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?
actually, I don't know what the name of this but you can use that to avoid from getting too much loses if the price is going to down. I think you can analyze first if the price really increases or it's just a fake increase that will be used for the traders to sell their bitcoin and they can buy at lower price. this is why we need to watch on the exchanges if the price is starting to increase so if we already place an order sell but the price is trying to break another higher price, we can cancel our order sell and change for another price.