Ratchet

Ratchets help you maximize profits

The problem with traditional TP/SL orders is you don't know how high or low the price will go. Say you got in at $127.50. You may set a TP at $129 and call it a day; however you don't know how high SOL will go until it starts dropping again.

Min/Max Execution Price

You can set a min execution price of $129. This is the worst price the order bot will execute your order at; however when price reaches $129, the order won't execute immediately.

Ratchet Size

The ratchet size is the amount the price will ratchet up by. So as price goes above $129, up to $130, the new min execution price will be $129.50. As price continues to go up, say to $135, the min execution price will ratchet up to $134.5, etc.

A bigger ratchet size will mean that you can catch larger up-swings but are going to capture a lower price from the peak.