Ready to automate your trading strategies with auto orders on the Knaken app? Auto orders allow you to manage your trading activities efficiently by executing buy or sell orders based on pre-set conditions. This guide will show you how to easily place and manage auto orders. Let’s get started!

Important points:

1. Auto Order feature: Learn what auto orders are and how they can enhance your trading strategies.
2. Setting up auto orders: Discover how to set up automatic buy or sell orders.
3. Choose your conditions: Understand the various conditions and parameters you can set for your auto orders.
4. Manage and monitor: Learn how to manage and track your placed auto orders.
5. Tips for effective use: Get advice on how to make the most of your auto orders.

5 simple steps to place an auto order:

Step 1: Access the auto order feature

Open the Knaken app on your device and navigate to the auto order section. You can find this by tapping the icon with a bank card and a clock.

Step 2: Set up your auto order

Select the option to create a new auto order. Choose whether you want to place a buy or sell order. Additionally, select the currency for your auto order.

Step 3: Determine your conditions

Specify the conditions under which your auto order should be executed. This includes setting the target price and any other relevant parameters. Make sure to enter these conditions accurately.

Step 4: Confirm and place your order

Review the details of your auto order to ensure everything is correct. Once everything is confirmed, your auto order will be placed and automatically executed when the specified conditions are met.

Step 5: Manage and monitor your auto orders

Return to the auto order section to manage your placed orders. Here you can track the status of your auto orders or cancel them if needed.

Pro tip:

For an effective automated trading strategy, set realistic conditions that align with your trading goals. Regularly monitor the market and adjust your auto orders based on market movements for optimal results.

FAQ:

What should I do if my auto order is not executed?

Check if the conditions of your auto order are set correctly and whether the market conditions match your criteria. If the issue persists, contact our support team for further assistance.

Can I cancel my auto order at any time?

Yes, you can cancel your auto orders at any time through the auto order section of the app.

How will I know if my auto order was successfully executed?

You will receive a notification in the app once your auto order has been executed. You can also check the status of your auto order in the auto order section.

And that’s everything about placing auto orders with the Knaken app! With these steps, you are ready to automate your trading strategies and trade more efficiently. Want to learn more? Check out our guides on other handy features of the Knaken app!

Link to the app:

• iOS
• Android

Contact Support: Having issues? Our support team is ready to help! Contact us at [email protected]