how to set a stop loss on btc-e?

[Antonioz]

Hello! I started doing some small trading on btc-e.com, however I was wondering if there is a way to set a stop loss there, because if I sell at a lower price it just sells immediately instead of waiting until the value goes to that price (it only works if I sell at a higher price), for example let's say a coin's value is 6 and I want to set an order to sell it when it goes down to 5, if I set 5 as a value in the sell box it sells it immediately, however if I set a higher value (or example 7) it  waits until the price goes up to 7 and then sells it. Hope I explained my question clearly thanks!

[woutie70]

BTC-E does not offer such an option.

However, Qt Bitcoin Trader does. You can download it here: http://sourceforge.net/projects/bitcointrader/
You need to set up an API key for it, which you can do on your BTC-E profile.

On this trader you can set up rules, such as: if the market price of BTC goes below $500, sell all BTC at highest buy rate (and a whole lot of other options).

[Antonioz]

thank you! a friend was telling me about meta trader as well, in your opinion which one is better? also, if I install QT bitcoin trader can I trade only bitcoins or all the other currencies in btc-e? and can I use the same money which are in btc-e or would I have to transfer them to a separate account? thanks again

[Kenshin]

MetaTrader is much better.

[joesmoe2012]

You can also use MT4 with btce to set stop losses, though its a bit of a pain if thats all your looking for.

[eronyx]

If you are going to use MT4 take care because sometimes they can hunt your SL, e.a. specially drive price in that direction in order to close your order and then come back, there are some hidden features available to brokers which have it on MT4 manager

I think the best is to create some kind of bot using the API or that QT thing

[Antonioz]

thanks guys for the info, anyway I am now a little confused,  which one is the better one to use between meta trader and QT bitcoin trader? I'm not sure what you mean by "they can hunt my SL"? thanks!

[eronyx]

thanks guys for the info, anyway I am now a little confused,  which one is the better one to use between meta trader and QT bitcoin trader? I'm not sure what you mean by "they can hunt my SL"? thanks!

hunting means they will move artificially either the spread or the price o it hits your stop loss and then will move back the price where it was.

I think the best for your purposes is to use QT

[Antonioz]

oh really? can they do that? I guess I will do some research, yes my purpose is basically to be able to set orders to specific prices thanks for the info!

[Exbtc]

I thinks you can use MT4

[btcalgo]

If everything what is needed is stop loss and trailing stop loss orders than you can try simple BtcAlgo bot.

It's efficient bot designed specially for placing Stop Loss and Trailing Stop orders on btc-e market.
Give it a try: http://www.btcalgo.com/download/ !

[ilyabtxtrader]

Give BTX Trader a try. We have a PC desktop client as well as a web version that we just released.

www.btxtrader.com

More info on how our stop limit order works:

Sell Stop Limit

Objective: Sell-stop orders protect long positions by triggering a market limit order if the price falls below a certain level. These orders are not guaranteed to be filled.
Example: You place a sell stop limit order with a stop price of $350 and a limit price of $375. When the last price at the exchange reaches $350, a limit order with price $375 is sent to the exchange by the BTX trade engine.

https://www.btxtrader.com/images/sell-stop-limit.png