Yes, I know... it is possible to automate with a trading bot. I don't have experiences with trading bots.

I am looking for a way how to move Stop Loss from -0,1% to + 0.1% in advance. Two orders.

1. Open a position
2. Close a position (move SL from -0.1% to + 0.1%) - so I won't suffer any loses. Please note. My position is still opened. It closes only if the price goes under new SL.

So then I can wait for 1% - 10% price movements in my favor.

I want in advance:

1. Open Stop Limit Order with following parameters (Stop price, Price, Size, SL, TP) - Once the price reaches stop price, the position is opened (no problem).

2. to move Stop Loss from -0,1% to +0.1% once the position is opened.


NOTES:
- I can move stop loss manually with stop market order once the position is opened and the current price is above the entry price +0.1% (no problem).

- I want to open and close position in advance - two separate orders:
Stop Limit order (to open a position) and Stop Market (to close a position)

- in this situation, I can use Stop Market order only if: 1. the position is already opened, 2. the current price is above the stop market price

please check the following images to understand the issue.

IMG 1: https://ibb.co/hgs2m3R
IMG 2: https://ibb.co/fqKrqRC

I never heard about OCO orders - I will check it.

Stop Limit Order is similar to Stop Market - the issue is that if the price reaches STOP MARKET Price (or Stop Limit)

IMG: https://imgbb.com/fqKrqRC

It will sell out my LONG position.


I want sell out my LONG position only if the price fall dawn at the Stop Market (Stop Limit) price - from up to down.
I don't want sell my LONG position when the price rises at the Stop Market price - from the bottom up

No, at all. I'm not looking for a trailing stop order type.

My main goal is to assure that I won't suffer any loses. I want simply move Stop Loss from -0.1% to + 0.1% - somehow. I don't know how.

I can do that with Stop Market order once the price is above +0.1%. But only if the price is above. Thats the issue.


Edited:

Actually, the trailing stop order type is something similar what I am looking for, but the trailing stop has a backup rate.

I want limit potential loses and let some space for potential gains.

Lets say I want open a LONG position (Stop Limit) with following parameters:

Entry price $100
Stop Loss: -0.1%
Take Profit: 0.5%

Please notice: the order is not opened yet

---

I want move Stop Loss from -0.1% to +0.1%
   1. Once the order is opened
   2. Once the price reaches over $100 + 0.1% (so I won't suffer any losses)

---

To achieve this I use Stop Market order with adjusted Stop price (100 + 0.1%)

CASE #1: Works only if the position is opened and the price is above 100 + 0.1%

IMG 1: https://ibb.co/hgs2m3R


CASE #2:
   1. I can't use stop market order if the position is not opened
   2. If the price reaches Stop Market from below it closes the position - I don't want this.

IMG 2: https://ibb.co/fqKrqRC

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