Hello,
is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 . If you set market limit to let's say 11.000 you gain 1.000 . But Bitcoin might go higher, like 12.000 so you would miss out.
I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 it automatically adjusts to 9.500 . If the price drops below 9.500 than sell. If the price goes up, hold and adjust. At 12.000 the limit adjusts to 11.400 .
Is this possible with some kind of dynamic limits or is this rather a trading bot material?
Your best bet is using a bot. However, this is really a hard thing to do, since what if the prices do not really reach 12.000 ? And it just stops at something like 11.100 then just sharply drops back to 10.000 ? It would require a trading logic and that is what bots do, but no bot is perfect and is still an investment. It could make you profit and it could sell at the peak, but it could also not sell at that point and make you lose.