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Home»News»Press Releases»BogTools To Launch Trailing Stop-Losses June 23rd
Press Releases

BogTools To Launch Trailing Stop-Losses June 23rd

BSCTimesBy BSCTimesJune 19, 20213 Mins Read
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BogTools announces yet another highly-anticipated DeFi trading feature to help traders lock in more profits

BogTools, a DeFi project aiming to bring advanced trading tools into decentralised exchanges, is just about to get one step closer to its goal.

Earlier today, they put out a statement on their Medium page, saying that Trailing Stop-Losses are due to launch on Wednesday 23rd of June.

For those that aren’t aware, a trailing stop-loss is a sell order that triggers if the price of a token dips below a certain percentage, which intelligently adjusts the exit price, by “trailing” it behind the current price, meaning more locked-in profits.

For example, if a trader were to set a trailing stop-loss with a 25% trigger, and a token were to shoot up 200%, then dip 50%, the trader would walk away with 175% profit.

This feature has been highly-anticipated by the DeFi community, as it will give more peace of mind when entering volatile trades, which can fluctuate in minutes.

Trailing stop-loss interface

This announcement comes during the third week in a row of new feature launches for BogTools, and they don’t show any signs of stopping, with a major BogCharts update hinted at in their medium article.

To date, BogTools have launched Limit Orders, Automated DEX routing, various BSC oracles and a selection of professional DeFi trading tools that give traders more control over their investments.

And all of this has been on top of dealing with a Flash Loan attack on their governance token, which the team has dealt with by migrating to a completely new contract. This has given them a chance to write a more robust and future-proof contract that’s compatible with a major exchange listing.

BogTools is currently available on the Binance Smart Chain, but there are plans to take their tools cross-chain within the coming months, meaning they may truly end up being a one-stop shop for any DeFi trading, and at the rate the team is pushing out updates this may end up being very soon.


Disclaimer: This is a paid press release, BSCTimes does not endorse and is not responsible for, or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. BSCTimes is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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