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Regarding adding the “trailing up” feature to Binance trading bots, this has several effects and benefits:
1. Improved performance: The “trailing up” feature allows the robot to better control selling trades, as the robot holds open positions until the required selling price is reached. This leads to an increase in the percentage of profits earned.
2. Minimize losses: “trailing up” helps avoid sudden losses by closing open positions when the pre-determined selling price is reached. This limits fluctuations in profits and losses.
3. Flexibility and customization - Most smart trading platforms provide customization options to adjust the “trailing up” values based on the trading strategy. This gives traders more control over risk management.
4. Improve Discipline: Using the “Follow” feature helps traders gain emotional control and avoid making hasty decisions. This improves discipline in buying and selling operations.
Overall, adding the “trailing up” feature to Binance trading bots improves traders’ strategic performance and supports better risk management. It is a useful feature to improve long-term earnings results.
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