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Altrady Support Altrady Support
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Closed This request is closed. You can still comment, but it stays closed unless the team reopens it. Trading

Virtual/Pending orders: to have many limit orders and do not freeze the deposit

It's a killer feature of another trading terminal Finandy.

Imagine I have a $1000 deposit and I'm watching 10 coins. I want to spend all my money on those coins that drop down to the prices I consider attractive.

At the current flow, I have 2 options to do so:
1. Put a $100 limit order for every coin. I will freeze my entire deposit, blocking me from intermediate trading. And in case of market fall, not every coin will reach an attractive price, so only a few orders will be fulfilled. Leaving me with a small % of depo in the coins after a significant fall which is frustrating. If I want to spend the rest of the budget I have to go thru all my buy orders, cancel them to unfreeze the deposit, and then use it for market buy. Slow and tedious way.

2. Set alert. Market by every time price reached the attractive level. Simply doesn't work if you sleep during the fall, or if you are not fast enough.

Virtual orders behave the same way as usual limit orders, the only difference - Altrady's bot will put the actual limit order only in case the price reached the virtual limit order's price. In this case, the deposit is not frozen as there are no actual limit orders on the exchange, so I'm able to put, for example, $300 virtual limit orders for every coin and will be fully in coins in case 3-4 coins will reach the order's price.

Suggested over 4 years ago

3 comments

[email protected]

Hi, In other words it's a conditional order. I made a request for that
https://roadmap.altrady.com/b/trading/ability-to-use-stops-with-threshold/

over 4 years ago

[email protected]

I also added a request. Upvoting these. Big time add to the utility value of the platform.

over 4 years ago

[email protected]

yes this is a very good idea. now my funds is always stuck.

over 4 years ago

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