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March 12, 2014, 07:32:09 PM |
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Hi Mazeinc,
If i am understanding your question correctly, assuming the current market price is say $600: you can place a sell stop limit order with a stop limit of $550 and a limit price of $575. In this example, if the last price on the exchange touches or goes below $550, BTX Trader's servers will send a sell order to the exchange with a limit price of $575. If the price rises back to $575 then your order will get executed/filled. If the price stays below $575, then the limit order will sit resting on the order book. Hope that helps clarify how our advanced order types work.
Ilya
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