BiyaPay Digital Currency Trading Order Types

There are six main types of orders when trading digital currencies: Limit Orders, Market Orders, Advanced Limits, Take Profit and Stop Loss, Two-Way Take Profit and Stop Loss, and Trailing Take Profit and Stop Loss.

Assets are frozen after the order is placed. If the commission price is the market price and transacted with quantity, freeze the amount of the trigger price * quantity. If the commission price is the limit price and transacted with quantity, freeze the amount of the commission price * quantity If the commission price is the market price and transacted with the amount, freeze the amount of the buy at the take profit trigger price or the buy at the stop-loss trigger price after the trigger is triggered to sell the order. Stop loss stop loss end of the available balance is insufficient, you can not buy.
2、Sell Stop Loss. Can only use the number of transactions
After the order is placed that is frozen the lost quantity of assets. Sell at the take-profit trigger price or sell at the stop-loss trigger price which price is reached first, the first trigger which commission. After triggering, sell order. Take-profit and stop-loss end of the available balance is insufficient, you can not sell!
Fifth, two-way stop loss
1, two-way take-profit stop-loss buy. Can choose the amount of transaction or with the number of transactions
Take-profit trigger price needs to be lower than the market price, stop-loss trigger price needs to be higher than the market price of the order that is frozen assets. If the commission price for the market price and with the number of transactions, take the high trigger price as the standard, freeze the trigger price * quantity * amount, if the commission price for the limit price with the number of transactions, take the high commission price as the standard, freezing the commission price * the amount of the number of amounts If the commission price for the market price, with the amount of transactions, then freeze the amount of money in the take-profit trigger to buy or buy at the stop-loss trigger price which price is reached first, the first trigger which commission. After the trigger, sell order. Take-profit and stop-loss end of the available balance is insufficient, you can not buy!
2, two-way take-profit and stop-loss sell. Can only use the number of transactions
Take-profit trigger price needs to be higher than the market price, stop-loss trigger price needs to be lower than the market price to place an order that is frozen after the number of assets lost. Sell at the take-profit trigger price or sell at the stop-loss trigger price which price is reached first, the first trigger which commission. After the trigger, sell order. Take-profit and stop-loss end of the available balance is insufficient, you can not sell!
Six, moving stop loss
Moving stop loss is a tracking market price stop loss, pre-set price range or ratio, when the market price reaches the preset point automatically execute the market price commission.
Mobile Take Profit and Stop Loss can only be market orders can only take profit or stop loss, can not take profit + stop loss.
You can choose to activate the price, you can also not choose to activate the price, do not choose to activate the price will be activated after the order. Select the activation price, when the market price reaches or exceeds the activation price, the commission is activated. Without activation, there is no trigger price.
Activation
If the set activation price = the latest traded price at the time of placing the order, the order is activated immediately upon placing the order
If the activation price is > the latest traded price at the time of placing the order, the order is activated when the new latest traded price >= the activation price.
Activate the order if the activated price is < the latest traded price at the time of placing the order, and the order is activated when the new latest traded price <= the activated price.
Trigger
Buy: latest price ≥ trigger price
Sell: latest price ≤ trigger price where the trigger price is calculated
Buy: minimum price + retracement distance; minimum price * (1 + retracement)
Sell: maximum price - retracement distance; maximum price * (1 - retracement)
Moving Take Profit and Stop Loss buy can only be the amount, sell can only be the quantity. No assets are frozen for both buy and sell.
Trigger price changes with the price after the order is placed.
Buy trigger price = historical low price - retracement range
Sell Trigger Price = Historical Highest Price - Pullback Range
If the buy and sell quantity and amount are sufficient, the order will be placed according to the number of commissions. If the selling assets are insufficient, all sells will be made. If the buy amount is insufficient, buy all.
For example: the user set to sell 1BTC, but only 0.5BTC when the order is triggered, then sell 0.5
User set to buy 1000U of BTC, but when the order is triggered there is only 500USDT, then buy 500USDT.
Example 1 (Top Escape): User wants to sell BTC, did not choose the activation price, the latest transaction price is 30,000, then you can set the parameters as follows: 【Retracement Ranges】2,000 【Quantity】1 BTC If after placing the order, the BTC has been rising up to the highest point of 40,000, and then retraced back to 38,000, to meet the conditions of the retracement (40,000 - 2,000 = 38,000), the system helps the user to buy at 38,000, and then retraced back to the highest point of 40,000. The system helps the user to sell at the market price at 38,000.
Example 2 (plunge bottoming): User wants to buy BTC, the latest transaction price is 40,000, then you can set the parameters as follows: 【Retracement range】5% 【Activation price】30,000 【Quantity】1 BTC If after placing the order, the BTC has been falling to 30,000, the commission is activated, and then it falls all the way down to 20,000, and then it bounces back to 20,000*(1+5%) = 21,000, reaching the retracement condition (40,000 - 2,000 = 38,000), the system helps the user to sell at the market price of 38,000. 21,000, reaching the retracement condition (5%), the system helps the user to buy at market price at 21,000.