1. Place a Loop Order
Supposing the GT market is volatile recently, user A wants to buy low and sell high to earn more profits. In this case, user A can place a loop order. Supposing the last price for GT is 4.75 USDT, user A can set a Buy order price of Last Price-0.02, a take-profit percentage of 5%, a stop-loss percentage of 2%, a pause time after stop loss of 15 minutes, an order amount 2 GT, 2 loops and a validation duration of 1 day.
The first loop: after clicking "Buy GT", a buy order will be placed first with the order price of 4.73 (Last price 4.75-0.02).
After the first buy order is filled at the price of 4.73, a take-profit Sell order will be placed, the order price = Fill Price * (1 + take-profit percentage) = 4.73 * (1 + 5%) ≈ 4.9665.
After the first take-profit sell order is filled, the first loop ends and the second loop starts. The last price now is 4.9665, the second buy order price is 4.9465 (Last price 4.9665-0.02).
After the second buy order is filled at the price of 4.9465, a take-profit order will be placed, the order price = Fill Price * (1 + take-profit percentage) = 4.9465 * (1 + 5%) ≈ 5.1938.
However, the price trend reverses and the last price falls to 4.8476 USDT, which is ≤ the stop loss price = 4.9465 * (1 - 2%). A stop-loss order is triggered and placed and the take-profit order canceled.
2. Check unfilled orders
Uncanceled, ongoing, unexpired loop orders are all displayed in the "Open Orders"-"LoopOrder". Click "View Details" to view the details of orders in every loop. You can also cancel open orders as well.
3. Check Order History
You can check the details of finished, expired, canceled, or failed loop orders in "Order History"-"LoopOrder".
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