The trading widget lets you place trailing stop buy and sell orders on the Altrady application without having to go to your exchange accounts.

A trailing stop order allows the traders to protect their crypto gains by enabling a trade to remain open and continue generating profits during favorable market conditions. This order stops once the crypto market goes in the opposite direction by a specified trigger price.

In this documentation, you will understand how to:

Place a trailing stop buy order
Place a trailing stop sell order

Let’s begin.

How to Place a Trailing Stop Buy Order

Step -1: To place a trailing stop buy order, simply enter the start price by clicking on the Currency symbol above the Start at field and selecting the Now or On price option from the drop-down.

If the user selects the Now option, Altrady will automatically enter the last price of the cryptocurrency into the Start at field and the field will become uneditable. On the other hand, if the user clicks on the On price option, the field will be populated with the last price of the selected cryptocurrency but the user would still be able to modify the field with the desired start price.





Users can also enter the start price by clicking on the Crosshair icon in the Start at field and selecting the desired price on the chart.



Step -2: Enter the stop and limit percentage into the Stop% and Limit% fields respectively.



Step -3: Enter the amount you want to spend into the Spend field.



Users can also enter the amount they want to spend by clicking on the Percentage icon above the spend field and selecting the desired percentage.





Users can directly enter the amount of cryptocurrency they want to purchase by simply entering the amount into the Buy field.



Users can click on the Reset form button if they want to clear the fields.



Step -4: Click on the Place order button.



Step -5: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.



When the Auto-confirm orders option in the trading widget is checked, orders are created as soon as the Place order button is clicked. Corresponding error messages are shown when creating an order is failed- Insufficient funds, quantity too low, etc.



When the Auto-confirm orders in the trading widget is unchecked, Confirm the order dialog would be displayed when you click on the Place order button. Users would have to click on the Confirm button to complete the order.



How to Place a Trailing Stop Sell Order

Step -1: To place a trailing stop sell order, enter the start price by clicking on the Currency symbol above the Start at field and selecting the Now or On price option from the drop-down.

If the user selects the Now option, Altrady will automatically enter the last price of the cryptocurrency into the Start at field and the field will become uneditable. On the other hand, if the user clicks on the On price option, the field will be populated with the last price of the selected cryptocurrency but the user would still be able to modify the field with the desired start price.





Users can also enter the start price by clicking on the Crosshair icon in the Start at field and selecting the desired price on the chart.



Step -2: Enter the stop and limit percentage into the Stop% and Limit% fields respectively.



Step -3: Enter the amount of cryptocurrency you want to sell into the Sell field.



Users can also enter the amount of cryptocurrency they want to sell by clicking on the Percentage icon above the sell field and selecting the desired percentage.





Users can directly enter the amount they want to receive after selling the cryptocurrency by simply entering the amount into the Receive field. The system would automatically calculate and identify the amount of cryptocurrency the user would need to sell to earn that amount and have it displayed in the Sell field.



Step -5: Click on the Place order button.



Step -6: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.



If you still have any doubts, please feel free to chat with our customer support service.
Was this article helpful?
Cancel
Thank you!