What are the best strategies for filling bars on the Binance desktop app?

5 answers

• Dec 17, 2021 · 3 years ago
  One of the best strategies for filling bars on the Binance desktop app is to use limit orders. By setting a specific price at which you want to buy or sell, you can ensure that your order is executed at that price or better. This allows you to have more control over the price you enter or exit a trade, and can help you avoid slippage. Additionally, it's important to consider the liquidity of the trading pair you're trading. If a trading pair has low liquidity, it may be more difficult to fill bars quickly. In such cases, you may need to adjust your strategy and be patient with your orders.
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• Dec 17, 2021 · 3 years ago
  When it comes to filling bars on the Binance desktop app, it's important to understand the concept of market orders. Market orders are executed immediately at the best available price in the market. This means that if you want to fill bars quickly, market orders can be a good option. However, it's important to note that market orders can be subject to slippage, especially during periods of high volatility. To minimize slippage, you can consider using smaller order sizes or using limit orders instead. It's also a good practice to monitor the order book and the depth of the market to get a better understanding of the liquidity and potential impact on filling bars.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of limit orders and market orders to fill bars on the Binance desktop app. Limit orders allow you to set a specific price at which you want to buy or sell, while market orders provide immediate execution at the best available price. By using a combination of these order types, you can take advantage of both control and speed when filling bars. Additionally, it's important to consider the time of day and market conditions when executing your trades. Higher trading volumes and increased liquidity can make it easier to fill bars quickly.
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• Dec 17, 2021 · 3 years ago
  To fill bars on the Binance desktop app, you can also consider using stop orders. Stop orders allow you to set a trigger price at which your order becomes a market order. This can be useful when you want to enter or exit a trade at a specific price level. For example, if you believe that the price of a cryptocurrency will break out of a certain range, you can set a stop order to buy or sell when that price is reached. This can help you capture potential price movements and fill bars more efficiently.
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• Dec 17, 2021 · 3 years ago
  When it comes to filling bars on the Binance desktop app, it's important to have a well-defined trading strategy. This includes setting clear entry and exit points, managing risk, and staying disciplined. It's also important to continuously monitor the market and adjust your strategy as needed. By staying informed about market trends and using technical analysis tools, you can make more informed decisions and improve your chances of filling bars successfully.
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