On the Stats part, you can see all the information needed about current markets, analyze the price or trade’s history. You can also determine and examine it closely, opening as well the price via this chart.
The exchange uses the most popular decision for traders - https://www.tradingview.com/ charts.
The order book is your way to see the current orders and their sequence. The important add-on of this tool is the graphical chart which quickly provides information related to trends and comparisons by allowing for a global view of the data. With its help, the trader can see trade volume and predict the trend of the price. For more comfort, the trader can set the digit capacity of order and type of the chart: depth, volume, and full hide from the section.
When you use this functionality you can open the orders for buy or sell. In addition, you can input some different indicators, such as order volume or price. Also, the exchange has a few types of orders:
- Limit Order: This order applies to buy or sell currency at a special price.
- Market order: This order applies to buy or sell currency according to the current moment of the market.
- Stop-Limit order: This order applies to buy or sell a currency when the market has the necessary conditions and after that, you can create an order to the market at a special price.
- Stop-Market Order: You can use this order to save your profit when the market goes in the opposite direction. In this case, you want to close the orders by the liquidity of the order book. For this situation, our exchange has this order’s type.
- Trailing-stop order allows traders to place a pre-set order at a specific percentage away from the market price when the market swings. It helps traders to limit the loss and protect gains when a trade does not move in the direction that traders consider unfavorable.
- A trailing stop order is a stop or Trailing-stop-limit order in which the stop price is not a specific price. Instead, the stop price is either a defined percentage or dollar amount, above or below the current market price of the security
How it works:
For this order, you should input the amount of the currency and price. The system will place the market order when the market crosses this price.
Last Market Price: 1BTC/$10 000
The trader thinks that the market will increase to $12000. Also, he wants to ensure his money if the market decreases (till $9000).
Then the trader inputs in the order’s form amount 1 BTC and price $9000 and clicks on the Sell button. The order was placed.
If the market increases, the order stays as an activity.
If the market decreases and crosses $9000, the system places the Market order and sells this volume by the liquidity of the order book.
In the previous order, we ensure our money.
We would like to suggest an option for increasing your profit if you make the right decision about the market’s trend. For this case, we prepared the Trailing-Stop Order.
This order works with the same logic (Stop-Market Order) but it has an additional advantage.
To use this order, the trader should input the amount and distance. The distance is the difference between the last price and the order of the distance.
The order will follow the last price. It means, if the distance is zero, then the system places the market order (sell or buy). If the difference is the more previous distance then the system recalculates the trigger price by the last price.
Last Market Price: 1BTC/$10 000
The trader thinks that the market will increase to $12000. Also, he wants to increase his profit and input distance by $500.
Then he clicks on the Sell button. The order was placed.
If the market increases to $11000, the system recalculates the trigger price to $10500 for this order. Then if the market decreases, the system places the market order by $10500.
If the market decreases and crosses the last price of $9500, the system places the Market order and sells this volume by the liquidity of the order book.
When you place a Trailing Stop Limit order, you should also indicate the “limit offset parameter” (for buy order it means the distance from your stop-price, i.e the stop-price plus the value you have indicated; for sell order - the stop-price plus your value).
Let us consider a very simple example:
You put a buy trailing stop-limit order and once your stop price is reached, your order makes it to your order book with added (for a buy order) limit offset value.
For example, your stop-price was 100 and your limit offset was 10. Once the market price takes the stop price of your order, it goes to the order book priced 110.
If you put a sell order, the mechanism will work vice versa: once the order stop-price is reached (100), your order will make it to the order book with price 90 (stop-price minus the limit offset value you have indicated).
We added a little hint in front of the limit offset field as well as in front of the distance field.