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CryptoMF / frostybot-js

Frostybot-JS is a cryptocurrency trading API endpoint, designed to execute webhook or REST requests as orders on a variety of well-known exchanges. While primarily designed to automate your Tradingview strategies, Frostybot can also be integrated with any other software using webhooks or REST. Bitmex, FTX, Deribit and Binance are supported.

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Question: How does binance SPOT Stop Loss work?

Karlheinzniebuhr opened this issue · comments

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As far as I know binance spot does not support exchange side stop loss. My question is, how then does frostybot implement the stop loss on binance spot? How does it work exactly? Does it monitor the price via socket and then trigger a new order as soon as price hits the stop loss level ?