How To Place Bull-Bear Order at LAXYA App?

Bull-Bear Order

  • First of all what is the meaning of Bull-Bear. Bull means market moving upward side and Bear means market moving downward side.
  • The market is moving both side for that reason Bull-Bear order strategy is to take advantage of the pump and dump movement coming into the market. Let’s understand how Bull-Bear works.

you can see pointed candle in below chart image shown spike of price within 15 min.

  • We can use bull-bears to take advantage of such candles. Let’s learn how to place an order.

Time Interval :

  • Time interval decides how much time to set for sudden ups or downs moves in a fluctuating market.

Change Percentage :

  • When the price suddenly moves up or down within the given ‘Change Percentage’, Bull-Bear order is triggered.

Total Investment :

  • The Total Investment or Amount is declared how much investment or amount to buy or sell in a particular Bull-Bear order.

Take Profit :

  • Take Profit determines how much profit you want to make after a bull-bear order executed.

Stop Loss :

  • Stop Loss is an advanced order that is used by traders to prevent additional losses. When a specific price point is met, the order is triggered.

Bull-Bear order place in Laxya App.

How Does Bull-Bear Work?

For example let’s select BTCUSDT pair and set these values

  • Time Interval is 15m
  • Change Percentage is 4%
  • Total Investment 100 USDT
  • Take Profit is 1.5%.

If BTCUSDT price move form $40000 to $43000 in Last 15m.

  • Buy order will be executed at price of $41600($40000 + 4%) of 100USDT and Quantity will be 0.002404 BTC.
  • After that Sell order will be executed at price of $42225($41600 + 1.5%) of Quantity is 0.002404 BTC and Investment will be 101.5 USDT.
  • And profit will get 1.5% of the investment.