Post
Topic
Board Exchanges
Re: [ANN] KRAKEN.COM - Exchange Now Open with USD, EUR, BTC, LTC, XRP, NMC
by
sickpig
on 22/01/2014, 00:44:51 UTC
This is not related to recent issues reported here by several users, but it will be amazing if kraken trading platform has "stop loss orders" triggered off of market price rather than executed price.

This would be even more beneficial at the current low volume (at least in XTC terms).

See help>>trading guide

 Stop Loss: Triggers a market order (buy or sell) when market price hits the stop price.
[...]
Market Price: "Market price" for an order means the lowest current ask price (for buy orders), or the highest current bid price (for sell orders). This is important for understanding how stop or take profit orders trigger. A stop loss sell order, for example, will trigger when stop price is less than or equal to market price (the highest current bid price).


Ooops sorry I've swapped the orders type. What I really meant is that having stop loss order based on executed price rather than market price would be beneficial.

I've learnt the hard way that your quoting of the trading guide do apply in the current implementation.