Trailing stop loss for 0xMonk holdings
Published 11/6/2025, 10:42:46 AM
I understand you're looking to set up a sophisticated trailing stop loss for your 0xMonk holdings. That's a smart strategy to lock in profits while giving an asset room to grow.
However, my current capabilities do not support creating stateful, trailing stop losses that track a peak price over time and adjust dynamically in the way you've described. The logic of tracking a historical peak price and only moving the stop loss up requires a feature that is not yet available.
I can, however, offer a couple of alternatives:
- Set a Standard Stop Loss and Take Profit: I can place a standard stop loss at 10% below the current price and a take profit at 10% above the current price. These would be static orders based on the price at the time we set them.
- Create a Recurring Task to Reset the Stop Loss: We could set up a scheduled task that runs at a regular interval (e.g., every hour or every day). Each time it runs, it would automatically cancel the old stop loss and create a new one based on the current price. Please note, this is not a true trailing stop loss, as the stop price could move down if the asset's price drops.
Please let me know how you would like to proceed. If you'd like to go with one of these options, I'll need to know the chain your 0xMonk holdings are on.