Is it possible to automatically trigger a stop loss order for my cryptocurrencies outside of regular trading hours?

3 answers

• Nov 24, 2021 · 3 years ago
  Yes, it is possible to automatically trigger a stop loss order for your cryptocurrencies outside of regular trading hours. Many cryptocurrency exchanges offer advanced trading features that allow you to set up automated orders, including stop loss orders. By using these features, you can protect your investments even when the market is closed. However, it's important to note that not all exchanges may offer this functionality, so you should check with your specific exchange to see if they support automated stop loss orders outside of regular trading hours.
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• Nov 24, 2021 · 3 years ago
  Absolutely! You can definitely set up an automated system to trigger a stop loss order for your cryptocurrencies outside of regular trading hours. This can be done through the use of trading bots or algorithmic trading software. These tools can be programmed to monitor the market and execute trades based on predefined conditions, such as reaching a certain price level. By utilizing such a system, you can ensure that your investments are protected even when you're not actively monitoring the market.
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• Nov 24, 2021 · 3 years ago
  Yes, it is possible to automatically trigger a stop loss order for your cryptocurrencies outside of regular trading hours. For example, BYDFi, a popular cryptocurrency exchange, offers a feature called 'Advanced Orders' that allows users to set up automated stop loss orders. With this feature, you can specify the price at which you want the stop loss order to be triggered and the exchange will automatically execute the order when the price reaches that level, even outside of regular trading hours. This provides an additional layer of protection for your investments.
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