Automatically Bracket Your Crypto Position With Stop Loss And Profit Orders

Automatically place a profit order and stop loss order when you buy #ethereum, #bitcoin, #litecoin or #bitcoincash with a TT Bracket order. #TTCrypto #Coinbase #TTtips

The TT Bracket order identifies when your order has been filled and will place your protective stop and profit orders immediately upon execution of your initiating order. This is “set it and forget it” order entry logic.

Users may configure the TT Bracket order to set a stop order at a predetermined number of ticks away from their execution price. For example, if my order in ETH is to buy 5 ETH at 700.00 and I get filled, buying 5 ETH at 700.00, I may configure my TT Bracket order to submit a protective stop order to sell 5 ETH 20.00 (2000 ticks) lower at 680.00. I may also configure the TT Bracket order to submit a profit order to sell 5 ETH 200.00 higher (20000 ticks) higher at 900.00. If the stop order is filled, the profit order will be cancelled. If the profit order is filled, the stop order will be cancelled.

By using the TT Bracket order, traders can enter a position and move on towards planning their next trade. TT Crypto will be working for you to manage your risk, with a stop order, and letting your winning position run higher towards your profit order.

Speaking of run higher, your stop order may also be configured as a TT Trailing Stop. TT Trailing Stops will follow the market higher but will not move lower. You may watch the following video to learn more about TT Stop orders.

If you would like to read more about TT Crypto, you may do so on the Trading Technologies website or through this Medium post announcing the release of TT Crypto.

TT Crypto also has a dedicated Telegram group which you may join here.

The TT Crypto support forum, loaded with tips on using the platform, may be found here.