Binance stop limit orders | Bitcointalksearch.org

Dutchytalk

newbie

Activity: 39

Merit: 0

Quote from: madnessteat on March 22, 2020, 07:51:52 AM

Quote from: Dutchytalk on March 21, 2020, 11:32:04 PM

~snip~

I think that if exchanges will use these two instruments at the same time, they will earn less. I just do not see any other reasons.

I don't think they would earn less in fact I think they would earn more unless they are also trading in their own markets. Just say I went to sleep and set a stop limit order and the price goes up then they made 0 commission but if I could also set a sell order at a mark the market hit then I would sell and they make commission. With tight parameters like most people would set if going afk they are almost guaranteed one extra commission from members while they sleep or go afk.

Thanks for all the replies people I will have a look at those other two exchanges!

madnessteat

legendary

Activity: 2310

Merit: 2073

Quote from: Dutchytalk on March 21, 2020, 11:32:04 PM

~snip~

I have always wondered why it is possible to place stop-loss and stop-limit orders in the trading terminal at the same time, for example https://3commas.io on the same Binance, and it is impossible to do it on the exchange itself. I think that if exchanges will use these two instruments at the same time, they will earn less. I just do not see any other reasons.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

As far as I remember both OKEx[1] and Kraken[2] has stop limit features. Not sure if my memory is serving me right though, go take a look.

As for Binance, I'm really not sure why. You can submit a request to them if you want to: https://binance.zendesk.com/hc/en-us/requests/new

[1] https://www.okex.com/
[2] https://kraken.com/

Dutchytalk

newbie

Activity: 39

Merit: 0

No one is surprised when using Binance why it's the most used and trusted exchange and I've sent a request to them about adding this feature.

I don't know why you can't place a sell order with the same coins that have been put into a stop limit order. You can do it with a bot and I can't see why I can't manually set such parameters? It only makes sense for such an exchange to have such an option and I'm sure it would be extremely simple for their programmers to make it possible.

To save me a lot of messing about could anyone point me towards a top ten exchange that allows this option?

Topic: Binance stop limit orders (Read 124 times)