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Simple stop market order below/above current price

General discussion about Haasbot's Order Bot. (Beginner)
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Joined: Tue Jan 30, 2018 11:50 pm

Simple stop market order below/above current price

Postby CarCon » Wed Jan 31, 2018 12:26 am


How do we set up a simple stop market order to buy if the market reaches a specific price above the current?

For example I want to make a bot that sells 50 LTC in LTC/USD with Bitfinex using margin if price falls to a set price; 150, that is below the current market price of say: 200.

I have tried with a bot that uses a fixed price indicator that is allowed to use short signal only, and in parameters the sell price is 150.
However this makes the bot sell 50 LTC when price is above 150 and has still not touched it.

What is the way to place stop market orders based on price only?


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