source: https://medium.com/dcoin-exchange
Dear valued customers,
Dcoin is committed to providing customers with a safe, stable and ultimate experience. Through the version updates and better trading convenience, Dcoin plans to launch the new function calls Stop-Limit Order. Welcome to trade and feedback valuable suggestions.
Stop-Limit order is a pre-set order that will only be triggered under specific conditions. Once the latest traded price has reached the “trigger”, the pre-set order will be executed. By using Stop-Limit order, you can plan the trading position in advance. It can help you to take profits and stop losses without pegging in trading to reach the purpose of “stop-limit”.
Interpretation:
STOP : When the “latest price” reaches the set trigger price, the order will be triggered and sent to the market.
PRICE : the purchase and sale price. When the stop-limit order is triggered, it will be placed at the order price.
AMOUNT: Quantity of orders placed after the order is triggered.
For example:
Take BTC/USDT as an example. You bought 10 BTC at 3764.05 USDT and the expected price is around 3615.45 USDT. If the price drops below the support level, it may continue to drop. We need to stop loss at 3615.45 USDT. We can set “STOP” to 3615.45, “PRICE” to 3591.13, and “AMOUNT” to 10 BTC. Then click “BTC SELL”. When the price drops to 3615.45 USDT to trigger the condition of the list, we will put up the limit order according to “PRICE” at 3591.13 USDT.
Thanks for your understanding and support and we assure you of our best services at all times.
Dcoin Team
4th March 2019
Dcoin trading platform is the world’s first financial industry-standard digital assets and derivatives trading platform that mainly provides cryptocurrency trading services for Bitcoin, Ethereum, Lite Coin and etc. Dcoin is founded by blockchain and cryptocurrency enthusiasts with core members from Google, Baidu, 360 and other world renowned IT companies.
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