A Scheduled Order is a type of cryptocurrency trading order that allows traders to execute a trade at a specified price condition on a specific date and time in the future.
Scheduled Orders enable traders to plan their trades in advance to accommodate market fluctuations or specific time frames.
Here are the key features of Scheduled Orders:
1. Trigger Condition: The trigger price is the condition you set for your Scheduled Order. Your Scheduled Order will only be executed when the market price reaches or surpasses this trigger price. This means you can execute orders only under specific market conditions to align with your trading strategy.
2. Automated Execution: Scheduled Orders allow traders to automate their trading strategies, eliminating the need for manual order placement every time. This reduces unnecessary emotional and other factors that can affect user trading behavior.
3. Risk Control: By pre-setting price conditions, you can better control risks and avoid irrational trading during significant market volatility.
4. Flexible Adjustments: Market prices are constantly fluctuating, and trigger prices can be adjusted at any time to adapt to changing market conditions. This allows you to flexibly adjust trigger prices based on the market situation.
Disclaimer:
Cryptocurrencies have significant growth potential but are still subject to extremely high market risks and volatility. We strongly recommend that users conduct their research. BITOY is not responsible for any asset losses resulting from user-initiated investments or trading activities.
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