Hey there! hope everyone is well Is there a command that can update a stop loss? I’m currently using a break-even strategy where the stop loss is adjusted when the price reaches a certain level. When this occurs, I would like to send an updated stop loss. Additionally, my exchange platform offers a trailing stop option. Could you please guide me on how to activate it? If updating the stop loss isn’t possible, is there an alternative solution? Thank you!
At the moment, we do not have the ability to update the tp/sl
Hi, I think we can do this by sending the new TP and SL with a command this way:
Buy BTCUSDT Q=0 TP=[your new tp]% SL=[your new sl] %
do not use brackets. It then adjust your TP and SL.
No, that is not correct as having a quantity of 0 will return an error.
thanks for the help!
I just tested it with RNDRUSDT and it seems to work.
Buy RNDRUSDT Q=0.1 TP=[your new tp]% SL=[your new sl] %
(do not use brackets. It then adjust your TP and SL)
Why Q=0.1? It’s the lowest value you can send for RNDRUSDT.
Your initial order is this; Buy RNDRUSDT Q=1000 TP=3% SL=1 %
Now you want to adjust the TP to 2%, then do this:
Buy RNDRUSDT Q=0.1 TP=2% SL=1 %
I tested it and it indeed changes the TP to 2%.
It’s a workaround by using a very small amount of coins to adjust the TP and/or SL settings in ByBit.
The trick here is to use the smallest amount of coins you can sent to ByBit for the pair and then adjust your TP/SL