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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