Pending stop orders for a pair of BTCUSD:
Leverage: 5;
Risk per trade 1-3%;
Long stop: 3834, target 3871 (close 50% of the pose), 3908 (close the rest);
Short stop: 3760, target 3723 (close 50% of the pose), 3686 (close the rest);
When one of the deposits triggers from the second, we delete the limit order that is take profit (TP), and leave the second one itself - it becomes a stop loss for the activated one. Thus, there will always be only one order in operation.
Leverage: 5;
Risk per trade 1-3%;
Long stop: 3834, target 3871 (close 50% of the pose), 3908 (close the rest);
Short stop: 3760, target 3723 (close 50% of the pose), 3686 (close the rest);
When one of the deposits triggers from the second, we delete the limit order that is take profit (TP), and leave the second one itself - it becomes a stop loss for the activated one. Thus, there will always be only one order in operation.
Trade active
#BTCOpened down (short is active), long is not relevant
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.