Limit Orders with Bitcoins

[lessPlastic]

Limit orders are when you set up a trade to execute when the price hits a certain amount, whether it be buying at a low price or selling at a high one. Looking at BTC/USD graphs, there are a lot of spikes in both high and low directions. Is there a way to set limit orders (without writing a bot from scratch), and would it be advantageous to the process of trading?

[S3052]

I guess you mena STOP BUY, STOP LOSS, and I would also add to the wishlist TRAILING STOPS, ONE-CANCELS-OTHER, etc.

[jbmiller10]

Perhaps we should throw together a bounty to attract someone to code an application with this functionality. Mt. Gox has a trade api, so I don't imagine it would even be that difficult, though I admittedly don't know a thing about programming.

The lack of basic trading functionality like stop buy/loss (also trailing stops, etc) makes it significantly more stressful/time consuming to trade bitcoins.