Automatically activate Stoploss even if the price drops below Trigger Price, Stop Price
I had a problem before when using a Stoploss order, because I specified the Stop Price / Trigger Price as $1, but the market dropped to $0.90 instead of touching $1 which caused the my Stoploss is not activated because price not reach 1$, causing disadvantages in trading. I would like to propose that Altrady launch an additional Stoploss -> Low than Stop Price/Trigger Price feature.
How it works:
I set the Stoploss price to 1$
and Distance is 0.9$
When the price touches the level of 0.99$ 0.98$ 0.97$ 0.96$ 0.95$ 0.94$ 0.93$ 0.92$ 0.91$ the Stoploss order will be automatically activated and the price of the Stoploss order will depend on the market, for example the price of the coin is 0.98$ It will Stoploss at that price and will change continuously according to the market price
I heard about Trailing Stoploss and setting trigger price and distance by entry %, but it will be detrimental to my profits.
For example: Trigger Price is 3%, but the price of the coin increases to 3500$ and when it touches 3395$, stoploss will be automatically triggered while I expect the price to retrace to 3395$ and increase to more than 3500$.
Suggested over 2 years ago
1 comment
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Kindly note, that this is how the Trailing Stop Loss should function already.
Please reach out to us on our support chat, so that we can investigate this further (click on the chat button at the bottom of the following link):
https://support.altrady.com/en/
over 1 year ago