Last Buy Price Drop Loss

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

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Usage

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Last updated 6 years ago

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

e

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 1%, and the price of Bitcoin drops to $495, then this will execute a sell order at $495.