Topic: How about trailing stop limit orders? (Read 173 times)
Stop loss and trailling stop is should be to use in trading activity to minimize the risk from high volatility of crypto, but the problem is so many exchange do not provide this feature and only some of them provide it. in my experience in trading when i did not use stop loss its will be very difficut to make profit consistently because when the price dumped will be loss in big amount. Stop loss feature is very important thing to use to cut the loss automaticly because we can not monitor the market in 24/7.
Beside Binance and others exchange that has this function, to have trailling stop in crypto trading also you can use MT4 platform. Use MT4 to trading crypto is more easy than on exchange because this platform has full function, like trailling stop, buy or sell limit, buy and sell stop and also take profit and stop loss that easy to use it only by drag.
In my opinion stop limit order/ trigger order is very important to use it as stop loss and trailling stop, this feature is very usefull in crypto trading to cut loss from wrong prediction and to minimize risk in trading. And also this function give benefit when the price going up, because this function also can be use for trailing stop to lock the profit. Personally i only used exchange that offer this function, like Binance, Bittrex, Bitfinex, Bibox, Okex, Poloniex and Gdax.
Can one use trailing stop limit orders when trading crypto currency? I haven't found an exchange with this option, unfortunately.
So, I wonder, are there any exchanges that provide trailing stop limit orders for crypto currency trading? What are your experiences with that? Thanks.
Jump to: