Q: Altrady's Trailing Stop Orders Part 1: An Introduction

Part 1: An Introduction <a href="#3-purpose">Purpose</a> <a href="#3-altradys-trailing-stop-orders">Altrady’s Trailing Stop Orders</a> <a href="#3-trailing-stop-order-components">Trailing Stop Order Components</a> <a href="#3-example-1-trailing-stop-buy">Example 1. Trailing Stop Buy</a> <a href="#3-example-2-trailing-stop-sell">Example 2. Trailing Stop Sell</a> See also: <a href="/en/article/altradys-trailing-stop-orders-part-2-placing-and-executing-orders-lqikf6/">Altrady's Trailing Stop Orders Part 2: Placing and Executing Orders</a> <h3 id="purpose">Purpose</h3> When you see a chart like this, do you wonder how you can catch those big moves? <img src="https://storage.crisp.chat/users/helpdesk/website/6dec030fcf420800/example-up_1se2l2l.png" alt="To the moon!" /> <img src="https://storage.crisp.chat/users/helpdesk/website/6dec030fcf420800/example-down_1ix216t.png" alt="A great buy opportunity" /> Or perhaps you know roughly where you’d like to place your Take Profit orders, but would like to catch a few more percentage points if possible. Or get a better entry than you could by estimating how far down (or up) a pair might go with the next BTC dump? The Trailing Stop order can allow the trader to gain higher profits in all of these situations. Once activated, the Trailing Stop follows the price as it moves further in the desired direction, until the price begins to move in the opposite direction (retrace). Once the price has retraced a certain percentage (chosen by the trader), the order will fill. The Trailing Stop follows the price as it rises (or falls), and places an order

Question 1

How to Connect Your Binance Exchange Account with Altrady

Accepted Answer

To get started with seamless trading experience on Altrady, you need to connect your cryptocurrency exchange with our platform. In this guide, we have illustrated 12 easy steps that will help you to connect your 'Binance exchange' account with 'Altrady' via API.

| Binance is ranked at the top in terms of the most popular cryptocurrency exchange in the world with more than 15 million users all across the globe 💡

Important: Binance has a new requirement that affects Altrady users:

Intermediate level KYC (Proof of name) is now required on all accounts using API keys for trading. New and existing Binance API keys will not allow trading unless the KYC is completed. The Binance announcement is here: https://www.binance.com/en/support/announcement/654c092a2a2347bdb5ccd6faa0c6c039

**Let's begin. **

Step-1: Enter Binance URL in your browser and login to your account.

Step-2: After signing in, navigate to your dashboard bar, click on the Settings, and select API Management. Alternatively, you can click on profile icon at the top-right corner and select API Management from the drop down menu.

Step-3: Now create the API by assigning it a name. Here we

Question 2

Altrady's Trailing Stop Orders Part 1: An Introduction

Accepted Answer

Part 1: An Introduction Purpose Altrady’s Trailing Stop Orders Trailing Stop Order Components Example 1. Trailing Stop Buy Example 2. Trailing Stop Sell

See also: Altrady's Trailing Stop Orders Part 2: Placing and Executing Orders

Purpose

When you see a chart like this, do you wonder how you can catch those big moves?

To the moon!

A great buy opportunity

Or perhaps you know roughly where you’d like to place your Take Profit orders, but would like to catch a few more percentage points if possible. Or get a better entry than you could by estimating how far down (or up) a pair might go with the next BTC dump?

The Trailing Stop order can allow the trader to gain higher profits in all of these situations. Once activated, the Trailing Stop follows the price as it moves further in the desired direction, until the price begins to move in the opposite direction (retrace). Once the price has retraced a certain percentage (chosen by the trader), the order will fill.

The Trailing Stop follows the price as it rises (or falls), and places an order

Question 3

How to Organize The Widgets of Altrady

Accepted Answer

Altrady has a user-friendly and intuitive trading terminal that allows the users to organize the widgets as per their choice. On the trading terminal, you can view all the widgets separately or in a group with other widgets just with the click of a button.

