Im using BTC/USD on BTCe exchange. I sold my BTC at 1200 and want to make sure I maximize my profit (more btc) as the market is going down so I want a trailing buy order to follow btc at current market +8% which will make sure my USD will purchase BTC at a $ amount but still under the $1200 sell point and follow the market down ideally which will maximize my profit in terms of the # of BTC when the trade does execute. So I am banking on BTC losing value in this particular situation.
Ok
I sold my BTC at 1200
With CAT : You create a PING SELL @ 1200
I want a trailing buy order to follow btc at current market +8% which will make sure my USD will purchase BTC at a $ amount but still under the $1200 sell point
Ok, so you want at least a 8% Gain right? 8% GAIN is BUY @ 1104
If you set GAIN AT 8% CAT will create a PONG Order that will never be over 1104.
The only things that actually is not able to do is follow the downtrends : if your 8% Gain is possible, CAT will execute the PONG Order, even if price is going down to -9% -10% etc....
This is a feature i will add in the coming versions, it's already in my todo list.
