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Mubite

Mubite Introduces Limit Orders for Take Profit and Stop Loss on CLEO Platform

risk-management automated-trading execution-tools trading-platform

Mubite has announced the integration of a new feature on its CLEO platform designed to simplify risk management and rule compliance. Traders can now set limit orders for both Take Profit (TP) and Stop Loss (SL), enabling automated execution of their exit strategies.

This functionality allows users to cap potential losses on individual trades, protecting the daily drawdown, and lock in profits automatically once the price target is reached. As these are automated orders, the system executes the trade closure even when the trader is away from the screen.

Setting Up Orders on CLEO

To implement these tools within the platform, users should follow these steps:

  • Open the dashboard and click on the active trade or pending order to be adjusted.
  • Go to Position Management in the top-right corner.
  • Click Edit to modify the order settings.
  • Choose the Limit execution type for the Take Profit and Stop Loss.
  • Click Save to activate the orders.

Professional Risk Management

This update aims to encourage more disciplined trading by allowing exit plans to be defined before entering the market. The goal is to prevent traders from making decisions under emotional pressure while prices fluctuate, establishing technical exit parameters prior to clicking buy or sell.

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Mubite

Mubite Launches "Crypto Wars": Free Trading Tournament with $1 Million in Prizes

Mubite has announced the launch of "Crypto Wars," a seven-day trading competition designed for traders to showcase their skills in the cryptocurrency market without capital risk. Participants will receive a $100,000 simulated account to trade via the Cleo platform, competing for a total prize pool valued at over $1,000,000 in challenge accounts. Tournament Structure and Rules The competition focuses exclusively on maximizing PNL (Profit & Loss) over the one-week period. Unlike standard evaluations, this tournament does not require reaching a specific profit target or meeting a minimum number of trading days. However, strict risk management parameters remain in place: Daily Drawdown: 5% ($5,000). Total Drawdown: 10% ($10,000). Prize Distribution The tournament will reward the top 100 ranked traders and offer additional opportunities through giveaways. The main prizes consist of "Mubite 2-Step Challenge" accounts: 1st Place: $200,000 account. 2nd Place: $150,000 account. 3rd Place: $100,000 account. 4th and 5th Place: $50,000 accounts. 6th to 10th Place: $25,000 accounts. Traders ranking between 11th and 50th will also receive smaller challenge accounts ($10,000 and $5,000), while all other participants will earn Mubite Points. Giveaways and Social Tasks Additionally, the firm has launched a Gleam campaign where users can complete social media tasks to enter 10 random draws for $10,000 challenge accounts each. Registration for the tournament is free, and accounts will automatically unlock for trading on September 14th.

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