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Concurrent Stop Loss/ Take Profit Orders
Concurrent Stop Loss/ Take Profit Orders
Hadar Cornix avatar
Written by Hadar Cornix
Updated over 5 months ago

In Spot Trading, you can't sell more than you have. Hence, you can't put both take profit and stop-loss at same time, with the whole amount.

What the bot does in order to mimic the behavior of putting both of the orders, to protect your position, is to monitor the price and replace between the take profit and stop loss when needed.

So that while your trade is still running, you'll only expect to see one sell order placed at a certain time. Either Take Profit, or Stop Loss.

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