A limit order is an order to buy or sell a stock ( in our case it’s a cryptocurrency ) at a specific price that was preset by the user that can be ordered by the software once the price on a chart reaches the preset price .
A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.
* A limit order is not guaranteed to execute as the price may not reach the preset amount
Stoploss : is activated when a price of a cryptocurrency goes down to a preset price that is low enough to stop a trade as it’s very dangerous to wait for the price to go back up. Once it reaches the preset lower price the stoploss triggers and it sells the cryptocurrency at 1% loss Instead waiting for the user to come and find that the price had dropped to 3% down.
The thing that I’m actually looking for is ( sorted step by step & should be done automatically read step 3 properly )
1- I will buy an alt coin by my self on [login to view URL]
2- I will place a limit sell, ( I will sell an Altcoin to receive bitcoin ), it can be done using your bot or from [login to view URL]
3- This is where your bot should do it’s automated stuff, Once the limit sell is executed, the bot should instantly and automatically sell the bitcoin it received from my sell on step 2 to receive usdt.
At the steps 2/3, If the price didn’t move up, instead it moved lower than a preset amount, it should sell to usdt instantly
The reason for this bot is to increase safety while trading, if I do manual trading normally, when I reach step 2 and receive bitcoin and keep it as bitcoin, the volatility of the bitcoin can take the profits I had from the deal, that is why I want it to instantly sell the bitcoin for usdt since usdt is more stable than btc
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Hello sir. How are you today? I have checked your proposal carefully and understand it well. I have good experience in trading bot development. Please send message for detail discussion. Best regards.