Bitcoin Forum

I have set something like this up already using 3commas and a custom indicator in tradingview but it's a bit complex and would be easier if a crypto exchange or other platform had this feature directly. Basically, I want to be able to set a stop-entry and stop-loss order and have it repeat indefinitely (until I turn it off), so it would be like if I set a stop-entry with price $100 and stop-loss at $95, once the price reaches $95 and triggers the stop loss it then would immediately re-activate a new stop-entry order at $100. Does anyone know if there are exchanges or platforms that have a feature like this? Thanks

Do you need OCO orders (https://academy.binance.com/en/articles/what-is-an-oco-order)?

You can pick one of bots from [BIG LIST] Crypto Trading Bots (https://bitcointalk.org/index.php?topic=5278392.msg55268254#msg55268254) and set up your OCO orders.

Exchanges don't support repeatedly OCO orders and you must use trading bots.

The stop entry you set will be canceled, not reactivated. It is impossible that you will be able to place a new order if your balance has been used up on the previous order (it won't even be on the trading bot).

But you can try KuCoin, you can create unlimited stop-loss orders (stop-limit on kucoin) because it won't reduce your balance before the trigger price is reached (which will later become a limit order by reducing as much volume as you enter on the stop loss order. origin). The stop losses that you create will not cancel each other out.

If you want to do that, you should set many orders to buy and sell because the exchange does not have those features.

For example:

1. Set buy-entry with price $100 and stop-loss at $95 (if the market going down)
2. Set buy entry at $93 and stop-loss at $90 (if the market is still going down).
3. Set buy-entry with a $90 and stop-loss at $87 (if the market is still going down).

You can set the price to take profit and make it for many sell price.

You can automate your order by and sell using a bot, and you can find it from @OcTradism list.

I don't recall there's an exchange or a bot that supports that. Have you tried zenbot though? It's an open-source trading bot, maybe you can develop your own plug-in that supports it. It should be possible as long as the API allows automatic trading execution, but I don't know how complex zenbot could be. You might want to check out the bots list above, I recommend Gunbot if you want to try.

Yes off course holding is not easy. Market situation would tell you to sell but tight decision cannot be dobe at market serious situation.

OP can do what Michelle explains to him and at the same time he can set it in Bitfinex, which has the functionality to place the take profit in the same operation, which is essential.

I recommend this Exchange because it is one of the oldest, which despite its problems with the Tether problem has a very good reputation and also has the Founding that is so that you can lend money to the Exchange and receive your dividends depending on how much money Lend him, it is also necessary to emphasize that he has not received any attack from Hackers again, the functionalities of the tools that this Exchange has are excellent, for me, it is the merjo exchange in terms of its tools for trading.

Well, so far that I know trading bot that usually used is Gunbot, --this could only perform the stop-loss process but I do know if it includes the changing orders. I don't know how it will work the automatic execution using a trading bot or auto-replacing orders. Just a tip before using this method or using their API, read always the exchange TOS and FAQ for this matter to avoid possible big losses if ever there is.

OP did mentioned that he already setup something similar using 3commas and an indicator in tradingview. He wants to the same but through the exchange natively without the need for an external service or app. None of such exchanges exist so he'd just have to stick to what's working for him at the moment.

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OP, I suggest you stick to what works already (3commas + that indicator) as no exchange provides such functionality for automation at the moment. The only feature that comes close is an ICO order and trying Michelle's suggestion would be a hassle and you need to keep creating more orders if old ones have triggered already.

Most platforms provide OCO order to stop the sale and set a new value for reaching that level, but unfortunately there is no repeating feature, meaning that once this order is executed, you cannot repeat it in the future.
You can create several orders at different levels instead of repeating the same order as repeating the same order will mean that they will all be executed at the same time.

AFAIK, Gunbot enables you to do this but you need more technical knowledge.

Besides using existing open source bots like Gunbot, you could also develop this yourself relatively easily. The APIs of the Exchanges are usually very well documented and anyone with standard developer skills can use the API.
Your desired feature can probably be developed in 1-2 hours. If you have a Raspberry Pi to run your program on then you have a very cheap and simple solution that you can extend at any time.

Here is an easy to follow tutorial on how to write a bot for the binance API in python:

https://dev.to/nicolasbonnici/how-to-build-a-crypto-bot-with-python-3-and-the-binance-api-part-1-1864