Topic: I am losing money because take profit orders are not working. (Read 549 times)
The best way that you can alleviate that is by probably getting more conservative with your trading. Imagine if your exchange failed to reach your order limit because of the lack of liquidity, then the best way is you will adjust towards it. Make yourself even more evident and ensure profits in the short term. I think in the long run, you can get that back. But you just need patience for it.
this is often the case. I'm pretty sure that what happened to the OP was option B. I often see this on several exchange sites. for example, when we choose the standard bitcoin price on preev, and if the preev price reaches $25k for 1 bitcoin, then most bitcoin prices on other exchanges could be below that price, or above that price, and maybe, bitcoin price on an exchange reaches $25k instantly, and a 3rd site like preev or other sites reads that price as the highest price, while the average bitcoin price on the exchange is still in the $22k to $23k range. Well, you should check the bitcoin price reached on the exchange where you trade.
That is why we can't just rely on any app that will alarm us when it hits the set selling price for this is likely different from the actual price instead, we use the said platform or exchanges to warn us if it is available. In fact, as we can see from the CMC as a set point, we can surely see it was a different price from preev.com. Of course, not it works perfectly, and often to lose the chance of we do this. If we are in trading be sure that we are facing on the computer until it was done or use trading bots if it was available. Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
Maybe your exchange doesn't have a lot of liquidity, so the buy order value in that price range is not as big as the sell order value, so your sell order isn't executed.Better to traders in major exchanges so you will see big liquidity and your scalping trades easy to execute.
To my knowledge for scalping trading, big liquidations have a big impact on trades success
This is not possible because the last price will not print higher than OP limit order unless his order is already filled because the last price should be the set price if the issue is the liquidity. I believe the real issue here is because the exchange price that he is using on tradingview is not same with the exchange he is using because exchange has different liquidity and it’s possible that the last price on other exchange is not the same to other.
Sorry, but your words are incorrect. When you place an order, sometimes only a percentage of the order is executed, perhaps 25% or 50% or any other percentage. What does that mean? This means that there is not enough liquidity to execute the order even though the price has already touched that point. Therefore, only part of the order is executed, not the entire order, and the rest of the people behind you in the queue will not be executed.
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
It happened because
A- your exchange is scamming you
B- every exchange has a unique price. Just because you see a certain price at trading view, it don’t mean that btc actually hit that price on your exchange.
Have checked the charts in your platform? Did btc really hit 24450 there? Let me guess… it didn’t.
Perhaps there is not enough liquidity to execute the order, all orders are placed in the queue and when the price reaches that point, the orders that were placed first are executed, if the liquidity is sufficient to demand at that point all orders are executed, but if it is not enough, only the first orders are executed .
I mean, for example, the volume of orders at that point can be equal to 2 BTC, but the demand is only 1 BTC, so the first orders are executed until the volume reaches 1 BTC, and the orders after that are not executed because there is no liquidity.
I mean, for example, the volume of orders at that point can be equal to 2 BTC, but the demand is only 1 BTC, so the first orders are executed until the volume reaches 1 BTC, and the orders after that are not executed because there is no liquidity.
This is not possible because the last price will not print higher than OP limit order unless his order is already filled because the last price should be the set price if the issue is the liquidity. I believe the real issue here is because the exchange price that he is using on tradingview is not same with the exchange he is using because exchange has different liquidity and it’s possible that the last price on other exchange is not the same to other.
Perhaps there is not enough liquidity to execute the order, all orders are placed in the queue and when the price reaches that point, the orders that were placed first are executed, if the liquidity is sufficient to demand at that point all orders are executed, but if it is not enough, only the first orders are executed .
I mean, for example, the volume of orders at that point can be equal to 2 BTC, but the demand is only 1 BTC, so the first orders are executed until the volume reaches 1 BTC, and the orders after that are not executed because there is no liquidity.
I mean, for example, the volume of orders at that point can be equal to 2 BTC, but the demand is only 1 BTC, so the first orders are executed until the volume reaches 1 BTC, and the orders after that are not executed because there is no liquidity.
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
It's better to show us some screenshots to be honest since many things can happen when you use the platform, maybe your connection is the problem or maybe the platform is the problem. If you miss for taking profit then just hold for another target since we are positive that crypto will reach their ATH again in the next few years.
and I use Binance, maybe the platform the OP uses is not as good as Binance, because if the take profit feature is an error, then Binance immediately fixes it
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
It's better to show us some screenshots to be honest since many things can happen when you use the platform, maybe your connection is the problem or maybe the platform is the problem. If you miss for taking profit then just hold for another target since we are positive that crypto will reach their ATH again in the next few years.
and I use Binance, maybe the platform the OP uses is not as good as Binance, because if the take profit feature is an error, then Binance immediately fixes it
A strong internet connection is very necessary when trading and taking profits. You have to make sure that you have a stable connection before transacting
How could that have been an Internets fault, I mean, this is not like the OP said he was executing the trade as at that time. Its a pre-order upon the market to take certain actions when price hits certain levels. The Internet can hardly play any role in that as this is strictly on the system and have nothing else to do with the network of the OP.Quote
if that isn't the problem then maybe it's the exchange system's error.
