Tips to Help You Improve Your Business
The recent turmoil in the crypto trading market has led to high volatility and a sharp decline in prices. This is why it has become increasingly important for บอทคริปโต to incorporate a number of risk management tools into trading systems to avoid huge losses.
How to Use OCO Order in Trading
Also, using consecutive stops is one of the most popular trading strategies among traders to provide the opposite protection. Typically, consecutive stops are placed in an open position, at a certain distance (consecutive distance) from the current market value of the asset. The บอทคริปโต main purpose of a trailing stop order is to lock out potential losses. If the market continues to move in the right direction, so do the trailing stops while maintaining a stop loss in the predicted range from the current asset level.
Trailing Stop is a special type of trading system that moves as the level of fluctuations in the market. When the market goes up, it pulls a consecutive stop along with it. But when the price stops rising, the stop loss remains the same. Therefore, this order strategy บอทคริปโต allows the trader to make a profit whenever the market level rises to a favorable level, but automatically closes the trade if the market price suddenly moves in the wrong direction for a certain distance.
Keep in mind that short-term fluctuations in the price of an asset may result in a series of suspensions. Subsequent distance in trailing stop order can be set as a percentage or total. Whenever you use a consecutive percentage value, the actual point spread between the current value and the trigger value will vary as the cause is recalculated.