In this documentation, you will understand how to:

Combine widgets into groups
Detach a widget from a group
Detach all widgets
Move a widget left/right within a group
Add or remove widgets from the layout
Save or Revert changes made to a layout

Let’s begin.

How to Combine Widgets into Groups

**Step - 1: **To combine a widget into a group, all you need to do is right-click on the widget’s name and select the Join with other widget(s) option from the drop-down.

**Step - 2: **After clicking on the **Join with other widget(s) **option, click on the group where you want to add the widget.

The added widget will appear in the selected group, as shown below.

How to Detach a Widget from a Group

**Step - 1: **For detaching a widget from a group, righ

Question 4

How to Place an OCO Order

Accepted Answer

The trading widget allows you to place OCO buy and sell orders quickly and easily. The OCO order type in the trading widget lets you manually enter or configure the percentage of assets to be bought and sold as well as the limit price, stop price and stop limit price.

|| Also known as one-cancels-the-other-order, an OCO order is a pair of orders wherein execution of one order automatically cancels the other.

In this documentation, you will understand how to:

Place an OCO buy order
Place an OCO sell order

Let’s begin.

How to Place an OCO Buy Order

Step -1: To place an OCO buy order, simply enter the limit price into the Limit price field.

| Users can also enter the limit price by clicking on the Currency symbol above the Limit price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the limit price field depending on the latest bid/ask/last price.

| Users can also enter the limit price by clicking on the Crosshair icon in the limit price field and selecting the desired price on the chart.

![](https://storage.crisp.chat/users/helpdesk/website/6dec030fcf420800/gif-17-how-to-place-an-oco-bu

Question 5

Understanding the ‘Chart’ Widget of Altrady (Part-2)

Accepted Answer

The chart widget not only provides you with the real-time data concerning price movements on your chosen coin pairs or cryptocurrency markets, but also allows you to create buy/sell orders, save chart layout for future reference among others. With the help of the chart widget, you can make a better analysis or provide clearer explanations on certain price movements in no time.

|| This documentation is a continuation of Understanding the Chart Widget of Altrady (Part-1). To view the first part click here.

In this documentation, you will understand how to:

Create buy or sell order
Change chart settings
Take a snapshot
Save drawings and default indicators
Set chart’s timeframe
Change chart’s timezone

Let’s begin.

How to Create Buy or Sell Order

It is easy to create buy or sell order via chart widget, but there is a precondition that must be fulfilled:

Trading widget is active

There are three methods to create buy or sell order:

A. Using Buy or Sell Button

Step - 1: Click buy/sell button in the chart widget's toolbar.

The corresponding buy/sell handle bar will be shown in the chart. Drag the buy/sell handle bar up or down to set the order at the desired price.

![](https://storage.crisp.chat/users/helpdesk/website/6dec03

Question 6

How to Connect Your Kraken Exchange Account with Altrady

Accepted Answer

To get started with a seamless trading experience on Altrady, you need to connect your cryptocurrency exchange with our platform. In this guide, we have illustrated 13 easy steps to help you connect your 'Kraken' exchange account with 'Altrady' via API.

| Kraken boasts more than 4 million active users worldwide and offers around 40 different cryptocurrencies to choose from 💡

Let's Begin

Step-1: Enter Kraken URL in your browser and log in to your account.

Step-2: Click on the profile button from the navigation bar, select the Security option, and then select API from the dropdown menu.

Step-3: You will be redirected to the API Key Management page. Simply hit on the Add Key button to start the API generation process.

Step-4: Now assign a name to your API key under Key description and set the Nonce Window.

| Nonce Window is the time allowed for an order to be processed in milliseconds. Setting Nonce Window at 1000 would mean that you are allowing 1000 milliseconds (1 second) for orders to get processed.

|| It is recommended to set the Nonce Window at 5000

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