I’m using Binance future rest api on my trading bot for BTCUSDT pair. Since taker fees are more than maker fees (almost double [https://www.binance.com/en/fee/futureFee](https://www.binance.com/en/fee/futureFee)) I’d like to use only maker order type(limit, stop or stop-limit)
Suppose I Buy 100$ of BTC when BTC price reach 30000$ ==> this is a Long limit order with 100$ BTC quantity and price of 30000$
I Have 2 conditions to quit my position. I’d like to quit when BTC price decrease(example when I loose 25$) or when BTC price increase at certain price (example when I win 30$). For simplicity, assume I quit my long position when BTC decrease to 29000$ (25$ of loss) or when it increase to 31500$(30$ of profit)
Can i make this 2 limit orders in this scenario to quit my position ?
1. First limit order with 100$ of btc quantity at btc price of 29000$
2. Second limit order with 100$ of btc quantity when btc price reaches 31500$
if not what type of order can I use to stop loss and take profit in this scenario (avoiding taker fees)?