Mastering the Advanced Order Types on TradingMaster

Beyond the "Buy" button lies a toolkit of precision instruments. Advanced order types distinguish the professionals from the gamblers. Here is how to use them on TradingMaster AI.

1. Stop Limit vs. Stop Market

• Stop Market: "Get me out at any price once we hit $X."
  • Pro: Guaranteed exit.
  • Con: Slippage (you might sell lower than you want).
• Stop Limit: "Trigger a Limit sell order when we hit $X."
  • Pro: Precise price.
  • Con: Risk of not getting filled if price crashes too fast.

Recommendation: Use Stop Market for emergency exits (Stop Losses), Stop Limit for entries.

2. OCO (One Cancels the Other)

This is the ultimate set-and-forget tool. You place two orders simultaneously:

1. Take Profit (Limit Sell): Higher than current price.
2. Stop Loss (Stop Market): Lower than current price.

If one executes, the other is automatically cancelled. This allows you to set your trade and go to sleep without worrying.

3. Trailing Stop

The best way to let winners run. Instead of a fixed price, the stop moves up as the price moves up.

• Example: "Trail by 2%."
• If BTC goes from $50k to $60k, your stop moves from $49k to $58.8k.
• If BTC drops, the stop stays put.

Configure these easily in your Bot Settings.