Is there a limit-stop-limit?

[9thsky]

Let me explain...

Let's say btc is at $45,000 right now. I want to buy it at this rate. Let's say I want to buy 1 btc. BUT...I want to buy it only after it had increased to $50,000. Meaning, it would have to go up to $50,000 and then back down to $45,000 in order for the order to trigger.

So basically a stop-limit but in order for the stop to start, the rate would have to first go up a certain percent from the stop. Because if I set a stop-limit right now for $45,000, and the rate right now is fluctuating around $45,000, the stop would trigger as soon s it hits $45,000 from lets say $45,100, correct? I want it to trigger from $50,000.

Is there such feature (or concept) in Binance?

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[cissrawk]

Already tried to find that feature in binance but i can't find it, unless i missed it.
I don't think that feature is common in exchange. But, maybe Trading Bot has that feature^(?).
The features that i found in binance spot trading are Stop limit that you can find normally in exchange, and OCO.

[PixxelDesign]

I think if it pumps to 50K, you will have time to notice it and buy the dip at 45K, I believe it wont happen in a matter of minutes. To answer your question, I don't think there is a "limit-stop-limit" feature on any major exchanges yet.

[rat03gopoh]

~snip~
I don't think there is a "limit-stop-limit" feature on any major exchanges yet.

Binance has it, the limit-stop-limit combination or OCO. However, this feature resulted in 2 orders and this also didn't match OP expectations.

I think the feature that the OP means is on KuCoin. If I remember correctly, the stop limit feature on kucoin can also be set lower than the trigger price. Since Kucoin groups order types between limit and stop-limit, a stop-limit order will become a limit order regardless of the trigger price set.

And a feature that I like about KuCoin is that I can make multiple stop-limit orders on multiple trading pairs with a limit on the amount of each order according to the trading account balance, because the stop-limit on Kucoin doesn't reduce the balance at all before it reaches the trigger price.

[rat03gopoh]

why waiting for the price to rise and return to the same level and buy?

To find out the potential increase. Sometimes some coins only move in one particular area of resistance and support for several days. Day traders will take advantage of it to maximize profits before that resistance point is broken and rises to the next higher point or minimize losses if it turns out that the price passes the support point.