Need HELP with crypto-trading

Harnur

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I want to do stop-loss trading with both buy & sell option.

if i buy BTC at 3600, i want to put stop loss trigger at 3500, but if BTC hits 3700, i want to sell immediately.

But with stop-loss we can create ONLY buy OR sell order, can't create simultaneous order(that checks both the condition and sells accordingly).

how can i solve this problem?
 

GRABBA

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You can't create a simultaneous buy and sell order unless you have more funds to put in to buy more BTC and if you a willing to sell a specific percentage of BTC.

If you are going to sell 100% of the BTC that you have then Its best to set stop-loss in favour of the amount you are willing you lose and keep an eye on the market for profits you are seeking to gain.

If you are busy and might not have a lot of time to keep watch on the market I would suggest getting an app that alerts you when BTC is in your profit level or in the loss for you.
 

Harnur

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You can't create a simultaneous buy and sell order unless you have more funds to put in to buy more BTC and if you a willing to sell a specific percentage of BTC.

If you are going to sell 100% of the BTC that you have then Its best to set stop-loss in favour of the amount you are willing you lose and keep an eye on the market for profits you are seeking to gain.

If you are busy and might not have a lot of time to keep watch on the market I would suggest getting an app that alerts you when BTC is in your profit level or in the loss for you.
I know, i can't create both orders simultaneously, but i need a way around this problem, maybe bot-trading might help..i don't know.
 

foglaspo

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I want to do stop-loss trading with both buy & sell option.

if i buy BTC at 3600, i want to put stop loss trigger at 3500, but if BTC hits 3700, i want to sell immediately.

But with stop-loss we can create ONLY buy OR sell order, can't create simultaneous order(that checks both the condition and sells accordingly).

how can i solve this problem?

I have been working around this one as well. I am actually developing a bot to solve this issue it is almost done but not 100% yet :(.

The workaround I use for now is from Coinigy.

In coinigy you can actually set multiple stop orders on either side. as the order is not moved into the exchange as long as the limit condition is not Matched,


upload_2019-1-4_23-31-30.png

In this example you have the opposite which is buying at two different prices. but for the selling it works the same. You could buy into a coin and set two different stop limit sells.

But be aware. Once the first stop condition is matched. the order will be put into the exchange and you will lose the second order.

I hope this helps.
 

Harnur

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I have been working around this one as well. I am actually developing a bot to solve this issue it is almost done but not 100% yet :(.

The workaround I use for now is from Coinigy.

In coinigy you can actually set multiple stop orders on either side. as the order is not moved into the exchange as long as the limit condition is not Matched,


View attachment 111351

In this example you have the opposite which is buying at two different prices. but for the selling it works the same. You could buy into a coin and set two different stop limit sells.

But be aware. Once the first stop condition is matched. the order will be put into the exchange and you will lose the second order.

I hope this helps.
does free version of coinigy contain this feature? if coinigy solves this problem, then why are you building your own bot?
 

foglaspo

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does free version of coinigy contain this feature? if coinigy solves this problem, then why are you building your own bot?

Actually coinigy is not free. I pay their service every year. (Somewhere like 170$).

I'm building the bot because:

1- It is easier to use and faster

2- because it is free.

3- final version will be more automated than coinigy
 
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