Either you probably made a mistake with the take profit order, or it wasn't triggered, especially if the price spike to $24450 was in a flash. Please try to specify more how the TP order was set up. Another option would be to contact support to get a helpful response.
Secondly, you haven't told us if you were using spot or futures market
Topic: I am losing money because take profit orders are not working. - page 3. (Read 549 times)
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?
You can mention the name of your platform. Then it would be easy to understand where the problem is. And if I speak for myself, then first of all I will tell you to change your trading platform. Take a good reliable exchanger for this you can take as these-Binance , FTX ,Ku-Coin . Binance is leading now and FTX is known as best lower withdrawal fees . You can choose from these. I think your trading platform scammer, your exchanger selection is wrong please do research when you are going to invest anywhere 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?
why can something like that happen?, if I may know where do you trade? does it include top tier 1? otherwise you are really out of luck, but if you trade on a tier 1 exchange platform then you should mention it,
so that they realize that their exchange is really bad!
set your tradingview, select the BTC pair with the source of the exchange you are using so that the price can be the same. it's probably an unequal exchange. each exchange price difference. even if only a little it will be very influential, as in your current situation, the scalping that you do is not executed properly. I've experienced something like that, only missing a few digits, but it didn't execute and even the price continued to fall. Before trading you must check everything so that things don't happen that can be detrimental.
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?
That's weird as it should be executed. Try to check your orders and see if, on that exchange, it really hits your preferred price.
Exchange rates vary per exchange and trading platform. You need to rely on the exchange where you actually placed your order.
Next time, try to watch it as possible as you can to have a test. Come back here once everything is confirmed.
This is not strange I think. You have to understand that different exchanges have different stand point for price. Is not that it is totally different from each other, it is just a little, very little difference either caused by the difference in buy and sell order which is where your exchange make some profit for your order or for trading and executing your order. Depending on different exchanges so the difference varies and that can be called like pips difference. What you notice varies too and can be to your favour when it comes to stop loss. Sometimes you feel you have lost your trade order to stop loss when you open your trade but you find out is just a pip above your stop loss order and you may end up winning that trade at the end. I'm not saying that exchanges don't scam traders, they do especially during the volatility time, they can increase the spread (difference between buy and sell pips) and if you are running out of capital then you can easily lose everything and this makes that while trading you reduce your risk because you can lose or gain but gradually accumulating profit is better because you build more confidence when you are in profit, losses gives you panic always.
Every exchange has its different pricing and it's better to look at the price where you're trading. It's also possible that no one has ordered at that price you've set.
The market is volatile and you have to take into account that even if you see the price move to that price order you're about to sell, it doesn't mean that all exchanges have reached that price if the market starts to go down a bit. But, check it again.
The market is volatile and you have to take into account that even if you see the price move to that price order you're about to sell, it doesn't mean that all exchanges have reached that price if the market starts to go down a bit. But, check it again.
Based on your post history it seems you're using Bitget.
After looking into Bitget, the price already exceed $24,448 but it's weird why the take profit orders aren't working. I suggest you to read the whole instruction and requirement for put take profit orders [1] maybe you have missed something and it didn't perform.
If you keep experience this issue on the next time, it's better to use other good centralized exchanges e.g. FTX.
[1] https://support.bitget.com/hc/en-us/articles/360044804892-Take-Profit-and-Stop-Loss-available-now
Hi, I would like to start copytrading with Bitget and I have a couple of questions.
After looking into Bitget, the price already exceed $24,448 but it's weird why the take profit orders aren't working. I suggest you to read the whole instruction and requirement for put take profit orders [1] maybe you have missed something and it didn't perform.
If you keep experience this issue on the next time, it's better to use other good centralized exchanges e.g. FTX.
[1] https://support.bitget.com/hc/en-us/articles/360044804892-Take-Profit-and-Stop-Loss-available-now
First, what exchange platform are you using?
if possible exchange with bad reputation. Of course, there is a chance that you will be scammed by the exchange.
secondly, you can check the bitcoin price on your exchange. because indeed the price movement in each exchange sometimes there is a difference. if you rely on data from coin market cap or other platforms, of course, there will be price differences.
if possible exchange with bad reputation. Of course, there is a chance that you will be scammed by the exchange.
secondly, you can check the bitcoin price on your exchange. because indeed the price movement in each exchange sometimes there is a difference. if you rely on data from coin market cap or other platforms, of course, there will be price differences.
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 platform are you using? Better to double check your price based on the selling price because you might input the wrong number that's why you can't proceed with your selling. You're scalping for how many times already before this happen? This is rare not unless you are using an unfamiliar exchange and planning to scam you which I think, should be a big concern especially when you do trading. To get the real answer, better to contact their support now. 
However the price has not reached the target execution price (your order was $24448, the price was $24450). But price dropped to $24300, did you cancel the order before it crossed your trigger price?
If the exchange you use is not liquid enough, the difference between buy and sell orders will be larger which causes your order to be put in the sell queue. Or at worst, you are using an exchange with fake trades.
If the exchange you use is not liquid enough, the difference between buy and sell orders will be larger which causes your order to be put in the sell queue. Or at worst, you are using an exchange with fake trades.
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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?
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.
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?
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