Dynamic Stop Loss?

[cryptoabundance]

Hello,

is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 €. If you set market limit to let's say 11.000 € you gain 1.000 €. But Bitcoin might go higher, like 12.000 € so you would miss out.

I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 € it automatically adjusts to 9.500 €. If the price drops below 9.500 € than sell. If the price goes up, hold and adjust. At 12.000 € the limit adjusts to 11.400 €.

Is this possible with some kind of dynamic limits or is this rather a trading bot material?

[1714842221]

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[1714842221]

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[1714842221]

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[1714842221]

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[1714842221]

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[Zocadas]

What you mean, is called Trailing-Stop-Loss.. The only exchanger, I found, that is supporting trailing stop orders is Bitfinex
https://support.bitfinex.com/hc/en-us/articles/115003506545-Trailing-Stop-Order
Unfortunately this order is only possible at margin trading.
But there are trading bots, that support dynamic orders on exchangers, for example gunbot.

[LuanX3]

Hello,

is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 €. If you set market limit to let's say 11.000 € you gain 1.000 €. But Bitcoin might go higher, like 12.000 € so you would miss out.

I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 € it automatically adjusts to 9.500 €. If the price drops below 9.500 € than sell. If the price goes up, hold and adjust. At 12.000 € the limit adjusts to 11.400 €.

Is this possible with some kind of dynamic limits or is this rather a trading bot material?

Your best bet is using a bot. However, this is really a hard thing to do, since what if the prices do not really reach 12.000 €? And it just stops at something like 11.100 € then just sharply drops back to 10.000 €? It would require a trading logic and that is what bots do, but no bot is perfect and is still an investment. It could make you profit and it could sell at the peak, but it could also not sell at that point and make you lose.

[carter937]

Hello,

is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 €. If you set market limit to let's say 11.000 € you gain 1.000 €. But Bitcoin might go higher, like 12.000 € so you would miss out.

I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 € it automatically adjusts to 9.500 €. If the price drops below 9.500 € than sell. If the price goes up, hold and adjust. At 12.000 € the limit adjusts to 11.400 €.

Is this possible with some kind of dynamic limits or is this rather a trading bot material?

I think this is a very potential market, it can bring you huge profits if the trade is good. But you also know that high profit is also associated with the higher risk, to minimize losses, damage when trading tbitcoin I usually put the Stop Loss level in the range of 5% -10%, because the price of bitcoin Very high so I just leave the percentage as low. If too high, the losses will be huge.

[pooya87]

unfortunately exchanges lack a lot of features that are necessary for trading and they won't add them either since they are busy with finding ways to make more money and there is no competition for most of them anyways.
your only option is to use a trading bot that offers such features. i don't use any to suggest them but i know this free/open source one which many have been satisfied with: https://github.com/askmike/gekko
check it out and if it didn't have the feature you can contact the developer and ask him to add something like that

[Gabz999]

I don't think Stop-Loss is a good idea. It will just loose you current profit when you use stop loss, may traders i knew but they don't use that kind of strategy. I preferred if your holdings go down just hold it as long as you can it would come back to its price again after a down trend. Remember you will only loose the trade if you sell it lower than the price you bought. 

[Makrochain]

Hello,

is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 €. If you set market limit to let's say 11.000 € you gain 1.000 €. But Bitcoin might go higher, like 12.000 € so you would miss out.

I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 € it automatically adjusts to 9.500 €. If the price drops below 9.500 € than sell. If the price goes up, hold and adjust. At 12.000 € the limit adjusts to 11.400 €.

Is this possible with some kind of dynamic limits or is this rather a trading bot material?

I think it is very important that we set a stop loss mark. For me, Stop Loss is always included in the trade plan. It helps me to know the extent of my losses so that I can then make a decision to preserve capital, minimize losses. I think in trade that is very important for you to control the financial.

[michellee]

Hello,

is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 €. If you set market limit to let's say 11.000 € you gain 1.000 €. But Bitcoin might go higher, like 12.000 € so you would miss out.

I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 € it automatically adjusts to 9.500 €. If the price drops below 9.500 € than sell. If the price goes up, hold and adjust. At 12.000 € the limit adjusts to 11.400 €.

Is this possible with some kind of dynamic limits or is this rather a trading bot material?

actually, I don't know what the name of this but you can use that to avoid from getting too much loses if the price is going to down. I think you can analyze first if the price really increases or it's just a fake increase that will be used for the traders to sell their bitcoin and they can buy at lower price. this is why we need to watch on the exchanges if the price is starting to increase so if we already place an order sell but the price is trying to break another higher price, we can cancel our order sell and change for another price.

[ipbitrung01]

Hello,

is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 €. If you set market limit to let's say 11.000 € you gain 1.000 €. But Bitcoin might go higher, like 12.000 € so you would miss out.

I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 € it automatically adjusts to 9.500 €. If the price drops below 9.500 € than sell. If the price goes up, hold and adjust. At 12.000 € the limit adjusts to 11.400 €.

Is this possible with some kind of dynamic limits or is this rather a trading bot material?

We can see that this is a new market and there are a lot of risks, so that we can trade without loss is absolutely impossible. We can only minimize the risk of crashes by analyzing and planning from the beginning. Depending on the financial and judgment of each person to set a reasonable stop loss level. I usually leave at 5-10%.

[xitrum]

Hello,

is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 €. If you set market limit to let's say 11.000 € you gain 1.000 €. But Bitcoin might go higher, like 12.000 € so you would miss out.

I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 € it automatically adjusts to 9.500 €. If the price drops below 9.500 € than sell. If the price goes up, hold and adjust. At 12.000 € the limit adjusts to 11.400 €.

Is this possible with some kind of dynamic limits or is this rather a trading bot material?

I know that stop loss is a very important thing, it helps you control your capital and can be active in managing capital. It is very difficult for us to trade with a 100% win rate, so it is very important to minimize the risk and be able to secure the funds without loss. too much. You should analyze it carefully and plan ahead.

[Beerwizzard]

If you are trading BTC/USD then I can advice to try using forex brokers. A lot brokers already have crypto pairs available for trading and allow trading them thru terminals like MetaTrader 4 or any other which have a larger amount of usefull features for day trading that couldn't be find in crypto exchanges. Any good crypto trading bots are usually too expensive to buy them only for trailing stop losses, I still haven't seen any free and trustworthy one.