Most leveraged crypto traders set multiple take profit targets before entering a trade-in calculate the Risk-Reward Ratio and decide whether the trade is a good opportunity. You can set (up to 10) take profit targets before starting a trade by integrating 3Commas with your derivatives exchange, such as Binance or FTX.
Setting up the trade
In this example, we are trading Curve DAO token (CRV) on FTX Futures. We have an entry price of $2.7612, three take profit targets at $2.91345, $2.9979 & $3.0939 and a stop loss at $2.59840.We will configure the trade together using the 3Commas Smart Trade interface.
We've set our Limit Buy at our entry price and are about to add our first take-profit target, as you can see in the image above.
We've placed all of our take profit and stop-loss targets here. The only thing left is to create the trade and double-check that everything is as it should be.
That was all; you've now learnt how to use the 3Commas Smart Trade terminal to set multiple take profit targets.