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
Upon trigger activation, the selected order type will be executed:
- L - Limit
- F - Floating
- M - Market
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.
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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Last modified 19d ago