Popular bitcoin exchange Bitstamp today announced the addition of a new feature that is designed to “improve your trading experience”. The company says that when traders place a limit order, they are now able to set a consecutive buying/selling order at a desired price after the first order is filled.
Bitstamp says the features only available for limit orders. Traders can use it by clicking on ‘Advanced’, and filling in the ‘Buy/Sell If Executed Price’ field.
Bitstamp provides the following example:
– You can place a buy limit order for 1 BTC at a price of $500
– Corresponding with that order you have an option to place a sell order at $510
– When or if your buy order gets filled at $500, a sell order will be placed in the orderbook at $510
Is this something you would use?