This I might agree with as sometimes, exchanges could manipulate the chats or you have a price jump in order to make traders take trades and you would find users Take profit and Stop loss being avoided. It's an error upon the system. Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
It's better to show us some screenshots to be honest since many things can happen when you use the platform, maybe your connection is the problem or maybe the platform is the problem. If you miss for taking profit then just hold for another target since we are positive that crypto will reach their ATH again in the next few years.
and I use Binance, maybe the platform the OP uses is not as good as Binance, because if the take profit feature is an error, then Binance immediately fixes it
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
It's better to show us some screenshots to be honest since many things can happen when you use the platform, maybe your connection is the problem or maybe the platform is the problem. If you miss for taking profit then just hold for another target since we are positive that crypto will reach their ATH again in the next few years.
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
It's better to show us some screenshots to be honest since many things can happen when you use the platform, maybe your connection is the problem or maybe the platform is the problem. If you miss for taking profit then just hold for another target since we are positive that crypto will reach their ATH again in the next few years.
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
It depends on which exchange you are trading because you can't say the price of bitcoin reached 24400 if you see the value on preev or trading view or any other price tracking website cause every exchange has its own supply and value which means the price also adjust according to that. In most of the legitimate exchange where the volume is high enough has no risk with executing orders so choose the exchanges carefully. Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
There can be multiple reasons why your profit order wasn't filled. The first question would be to check how long the bitcoin price stayed above 24.448. If it was only a short period of time than there might not have been enough buy orders to fill your sell order. It can also help to check the traded volume at that time period to see how many people actually managed to sell their positions. This week has been a bad weak for crypto markets, there were a lot of more sellers than buyers in market and the bitcoin price dropped a lot. It can be that there weren't enough buyers to take off all the bitcoins before prices falling. Also trade size might play a role, if only small or large orders have been prioritised. I would still recommend you contact the exchange directly and inquire about your trades, just to be sure that everything is legit.
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
What exchange are you trading at and are you sure bitcoin has reached 24450 USD at that exchange. Can you provide more screenshots?Sometimes the prices on all exchanges are not 100% the same, there is still a slight price difference between the exchanges. cases like this I have heard quite a few times and mainly because the prices in each exchange may not be exactly the same, it also happens in the forex market.
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
To be on a safer side I think it's better to sit down and close your trade manually and not to rely on the exchange to automatically Take Profit afterall scalping involves sitting down and monitoring of prices as well as swift trading execution due to high volatility in the prices of cryptocurrencies, some of the exchanges or trading platform are unrealiable and untrustworthy, if a complain is made of a trade not perfectly executed or trading gone wrong, they will attribute it to technical glitches which is irreversible thus damages and losses had already been incurred. Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
Are you sure about what you're saying dude? Then you didn't mention which exchange platform you used? Then as far as I know it depends on the exchange site, because the price of the bitcoin they have is not the same and they also have different volumes bitcoin on every exchange. now with your issue it seems strange, except that when there should have been a profit, it was the one who suddenly had a problem with your internet connection. or maybe you forgot that you canceled your place order that you thought was set there.
And this is what went wrong to OP, he miss the chance because of late updates from the exchanges which disappoint him. That is why in trading whether it was scalping, spot trading, or all forms of trading we have to use reputable exchanges and updates are on time because this is very important and trader deals with every change they saw on the market especially if you are using candlestick as an indicator.
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
Are you sure about what you're saying dude? Then you didn't mention which exchange platform you used? Then as far as I know it depends on the exchange site, because the price of the bitcoin they have is not the same and they also have different volumes bitcoin on every exchange. now with your issue it seems strange, except that when there should have been a profit, it was the one who suddenly had a problem with your internet connection. or maybe you forgot that you canceled your place order that you thought was set there.
Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
Maybe your internet connection is bad? or your exchange platform has different pricing in cryptocurrency. I'm also confused, I mean you could manually do that if you were scalping, scalping only uses small timeframe in trading, so why use a automatic take profit feature? If you are scalping, I suggest only use 1 or 2 coins only, for you to monitor it easily and do the take profit manually instead.
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