How does Kraken calculate stop loss orders?

3 answers

• SqwadoJul 16, 2023 · 3 years ago
  Kraken calculates stop loss orders by using a combination of the current market price and the user-defined stop loss percentage. When a stop loss order is triggered, Kraken automatically sells the specified cryptocurrency at the best available market price. This helps traders limit potential losses and manage risk effectively.
  328

  164
• DossiDec 22, 2022 · 3 years ago
  Stop loss orders on Kraken are calculated based on the user's specified stop loss percentage and the current market price of the cryptocurrency. When the market price reaches or falls below the stop loss price, the order is triggered and executed. It's an essential tool for risk management in cryptocurrency trading.
  317

  106
• shin012008thantMay 16, 2021 · 5 years ago
  Stop loss orders are crucial in cryptocurrency trading, and Kraken provides a reliable mechanism for executing them. When a stop loss order is placed on Kraken, it is processed by the exchange's matching engine, which ensures that the order is executed at the best available price. This feature is particularly useful for traders who want to protect their investments and minimize potential losses.
  398

  100