Take profit and Margin call (Stop loss) levels allows the Multi HODL user to choose and manage their investment risk according to their needs.
There's a minimum required Margin Call price for each Multiplier level: from -47.8% (for X2 multiplier) to -8.2% (for X10 multiplier) for the UP direction. Users can set any Margin Call price (or price change in percent) above this level. As for the DOWN direction, users may choose any level below +91.2% (for X2 multiplier) to +8.89% (for X10 multiplier). This rate is an example as of Jul 31, 2020. Check actual rates on the platform. The margin call is a required field, and it always set to the maximum value by default.
How it works: If the coin price drops below this level (or rises above for the DOWN direction), YouHodler will automatically close the position. Please note, that on the huge market movements there could be some slippage and the actual close price may be slightly different from the level you set.
About fees: YouHodler will not charge Origination and Hourly fees in case of a Margin call (Stop loss). The only fee you pay in this case is a service fee which is from 5% (for X2 multiplier) to 2% (for X10 multiplier), taken from the total borrowed amount of your chain of loans.
Take profit is not set by default so you need to enable it manually on your Multi HODL. With Take Profit, YouHodler closes your position once it reaches a certain price level.
About fees: no additional fees will be charged. With Take Profit, you pay the standard Origination, Hourly, and Profit Share fees.
How to set Margin Call and Take profit levels
To adjust Take Profit and Margin Call (Stop loss) levels, go to your Multi HODL detailed view and press the Adjust TP & MC button.
There, you will see a popup where you can enable/disable your Take Profit level and set both MC and TP levels. There are three options to set comfortable close levels:
- Set a closing price;
- Set a potential price increase in %;
- Check with max. profit and max. loss values – in these fields you may see what amount of profit/loss you get in case of TP or MC. Please note that these amounts are calculated without any fees you'll have in the future.
Press the SAVE button to apply your new levels to your Multi HODL. You will see your new Take Profit right on the chart in the Multi HODL detailed view. Both Margin Call and Take Profit levels can be set/changed anytime without any additional fees.