify the price and amount;

• place the order — it will appear in the active trades list.

The placed order forms an entry position and serves as the base for a Smart Trade with additional settings.

Trade editing window can be opened in Active Trades by clicking the trading pair or the pencil icon next to the selected Smart Trade.

Setting Take Profit and Stop Loss

At the stage of placing the initial order, there is an option to add Take Profit and Stop Loss parameters immediately or configure them later. When the TP/SL block is enabled, two modes are available:

Basic mode

In Basic mode, fixed levels are set:

Stop Loss — allows locking in the lower boundary of profit if the trade is already in profit, or limiting the loss when the price moves in a direction unfavorable for the trader;

Take Profit — allows closing the trade with a profit when the price moves in the direction favorable for the trader.

Basic mode

Advanced mode

In Advanced mode, extended position management settings are available:

• enabling Trailing Stop Loss and Trailing Take Profit;

• adding a Take Profit ladder.

Advanced mode

Two main ways to work with Smart Trades

1. Several independent trades. This approach allows adding separate Stop Loss and Take Profit levels, averaging orders and other functions for each trade and tracking their results independently. For this, the trade creation window (Method 1) is used. Each order created in this window opens a separate position in the trade list. When working with futures contracts, trades for the same pair created with Method 1 are displayed on the exchange as one combined position.

2. Single combined position (similar to a futures position on the exchange). In this case, all operations for the pair are managed in the trade editing window (Method 2) using the averaging tool.

Trade creation window (Method 1)

Trade editing window (Method 2)

When working with Smart Trades on futures contracts, trades for the same pair are displayed on the exchange as one combined position. Even though Method 1 tracks trades separately in the web terminal, on the exchange they form a single position with one common liquidation price.

Trade creation window (futures)

The Trade window is used to open a position. In addition to the familiar elements, it includes margin information, a leverage slider, and margin type toggle buttons.

• Margin — funds reserved on the trading account when a position is opened;

• Margin type:

  • if Isolated margin is selected, risk is limited to the margin amount specified when the trade is opened;

  • if Cross margin is selected, all funds on the futures account balance serve as collateral for open positions;

• Leverage — a tool that allows multiplying the trade value.

Trade value = Leverage × Margin

The liquidation price is shown on the chart after the initial order is filled on the exchange. To view the liquidation price, open the trade in edit mode.

If a position is liquidated on the exchange, all trades for this pair and in this direction are closed in the web terminal.

Smart Trade parameters

Smart Trade editing window

The Smart Trade editing window contains four main blocks:

1. Basic information. Trading pair, direction, Trade ID, comment button, creation date and time, current result. Above the Trade ID there is a page-shaped icon that opens the list of all orders related to this trade.

2. Position entry. Entry price levels, coin quantity and amount of funds spent. The button at the bottom of the block (+Buy or +Sell) is used to average the position. A single click on the «+» adds a Trigger to a limit order; a second click on the «+» switches the control to Trailing mode and enables Trailing Buy/Sell.

3. Position Exit. Stop Loss and Take Profit. This block automatically calculates the expected profit or loss that will be received when closing the trade. It also contains controls for: Trailing Stop Loss, Trailing Take Profit, Stop Loss Timeout, Breakeven, Auto Take Profit, and switching between Limit and Market Take Profits.

4. Smart Trade controls.

   • ❌ — closes the editing window without saving changes (in active editing mode);

   • ◀️ ▶️ — moves to the previous or next Smart Trade in the list.

In editing mode, all key information about the trade is displayed on the chart, which makes it easier to change parameters and add or remove levels in an interactive way.

Smart Trade interface

The Smart Trade interface consists of the editing window and the trade list. The example shows the same position in the editing window (top right) and in the trade list (bottom). The key elements are:

1. Profit or loss percentage. Displayed for the trade (by default without taking leverage into account). The value including leverage is shown when hovering over the result in the trade list.

2. Order list icon. Located in the top-right corner of the editing window and next to the trading pair name in the list of active trades. It opens the list of all placed and executed orders within the selected trade.

3. Averaging and Take Profit steps. Up to four active averaging steps and up to eight Take Profit steps can be added in the editing window. The total limit of averaging and Take Profit steps is not restricted: new steps can be added after already created ones are executed. For example, if four averaging orders were set and two have already been filled, two more can be added.

4. Control buttons.

   • ✏️ — opens the editing mode for the selected Smart Trade;

   • 📤 — disables the Smart Trade and cancels all unfilled orders in this trade. Assets and open positions remain on the exchange;

   • 💲 — closes the Smart Trade at the current market price: a counter market order is created to close the remaining trade volume (this button is not shown for active limit and conditional orders until the initial order is filled). The «💲» button next to the Filter by Pair in Active Trades closes all active positions at the market price.

Key concepts of creating a Smart Trade

1. Simple buy or sell. For a simple buy or sell of a coin, the trade window is used, where the main order parameters are set.

2. Earning on a price decrease (analog of a short). Earning on a falling price of a coin on the spot market is implemented via the Sell direction. The trade specifies a Stop Loss level (limits loss if the price rises) and a Take Profit level (allows buying the coin back at a lower price and locking in profit in the quote currency).

3. Adding Stop Loss and Take Profit to existing assets. Stop Loss and Take Profit for a coin already in the portfolio are added via a Smart Trade. The «+» button in the mini-portfolio next to the asset opens the Smart Trade window. No additional purchase of the asset is performed: the terminal uses only the coins that were previously bought and are already in the portfolio. If part of the coins is locked in other exchange orders, such orders must be cancelled first.

On spot, the entry price can be set manually. Profit or loss for the trade is then calculated from this entry level.

For futures positions, entering entry price and volume is not required: the necessary information is imported automatically from the exchange.