Last Buy Percentage Drop Loss

Last Buy Price Drop Loss Safety is a that works by allowing a user to set a numeric amount so that if the price drops by X amount, in relation to the last buy, the bot will sell the bought in an attempt to get out of the market.

Usage

PreviousAdvanced Block NextLast Buy Price Drop Loss

Last updated 6 years ago

Was this helpful?

Last Buy Price Drop Loss Safety is a that works by allowing a user to set a numeric amount so that if the price drops by X amount, in relation to the last buy, the bot will sell the bought in an attempt to get out of the market.

Usage

This is useful if the user wants to protect against a sudden drop in the price when they are in a bought . For instance, if a user's buys Bitcoin at 500 and the Last Buy Price Drop Loss is set to $5, and the price of Bitcoin drops to $495, then this will execute a sell order at $495.