#OrderTyipes101
For Algorithmic Trading & Automation**
- **Stop Limit Order:** Helps avoid slippage by setting an execution price after the market reaches a certain level. Ideal for trading bots that require tight execution control.
- **Market Order:** Executed quickly based on signals from algorithmic strategies without waiting for a specific price level.
💡 **For Crypto Trading (BTC, Altcoin)**
- **Buy Stop:** Used to enter a position after the price breaks through a key resistance level, suitable for bullish patterns like cup & handle.
- **Sell Stop:** Activated when the price breaks through a support level, helping to secure positions before a deeper bearish trend occurs.
This type of order can be customized based on your technical analysis, including indicators like RSI, MACD, and Fibonacci. To optimize your trading strategy, you can combine it with proper risk management.
Would you like to customize it for specific market conditions?