Stop-Loss for alts at BTC price

Stop-Loss for alts at BTC price

Apitrade

The price of the vast majority of altcoins follow the price of bitcoin, and when bitcoin rebounds sharply from its support or resistance level, they also change direction. You can define the bitcoin price at which to close the altcoin position, or specify a time frame, for example, 3 days, so that the system will close the altcoin position automatically when the price of bitcoin reaches a three-day high (recommended for long) or low (recommended for a short).

You can also specify "Deviation" in %, for example, deviation "-1" means that the price should be 1% lower than the maximum price of bitcoin for last 24 hours (or another selected time-frame).

You can specify the minimum unrealized PNL of the position, if it is less, then the stop-loss will not trigger.

You can also enable the "and the current price is better than the opening price" option, which will allow you to close a position only with a profit (if you also specify the minimum PNL).

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