Virtual order
✔ Description of using virtual orders on the Finandy platform to create orders when a trigger price is reached without freezing funds. Detailed description of how virtual orders work and settings
Last updated
✔ Description of using virtual orders on the Finandy platform to create orders when a trigger price is reached without freezing funds. Detailed description of how virtual orders work and settings
Last updated
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.
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.
Do you have any questions? We can help you in our Telegram chat.
