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I've set up a Binance stop-limit order but I'm not sure if it triggered and actually set up the limit order. Hoping to get some expert advice on my situation from community members that have used stop-limit orders. Below is my overall scenario which has been modified to use simplified numbers to make it easier to follow along. Last night
A coin was pumping and by the time I noticed the pump, the coin was at 1000 sats.
I thought it would go up to 1500 sats so I set up a sell limit order at 1500 sats to lock in profit (assuming it actually went up to 1500 sats).
But my overall goal, assuming the price went up to 1500 sats, was to eventually buy back in lower. I thought if it goes up to 1500 sats and I could exit my position, eventually it would drop back down to 1250 sats and I can buy back in.
I could have stared at my computer, hoping that the price went up to 1500 sats (target exit price), and if it did then I would immediately set a buy limit order at 1250 sats (target buy back price).
But it was getting late in the night and I had to sleep. So I wanted utilize a mechanism where if the price did rise to 1500 sats (at which point my existing sell limit order would trigger), then create a buy order at 1250 sats so I can buy back if the price drops down to there. I thought a buy stop-limit order would work with these parameters:
Stop price = 1500 sats
Limit price = 1250 sats
Amount = # of coins I wanted to buy back in
This morning I woke up today and saw my sell limit order at 1500 sats got triggered and my position was exited. In my Open Orders window I still see my buy stop-limit order. What I'm unsure about is if this open order is the original buy stop-limit order I put in last night, or if it is the actual buy limit order that was made when the buy stop-limit was triggered. Since I put the buy stop-limit order stop price at 1500 sats, I'm thinking it should have triggered (because the price did go up to 1500 sats overnight which is proven by the fact that my sell limit order at 1500 sats executed overnight and my position is existed). But in my open order window, the Order Type = Stop-Limit , with a Trigger Condition >= 1500 sats. I was thinking that I'd wake up to see a regular buy limit order which was created when my stop-limit order was triggered overnight, but visually it looks like it is the original buy stop-limit order. Basically I can't tell what is it in my Open Order window: is it the original stop-limit order, or the corresponding limit order? Should I just cancel whatever is in my Open Order window and just create a new buy limit order at 1250 sats to buy back in? Or should I trust that if the price dips to 1250 sats, this order (whatever it is) will correctly buy coins at 1250 sats? This is my first time trying to use the stop-limit order function so basically I can't tell if it is working or not. I think it should have worked because my stop price of 1500 sats was certainly reached last night...but not sure. Any advice would be appreciated.
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Confused about Binance's wording of sell stop-limit order
Binance's wording makes me think that for selling, stop-limit does not work as I assumed. For example, if I set a sell order with stop 0.003 and limit 0.002 Binance says:
If the last price rises to or above 0.003 X, an order to sell 100 Y at a price of 0.002 Y will be placed.
And in my order list indeed I see Trigger Conditions of >= 0.003. Other articles explained that it should actually work the other way - trigger when price again drops below 0.003 and then execute the limit order of 0.002. For example, on some other exchange:
Stop - think of this as the "trigger price." If you place a stop-limit order to sell, it will turn into a regular limit order when the highest bid drops to or below the stop.
So, I'm not so sure what's going on there. From Binance's wording I might think that my order will be executed immediately when the price rises up to 0.003, but if I would have wanted that I would have created a simple limit order with 0.003 limit instead of the stop-limit with 0.003 stop and 0.002 limit. On the other hand, their wording for the buy stop-limit order seems correct, at least in the screenshots here: https://support.binance.com/hc/en-us/articles/115003372072 Indeed - for buy orders stop-limit should be from the rising side, thus Trigger Condition >= is correct and "rises to" is correct in buy order context. And stop limit for sell orders should be from the falling side with Trigger Condition <= . Maybe it does work that way on Binance and only their wording is reversed, or is it implemented wrong? Or do I misunderstand it and sell stop-limit orders should not actually work in opposite way to buy stop-limit orders?
