Hi. Not sure if this is a noob question but does anyone know any exchanges where the following exists? Hope it makes sense.
- Dual stop loss & sell limit…
I would like to set up a trade to sell some tokens/coins. I would like to set it so that you could set it to either sell at a specified price as a limit order if it goes up to secure profits, &, with the same tokens also have stop loss at a certain price if it goes down to minimise losses.
For example with a pairing of BAT/BTC, if I have 100 BAT, and the current price of BAT is 0.00004000, and i’d be happy to sell if it reached 0.00005000 to secure profits, but if it dropped to 0.00003800 then i’d want to sell to cut potential losses.
However it seems like I can’t put the same 100 BAT tokens in an order that would fulfil both possibilities, only one or the other.
- Do you know any exchanges which are reputable which do trailing stops? I am quite surprised that Coinbase Pro & Binance don’t have this function given their position in the markets.