When I try to set my TP/SL, I want to know the exact limit price I’m aiming for. If the market swings, I’d like to cancel and put in a lower buy. But it seems like none of my TP/SL orders ever get filled... I’d share screenshots but idk how to do that here.
To post images, you gotta hit junior member status first. Need 1 merit and 30 posts in total for that. You can also use a site like talkimg.com to upload your pics and just drop the link here.
Are you referring to Coinbase? When you set TP and SL, they won’t execute unless your limit order gets filled. If you use a market order, it fills immediately but, yeah, maybe you need to reread how TP/SL works. Coinbase has a guide you should check out.
What exchange are you on? Depending on your TP/SL order type, setting a good trigger price is key. If the market moves too fast, your order might not fill in time. Sharing some images would definitely help us understand better.
I'm thinking of placing a buy order at $10 while the coin bounces between $5 and $15. I don’t wanna stay up all night watching it drop to $10. After it buys at $10, I want to TP at $20 and SL at $8. Using OCO means I need to own the coins already, right? I just wanna keep my liquidity instead of buying in a bear market.”},{
Are you trading with spot or futures?
Because the OCO is for spot, the sell option in OCO will only work if you already have the crypto you are willing to sell; it acts like take profit or stop loss, while the buy option, if you have funds in USDT with the pair BTCUSDT, then it would buy.
Based on your sample above, I think the limit order is enough with the advanced TP/SL.
Your setup should be like this
From $5 once it hits $10 it will buy at that price with sell order at $8 and $20 any of this hits the total amount you buy from $10 will be sold at that price($8 or $20).
I am not able to log into my Coinbase account. It looks like it got blocked after there was no more support for my Country, so I am not so sure how their OCO works at this moment in time, but there are some exchanges I know where you can set a limit buy order and then also the set stop loss or TP orders get placed in the order book as soon as the limit order gets executed. I think there are also some third party bots that can do this if you trade with the help of API keys. Of course, it has to be a trustworthy bot.
Trading orders on Cex exchanges has different options eg. there are market orders, Limit orders, stop limit, stop market, trailing stop etc.
In fact, for a better and adequate trading instructions or learning processes, i think you should visit YouTube channel for all you are expected to know about TP/SL( Take profit and Stop Loss, others) lessons. There a lot of live video from different instructors that will guide you.
Im just doing spot, as I dont know how futures work too well so if you dont understand then you dont invest.
Also is there a way when you place an order for coinbase for it to automatially show it on your andles and to put your tpsl on the candles and prie so a quik glae shows how lose you are, so you dont have to write down and keep checking the orders box..
But I always do have to write dow because I pull up open orders I cant see my entry point. No logic! I wouldnt even buy a tpsl if I didnt see a good limit price to get it.
Its like I have to check my CB account every hour to see if I hiy my target or if its time to dump so I dont lose my liquidity.
Honestly, I don't understand. If English isn't your mother tongue, I suggest use a translator instead, like https://translate.google.com/ and paste it here.
Because there might be missing characters or a different language in your post. People will likely be confused.
I still confuse why you would buy a TP and SL; it's just an advanced option on limit order the first thing will be filled once the price hit your limit order, it's filled, and the TP and SL will be placed as an open order.
The explanation you are providing makes us confused; it seems that you actually didn't understand how limit orders works and how the advanced TP/SL works. You don't need to wait or to check it from time to time since it's automated. Once the price you set in the limit order hits, it will be filled, and it will place another open order for TP/SL. Sample it hits the price of your limit order with TP/SL and any of these TP/SL. Once the price hits that TP or SL, your coins will be sold at the TP/SL price.
OKthanks for the info i do speak english but im lrgally blind so typing and setting up CB to see is a PITA,
How do I make my orders show up in the candles? I have clicked every button thats on site,
Also another problem that might have no solution I made an awesome tpsl order and would have hit the TP which was high but I set the SL really low thinking it would never touch it,
But NO! one of those 15 min candles with this crazy-6% wick happened where the price drops for five minutes and then the price shot back up in a minute, Is there a way you can put a time delay like the SL has to be below $x for two candle [10 min before it can execute?
I wish I could buuild my own ypsl with my algorhytim in my head.
I guess not many of us here can use Coinbase so we can't see for ourselves but it seems really weird you can't see your entry price!!
If you want you can post some images on talkimg.com, and just leave the links here, us older members can see and help post the graphics for you. So others can comment and see
Is there a reason you're doing Coinbase and not something else? Have you tried asking support
i do coinbase because set up with ID bank account was a huge pain.
The customer support lady just would read cue cards like a robot and contradict herself. I feel bad they only get paid $5 a day and barely speak english and probably never owned a computer or I phone. I could hear roosters in her yard they breed them in the philipines. So I found the problem of my locked account was I was wearing my hair down at the DMV that day and to get the 100% AI crap software to verify I had to wear my hair down. If i cut it short I wouldnt have a coinbase account, Of course customer service is a joke. BIORobots That will never make enough to open an account so what do they care if some rich american gets messed up. At one point I started SHOUTING STOP READING THE SCRIPT AND LISTEN!!!!! horrible.
Now I get you, US people have very few choices, sorry about your Coinbase experience, you should leave review on Trustpilot.
Well I hope you manage to solve your issue, its been a couple of weeks now.
Customer Support, you're right unfortunately. Whether its exchange or casino or basically anything on internet, its super super rare to get an agent that actually understands whats going on.
Now with AI/chatgpt it gets even worse, they don't need to pay anyone and think thats all enough.
Coinbase getting people in Philippines sounds really unreal tho
The same reason some platforms just use the chatbots. They don't want to spend some good money on qualified/professional Customer assistants who work remotely so they look out for those who come from countries where the low wages they offer are acceptable.
I don't know how many times I have encountered customer assistants who didn't even seem to have enough technical knowledge about the issues that come up in the platforms they work for. My guess is, the cheaper the labour, the shittier the service offered.
And worse, the smaller platforms pay better I guess. Coinbase at the top tier but bottomtier support.
Which makes me double triple impressed when I use a platform where support people are actually knowledgeable about the thing, and even if they can't help solve the issue right then, the fact they get it and you don't have to repeat yourself, always makes me go wow.
This is the shit side of crypto, too, if you ask me. Its supposed to be amazing and great and then adoption everywhere but try using it for real on external services and you get so frustrated.