SkyRocket Platform – FAQs

Here you can access all statistics on your performance on chosen markets.

In the upper right corner, a finder and a tab is featuring your favourite trading pair.

Interface blocking ensures no risk of accidental clicks. Click the “lock” icon.

A window will pop up that allows you to unblock if needed on the bottom of the site.

Go to the Market tab. In the upper left corner, you will find the possibility to change markets.

In this tab, you can change:

• language (English or Polish)
• platform theme (light or dark)
• animations on-site (switch on or switch off)

Go to accounts.

Click Add new exchange account.

Choose the exchange where you have the account you want to add

Enter your account name

Enter your public API key (generated on the chosen platform)

Enter Secret (generated on the chosen platform)

Switch on Active and Trading. From now on, you can use your account on the platform

Binance account.

For more security, generating API keys, enter these IP addresses in IP restriction: tab.

Limit – A Limit order is the one to buy or sell at a specific price level, or lower than specified on a purchase order or higher than specified on a sell order. These are the most common types of orders.

Example 1:

 The current price for a BTC is $ 56,500.

We want to buy a BTC for $ 56,000, and we set the order at this price, expecting a Limit price level.

If the price drops by $ 500 (reaching $ 56,000), the purchase will be made.

Please note that we often pay lower transaction fees when using the SELL LIMIT.

Example 2:

The current price for a BTC is $ 56,500.

We want to sell a BTC for $ 57,000, and we set the order at this price expecting a Limit price level.

If the price increases by $ 500 (reaching $ 57,000), the sale will be made.

Please note that we often pay lower transaction fees when using the BUY LIMIT.

Market – Purchasing at a market price is the fastest way to put your order on the market. The purchase will take place at the best price present in the order book at the execution time. Please note that a delay may result in receiving a better or worse price.

MARKET BUY order

Example:

The current price for a BTC is $ 56,500.

We want to buy a BTC as soon as possible at the current market price. The purchase will be made in the first available sale order. Please note that we often pay higher transaction fees when using the MARKET BUY.

MARKET SELL order

Example:

The current price for a BTC is $ 56,500.

We want to sell a BTC as soon as possible at the current market price. The sale will be made in the first available buy order. Please note that we often pay higher transaction fees when using MARKET SELL.

Stop Limit – an order with an activation limit that includes a price limit at which the order is to be processed. If a Stop Limit order is activated, the order is added to the order book as a Limit order.

Trailing SL – this is an order that automatically follows a changing market rate.

The order is activated when the trend changes.

TRAILING SL BUY order

Example:

The current price for a BTC is $ 56,500.

 We want to buy a BTC at the lowest possible price. We need to put in place the following settings:

•   Trailing – we set the price drop rate, reaching which the LIMIT BUY order will be issued.

o   Example 1% – the maximum price for which we accept the purchase is $ 65 higher than the lowest

o   Example 2% – the maximum price for which we accept the purchase is $ 130 higher than the lowest

•   Limit – we set the acceptable rate of price change, after reaching which the order will be executed in full.

TRAILING SL SELL order

 Example:

The current price for a BTC is $ 56,500.

 We want to sell BTC at the highest possible price. We need to put in place the following settings:

•   Trailing – we set the price rise rate, reaching which the LIMIT SELL order will be issued.

o   Example 1% – the minimum price for which we accept sales is $ 65 lower than the highest

o   Example 2% – the minimum price for which we accept sales is $ 130 lower than the highest

•   Limit – we set the acceptable rate of price change, after reaching which the order will be executed in full.

SkyRocket Buy – this is an order that automatically follows the falling exchange rate in the event of a price drop. It is activated when the falling trend changes (the price starts growing). It is the best form of order if we want to buy our asset at the most favorable exchange rate.

Order SKYROCKET BUY

Example:

The current price for a BTC is $ 56,500.

We want to buy a BTC for a maximum of $ 55,959. We need to put in place the following settings:

•   Activate at level – $ 55,900
•   Trailing – we set the price rise rate, reaching which the LIMIT BUY order will be issued.

o   Example 1% – the minimum price for which we accept purchases is $ 59 higher than the lowest

o   Example 2% – the minimum price for which we accept purchases is $ 118 higher than the lowest

•   Limit – we set the acceptable rate of price change, after reaching which the order will be executed in full.

