Pending orders and stops configuration

Pending orders help to implement a trading strategy on breakdowns, as well as set stop loss and trailing stop more accurately.

 

Trading Order types:

  • Buy - a pending Buy order. Will be placed on the exchange when current market price drops to specified orders' price. (Use it to catch a coin on dumps without reserving balance). After execution turns into a sell order. Can be configured to set up future sell price and future sell order's stops levels.
  • Sell - a Sell Limit order.
  • Buy Stop - a pending conditional Buy order. Turns into a Buy Limit order after the specified conditions met. Can be configured to set up future sell price and future sell order's stops levels.

Window with active orders: each order contains order's type, price, stops On\Off and other parameters. To remove pending order, click "X" button to the right. To show market chart for the coin in an order click "Active" or "Pending" caption. To edit an order click on its type caption.

 Crypto currency trading pending orders

 

Creating and editing orders:

To create new order click the button "Order" to the right of the market chart. To edit an existing order click on its type caption. For example, to edit the PTOY Buy Stop pending order from the picture above click on the "BuyStop" caption:

Crypto currency trading pending orders

 

  • Order Type: Once created, can not be modified.
  • Buy Stop condition: Buy Stop order will be executed when current market ASK price will reach specified price. (current ASK > specified ASK).
  • Order Price: The Limit order price. For a Buy Stop pending order you may want to set higher price then the buy stop conditional price, otherwise your order most likely won't be executed. If you edit the order price for an active order. the order will be replaced for a new price.
  • Sell price: After a buy order is executed, all bought altcoins will be sold at specified price. You can set either global or fixed price. Global is main window's [actual buy +X%] sell price, fixed is the absolute value.

 

Stops configuration:

  • You can turn on\off the Stop Loss for each order independently of the bot's global stops settings. If you don't specify fixed levels then global settings for the levels will be used. If you specify fixed stop loss price and current market BID fell to this price, the bot activates Panic Sell which can further drop your sell order to the spread value (0%..2%, configure in the main settings). The bot will not drop price any lower! For example, in the picture above there is stop loss price 0.00020, Panic Sell Spread from the main settings is 2%. In this case if the PTOY BID price fell below or equal to 0.00020, the bot will try to sell PTOY for the best possible price from 0.00020 to 0.000196.
  • Trailing stop: You can use either global or fixed for this particular order. If you specify the Take Profit price ("Activate after price  > X" checkbox), then the bot will activate trailing only after the specified Take Profit is reached. For example, in the PTOY order above Take Profit is 0.00025, this means that trailing wont be activated until price is higher then 0.00025 (current ASK > 0.00025); If the price has raised to 0.00030 and dropped after, trailing will be activated and will try to sell your order for the best possible price from 0.00025 to 0.00030.

 

Important:

  1. Pending orders will be executed only If you push the Start button in the main window.
  2. After you push the Start button, every pending order which conditions are met will be executed even If those conditions was met long ago!