For Bitcoin stop loss take profit, you don't have to translate computer computer programing to realize that phytologist, businesses, the bold, and the brash area unit cashing metallic element on cryptocurrencies. This pass around will help you to get started, but e'er remember that Bitcoin investing carries a peaky degree of speculative risk. Enter the amount of the maximum allowable loss - the money that is lost when the Stop Loss is triggered. Then, Leverage for margin trading, if not using, then 1. Current price of the asset, loss limit (Stop Loss) according to the strategy or estimated exit price of the transaction. The simple formula looks like. Jun 03, · A Stop Loss Order is a type of order where a user can set the amount of an asset they wish to sell at a desired price BELOW the current market price. For example: The price of Bitcoin is currently at $15, and you want to sell if the price drops to $14,
Bitcoin stop loss take profitHow to calculate profit/loss on bitcoin - Quora
Please manage your risk appropriately when using this feature. This could be used in circumstances where you feel the price of your coin will increase and you want to sell at a specific price target, but do not want to watch your screen until this happens. Therefore, you could set a Take Profit Order at your desired rate and if the price reaches your specified rate, our system will trigger to execute this trade for you. They also enter in the amount of Bitcoin they want to sell, which is 1.
There are no limits for the size of Stop Loss and Take Profit Orders, although larger orders may be broken down and executed at different rates.
Please note that if multiple Stop Loss or Take Profit Orders are made at the same price, these will execute one at a time on a first made first executed basis. The trigger price is used to let our system know when to execute your order.
If the market is moving rapidly, your order may execute at a different rate to what was specified, due to the state of real time order books. This may work in your favour and you may sell your assets for a price higher than you listed, however it may also execute at a lower price.
Please note that our system will always attempt to execute at the trigger rate or as close to the rate as possible. Please manage your risk appropriately when using these features. The fee will be displayed clearly on the confirmation window prior to confirming the transaction.
Although these orders types generally fill at approximately the price specified, notable slippage may cause an order to execute at a lower rate. On the contrary, if you want to set a stop loss order for your open short position, you will have to set a trigger price higher than the market price, in order to close the position at the order price to stop loss.
Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
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