SkyRokcet Sell – this is an order that automatically follows the growing exchange rate in the event of a price rise. It is activated when the ever increasing trend changes (the price starts falling). It is the best form of order if we want to sell our asset at the most favorable exchange rate.

Order SKYROCKET SELL

Example:

 The current price for a BTC is $ 56,500.

We want to sell a BTC at the highest possible price. We need to put in place the following settings:

•   Activate at level – $ 56,700

Now, the price has reached $ 57,000. The following settings are put in place:

•   Trailing – we set the price rise rate, reaching which the LIMIT SELL order will be issued.

o   Example 1% – the minimum price for which we accept sales is $ 70 lower than the highest (which is $ 56,930, $ 230 more than a Limit)

o   Example 2% – the minimum price for which we accept sales is $ 140 lower than the highest

•   Limit – we set the acceptable rate of price change, after reaching which the order will be executed in full.

Go to the Market tab and select the Binance exchange in the upper left corner.

In the open orders list, you have the option of cancelling single or all open orders put on the Binance exchange.

You can use a search engine from the upper right corner or a tab with your favorite trading pairs.

Go to accounts.

Click Add new exchange account.

Choose the exchange where you have the account you want to add

Enter your account name

Enter your public API key (generated on the chosen platform)

Enter Secret (generated on the chosen platform)

Switch on Active and Trading. From now on, you can use your account on the platform

Binance account.

For more security, generating API keys, enter these IP addresses in IP restriction: tab.

A Limit order is the one to buy or sell at a specific price level, or lower than specified on a purchase order or higher than specified on sale order. These are the most common types of orders.

Purchasing at a market price is the fastest way to put your order on the market. The purchase will take place at the best price present in the order book at the execution time. Please note that a delay may result in receiving a better or worse price.

It is an order that does not enter the order book until the market reaches a certain price. Traders usually use Stop Market order for one of the following reasons:

• As a risk management tool to limit losses on an existing position
• As an automatic tool to enter the market at the desired point, without placing a manual order 

It is an order with an activation limit that also includes a price limit at which the order is to be processed. If a Stop Limit order is activated, the order is added to the order book as a Limit order.

It can be used to set a target price for a position. It works similarly to the Stop order, but the triggers are set in the opposite direction. Use this order to exit a profitable position or to set an entry point for a new position.

It can be used to set a target price for a position. It works similarly to the Stop order, but the triggers are set in the opposite direction. Use this order to exit a profitable position or to set an entry point for a new position. After activating the Take Profit Market order, it becomes a market order.

It is similar to a Stop Loss order; in which you specify the difference in distance from the activation price. In the event of a change in the market price, set as a favorable one to the investor, the Stop Loss level, limiting losses, will be automatically moved in line with the price movement.

Post Only – 

Orders having the Post Only option selected will be processed either exactly at the price we have specified, or won’t be processed at all (use when setting a Buy/Sell Limit or Take Profit Limit Buy/Sell order).

Reduce Only – 

Using Reduce Only, you will not be able to spend more than you have in your position.

Close On Trigger – 

When this option is selected, each order will be processed when the price reaches this level.

Mark – 

Average prices from the Last and the Index, 

Last – 

Last transaction price on the Bitmex order book. 

Index – 

Average price from Coinbase and BitStamp exchanges.

How do you choose a pair to trade?

You can use a search engine from the upper right corner or a tab with your favorite trading pairs.

How to cancel an order on the Bitmex exchange?

Go to the Market tab and select the Bitmex exchange in the upper left corner.

In the open orders list, you have the option of cancelling single or all open orders.

As the group owner, you can remove group members by clicking “delete.”

Click “create new group” and fill in the basic data:

• group name
• description
• upload your logo

After you have created your group, you can invite traders to join.

Click “invite user” and insert the user email address.

The invited user will receive an email with a link that needs to be clicked to accept the invite. After clicking it, the new user will be visible in the group.

When your API connection is established, your transactions, orders and balances are synchronised to Skyrocket.trade.

From this moment on, you can trade with the use of standard tools and some additional tools that are unique to SkyRocket

Yes, we are using the newest and best security mechanisms in the world

TLS – an upgrade of SSL that ensures data security through asymmetric encryption

2FA – multi-factor authentication.