Kraken Stop Loss Order - How to create

[Wiss]

Hi,

Based on the trading signals i want to create the stop loss order. How can I create such an order:

If i create a sell limit order which is below (270$ ) the current price (290$)  - then the order will be executed immediatly with the lower price  - so I lossed the gap with the current price ($20)

What is the right way in order create an order to save/secure my trades? So to be me precise = how can I create a sell order which will be executed when the price is below the entered price? Which means when the price dropps to $270 i want to sell my coins.


Thx

[Kraken-Septimus]

Hi Wiss. Advanced order types are disabled right now, so it's not possible to set up a stop loss order.

For more information please read through: https://blog.kraken.com/post/1234/announcement-delisting-pairs-and-temporary-suspension-of-advanced-order-types/

Have a great day!