Application Release 5.4 | Revolutionize Your Trading with Automated TP and SL on Binance and KuCoin using Alpha Impact
Automated TP and SL New Feature Alert:
Optional TP/SL Prompt for Autocopying Portfolios on Alpha Impact
Alpha Impact has recently announced the addition of automatic Take Profit (TP) and Stop Loss (SL) for Binance spot and KuCoin spot portfolios. With this new feature, we aim to provide users with a more comprehensive trading experience, offering greater control over their portfolios, which will help them manage risk and maximize profits.
It is an excellent addition to the Alpha Impact platform’s suite of features, which includes social trading, copy trading, and auto copy trading.
Read on to discover how Alpha Impact can help you maximize your profits and provide you with a comprehensive trading experience.
Release Notes: Refresh your browser to receive the latest updates.
How do I set up TP/SL for my portfolios?
To set up Take Profit / Stop Loss (TP/SL) for your portfolios:
Step 1: You first need to connect your Binance / Kucoin exchange to Alpha Impact Platform.
Step 2: Go to your “Profile” and select any of your connected Portfolios that you would like to set on Alpha Impact.
Please ensure that you have made access to Trade API permission.
You would have to toggle from the “Combined” account to the “Trading” account. You will be able to see on the top right that there’s a “Manage my risks” button. Click on it.
Step 3: Read through the requirements before clicking on “Set up now”
It’s important to be cautious when depositing or withdrawing funds from your portfolio (Trading Account) as this could trigger your TP/SL limits based on the new portfolio balance.
Please note that once the TP/SL threshold is reached, assets meeting the minimum trading value requirement (as determined by the portfolio’s exchange) will be converted to stablecoins. Additionally, ongoing auto-copy will be stopped in such instances.
4: Setting TP/SL via Profile > Portfolio is quick and easy, and can be done in just a few clicks.
Choose the amount that you would like to set for TP / SL. This amount will be based on how much funds you have in your trading account.
If you would like to move/ transfer funds to your trading account, please refer to:
Once the threshold for TP/SL is hit, the portfolio will be rebalanced to stablecoins, provided that the exchange’s minimum trade requirements are met.
This will make it an essential tool for both novice and experienced traders.
Manage My Risks
Tracking Liquidation Fees: Binance USD-M Portfolios
This new feature allows users to monitor and track liquidation fees within their Binance USD-M portfolios, providing greater transparency and insight into portfolio performance. By keeping tabs on these fees, users can make more informed trading decisions and optimize their overall portfolio performance.
What You Should Know About Alpha Impact’s Risk Management Tools
- Users can set up TP/SL by connecting their exchange to Alpha Impact
Step-by-step guides on how to connect your exchanges to Alpha Impact Platform:
- Ensure you have funds in your trading account on Alpha Impact
- Assets meeting the minimum trading value requirement set by TP/SL will be converted to stablecoins, and all ongoing auto-copy will be stopped.
- Deposit or withdrawal of trading account funds will cause your TP/SL limits to be triggered based on the new portfolio balance.
Make sure to follow the necessary steps and consult our support team if needed to ensure a smooth conversion experience.
Profile
Enhanced Portfolio Customization for Binance USD-M: Featured Portfolio and API Key Expansion
You can now showcase your Binance USD-M portfolios as your featured portfolio on your Profile Summary. This makes it easier for others to see your investment choices and track your progress.
API Key (Linked Portfolio)
Alpha Impact API Key Expansion to 4 servers
To create more robust security on the Alpha Impact platform, you have to whitelist these 4 servers:
• 52.220.91.198, 13.213.195.58, 34.143.176.17, 35.240.143.136
Step-by-step guides on how to whitelist your API keys
For Kucoin users, you are not required to whitelist your API keys.
Portfolio Owners Can Now Access KuCoin API Permissions
If you have a KuCoin account, you will also be happy to know that the API permissions are now shown to the portfolio owner.
You can access it by going to the “Linked Portfolios” page and selecting “Edit Details”
UX Enhancements
- Sticky Table headers (eg. Order history in Portfolio details) to follow the user scroll
- Minor UI color & border updates
- Other minor UX enhancements, scalability improvements, and house cleaning
Join us in exploring the exciting world of auto-copyable portfolios for monetized traders and unlock the potential for profitable trading with Alpha Impact!
About Alpha Impact
Crypto Made Easy.
Alpha Impact is a social trading platform designed to bring trust to crypto trading. Whether you want to copy an expert trader automatically or you’re already a crypto trader and want to build and monetize your following, we’re building the infrastructure to take the guesswork out of crypto trading.
Traders on the Alpha Impact platform are some of the top-performing traders in crypto. In good markets or bad, our traders are incentivized to share their trades and trading strategies through the Alpha Impact platform. Finally, a place where users can filter through the noise and learn about crypto trading from experts with a visible track record. What’s even better is that traders have the incentive to share their investment thesis, analysis of the market, and the reasons behind their trades.
Built by experts from the traditional finance space, our philosophy is to empower everyone to become a crypto trader. Whether you’re a beginner wanting to learn from an expert, or an expert wanting to get paid, we’re here to democratize access to this industry, one trade at a time.
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