Hello, Just a question about sell stop limit orders on Binance. Say I have 10,000 Cardano and I want to sell it for ETH. So, if I enter a sell stop limit order (say for ADA at 0.00045 ETH stop price, and 0.00046 ETH for the limit price), once the price ADA/ETH price hits my stop price of 0.00045 the order becomes activated. But what happens if the price doesn't hit my limit price of 0.00046 ETH before the price dropped back below the original stop price? If the price dropped back to/or below the stop price of 0.00045 ETH, would the ADA sell at the stop price? Any advice would be appreciated. Regards.
On multiple occasions, my Stop-Limit or Limit orders were prematurely activated, i.e., prior to hitting the stop in Stop-Limits, or the Limit on Limit orders. I use the Stop-Limits as a measure to prevent loss past a certain point, not before that threshold is met, I am not happy at all. Anyone else have this issue?
So my buddy tells me that on a new update of the Binance app he now has stop limit orders on his phone. He has an Android, just like me, but my app is fully updated and I don't see any stop limit orders. Do you guys just think he's full of shit? Because I have no idea why he would have access to stop limits when I don't. Especially since I'm running on a Pixel 2, with Android 8.1 Oreo. There's literally no better phone you could possibly run an Android app on. With that said, is there a way to do stop limit orders on a mobile device through Binance?
Binance mobile app- please include stop limit orders. And PLEASE allow simultaneous stop limit orders for buys and sells!
Binance- if you're reading, don't you agree you would attract many more users, especially active traders, if you allowed users to both protect their downside AND take profits on the upside via automated stop orders? Might also throw in that adding margin trading would be fantastic! Keep up the great work. I tried registering to multiple exchanges, and yours was the easiest in approving me and seems to have fast trade execution along with a great interface. Finally, am i right in understanding that if I convert my BTC holdings into your BNB coin that all BNB paired trades are free? If so that's awesome (as long as BNB doesn't plummet in value while I hold it!)
Read our complete guide on how to set a stop loss on Binance and how to use OCO order in Binance. Cryptocurrency trading is becoming very prevalent these days, Because of the volatile nature of crypto more traders are hooked to it. Read also: What is Bitcoin and How Does it Work. he Stop Price is reached, or a Stop Limit Order, which posts a Limit Order when the Stop Price is reached. 2.5.5 A Stop Market Order is subject to slippage in the same way as ordinary Market Orders. A Stop Limit Order is not guaranteed to Fill. The Web Interface will display a warning each time a Trader attempts to place a Stop Order. 2.6 ... Uno stop-limit order è uno dei tre tipi di ordini che puoi trovare su Binance. Prima di proseguire questa guida, consigliamo di leggere quelle dedicate agli ordini limit e market.. Il modo migliore per comprendere uno stop-limit order è scomporlo in stop price e limit price. How to Use Stop-Limit Order on Binance Why Should You Use Stop Limit. 2018-04-20 Crypto. Source: Read Full Article. binance stop limit; binance stop loss; bitcoin; Crypto Nick; cryptocurrency; cryptocurrency examples; cryptocurrency market; cryptocurrency news; CryptoNick; eth; how to stop limit c... Should you interested to learn more about stop-limit order, you may visit Binance Academy for more information. How to place a stop-limit order? 1. Enter the stop price, limit price and order quantity you want to place. 2. A confirmation screen will pop up. Click “Sell/Short” if you confirm to place the order.
STOP LIMIT ORDER TUTORIAL: BINANCE & GDAX! How to set a ...
What is a Stop-Limit Order? Learn about Stop Limit orders and how to use them on Binance the Cryptocurrency Exchange. Subscribe to keep up to date with more ... To Trade on Binance exchange: https://www.binance.com/?ref=11662211 Binance recently added the Stop-Limit order functionality for all cryptocurrency markets,... Stop limit orders explained. Most complete stop limit order tutorial. This is by far the most requested video. How to set a stop limit (stop loss) order on B... Binance save 10%: https://www.binance.com/en/futures/ref/blockbuilders In this video I am going to explain ho the stop limit order works at Binance. ... Register with Binance: https://www.binance.com/en/register?ref=37567081 What is a Stop-Limit Order? A stop-limit order is one of the many order types you wil...