Ladies & Gents,
I'd ask for your opinion if I correctly understand the "trailing stop" and "trailing stop limit" function at Kraken.
Two examples below and what I think they'll do:
1) "Trailing stop"
https://s31.postimg.org/i0vnoc0rf/trailing_stop_kraken.jpgMy assumption is that with this setting the trading engine will start selling my 5 BTC at market price (no matter how deep it might crash down), once price falls down by 10% from the highest peak (after I placed the order).
2) "Trailing stop limit"
https://s32.postimg.org/8ovv9r9g5/trailing_stop_limit_kraken.jpgMy assumption is that with this setting the trading engine will start selling my 5 BTC at market price, once price falls down by 10% from the highest peak (after I placed the order).
BUT the trading engine would stop trying to sell, once the price crashes further below 15% from the highest peak (which is the "limit").
Is this understanding correct?
