I introduced two new ‘Stop Limit’ buy orders today
The first order (at 5.35 p.m. CET) with parameters:
Stop Price: 16,650 xUSD
Limit Price: 16,694 xUSD (adjusted by Orderbook to 16,690 xUSD)
Total: 250 xUSD
The second order (at 5.37 p.m. CET) with parameters:
Stop Price: 16,701 xUSD
Limit Price: 16,693 xUSD (adjusted by Orderbook to 16,690 xUSD)
Total: 250 xUSD
When placing this second order, a message appeared: ‘Limit Price is higher than the lowest selling order price. Replace’ (screenshoot #1). Eventually I was able to sign and submit it. But with the ‘Stop Limit’ order, it puts a bit of anxiety into what will happen with this order. Maybe it would be better to change this message a bit?
Going back to the orders, the first one appeared in the Order Book after a few minutes. But I was surprised to see that flying with the price of 16,690 marked with a small triangle (which is definitely mine) appeared first on the buy side, and then on the sell side (in screenshot #2). And yet it is/was the buy order.
The second one is still waiting in ‘Open Orders’
In addition, I noticed that in the ‘Order History’ tab there is a distinction between Stop Limit/Buy (Sell) and Limit Buy/Sell, or Market orders.
In ‘Trade History’ the distinction of top Limit/Buy (Sell) type orders we don’t have yet.
In conclusion, I am still trying to understand the principle of this type of Stop Limit/Buy or Sell orders.
And I was surprised that the Stop Limit/Buy type order appeared in the Order Book on both sides of the ledger. First on the buy side. And later on the sell side.
Chan (@fiftyeightandeight) take a look at this, please.
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