STOP_LOSS and STOP_LOSS_LIMIT
cecilymiller opened this issue · 0 comments
cecilymiller commented
AFAIK, STOP_LOSS
is out and cannot be used for BTC/USDT
(correct me if I'm wrong. I get this error: {"code":-1013,"msg":"Stop loss orders are not supported for this symbol."}
)
So I was wondering, the example from the docs:
// When the stop is reached, a stop order becomes a market order
// Note: You must also pass one of these type parameters:
// STOP_LOSS, STOP_LOSS_LIMIT, TAKE_PROFIT, TAKE_PROFIT_LIMIT
let type = "STOP_LOSS";
let quantity = 1;
let price = 0.069;
let stopPrice = 0.068;
binance.sell("ETHBTC", quantity, price, {stopPrice: stopPrice, type: type});
That's all good and everything but STOP_LOSS_LIMIT
orders has the possibility that the order is not triggered if the price moves too fast, so I was thinking:
Can we set the stopPrice
at $9000
(assuming the market price is 10k
) and price
at something ridiculously low like $100
to make it sure that it will get triggered if the price moves super fast?