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Title: Limit Orders with Bitcoins Post by: lessPlastic on June 15, 2011, 04:27:35 AM Limit orders are when you set up a trade to execute when the price hits a certain amount, whether it be buying at a low price or selling at a high one. Looking at BTC/USD graphs, there are a lot of spikes in both high and low directions. Is there a way to set limit orders (without writing a bot from scratch), and would it be advantageous to the process of trading?
Title: Re: Limit Orders with Bitcoins Post by: S3052 on June 15, 2011, 05:06:05 AM I guess you mena STOP BUY, STOP LOSS, and I would also add to the wishlist TRAILING STOPS, ONE-CANCELS-OTHER, etc.
Title: Re: Limit Orders with Bitcoins Post by: jbmiller10 on June 15, 2011, 06:11:41 AM Perhaps we should throw together a bounty to attract someone to code an application with this functionality. Mt. Gox has a trade api, so I don't imagine it would even be that difficult, though I admittedly don't know a thing about programming.
The lack of basic trading functionality like stop buy/loss (also trailing stops, etc) makes it significantly more stressful/time consuming to trade bitcoins. |