Is it possible to create a STOP MARKET order?
To ensure safety and risk management, Anny will automatically place a STOP MARKET order wherever this order type is available by the exchange. However, the availability of the STOP MARKET order type may vary between different trading pairs or markets on the exchange.
For instance, on Binance's SPOT trading platform, the STOP MARKET order type might not be available for certain trading pairs. In such cases, Anny will not be able to place a STOP MARKET order on the SPOT market.
However, on Binance's FUTURES trading platform, the STOP MARKET order type might be supported, allowing Anny to utilize it for managing positions and implementing stop-loss strategies.
In summary, Anny will take advantage of the STOP MARKET order type wherever it is supported by the exchange, helping traders implement effective risk management strategies and protect their investments during volatile market conditions. However, the availability of this order type might differ between different markets or trading platforms on the exchange.