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I can do basic buy/sell on Kraken fine using market and limit orders.

I'd like to place a sell order that will only sell if:

  • the price of BTC reaches a certain minimum amount
  • but, if the price keeps on going up, I of course want the system to wait until the price starts to drop again, say X %, before selling.

How can I do this?

Community
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Brad Parks
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1 Answers1

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At the moment, Kraken has disabled all advanced order types - so there is nothing that can do what you're looking for on Kraken.

That said, I think the order type that you are looking for is called trailing-stop-order. You can read more about it here, for example: https://support.bitfinex.com/hc/en-us/articles/115003506545-Trailing-Stop-Order

michaelr524
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