Post
Topic
Board Trading Discussion
Re: Bitfinex - Can I combine a stop-sell with a stop-buy and limit-buy?
by
bakedrice
on 07/01/2015, 14:34:29 UTC
Does anyone know if it's possible to combine a stop-sell with a stop-buy and limit-buy on Bitfinex?

Basically I am trying to short coins when the price drops to a certain level, with a stop loss slightly above that level, but still lower than the current price, so I would only want my stop loss to be executable after the short position has opened, otherwise it would be executed immediately and ruin the short. Is that possible or is that the kind of thing trading bots do?

Yes this is possible. If you're going short, a 'Limit Sell' order will be paired up with a 'Stop Buy' order, and vice versa if you're going long.