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Virtual order

Last updated 16/05/2023
When the trigger price is crossed, a real order is executed, similar to a stop order.
Advantages:
  • Does not freeze funds in the wallet
  • Not visible to other market participants
  • Can be used to break resistance lines

Order type

Upon trigger activation, the selected order type will be executed:
  • L - Limit
  • F - Floating
  • M - Market

​Trigger

Specify the event that will trigger real order placement:
  • Last price Currency pair last price is monitored every 2 seconds for any changes.
  • Order book Detects price changes in the best bid prices for a buy and ask prices for a sell in the order book, guarding against false price breakouts.
  • By candle's close Select candlestick range to compare closing price to trigger price.

​Trigger price

When the trigger price is reached, a real order is created.
Set price for the limit order when trigger is activated.
For example, a buy order is created:
  • Trigger price = 0.4108
  • Order price = 0.41
It means, a limit order is placed at 0.41 when price reaches 0.4108.
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