TP/SL support for single area under K line
- Simultaneously set take profit and stop loss for orders to easily manage risk.
- Directly preset the take profit/stop loss price when placing a limit order, plan order, market order or condition order.
- Adjust the take profit or stop loss price at any time before the order is closed.
- When the price hits the take profit price, the take profit order is automatically filled, helping to lock in the proceeds.
- When the price hits the stop-loss price, the stop-loss order is automatically filled to help control losses.
Quickly set take profit and stop loss on the candlestick chart
1、Quickly create take profit and stop loss
Select the TP/SL button and press the mouse, dragging down or up
2、Quickly modify take profit and stop loss
Select the TP/SL line, press the mouse and drag the TP/SL line up or down
How to set up batch take profit and stop loss
Select "Batch Take Profit/Stop Loss", configure the relevant parameters, and then click Confirm.
Options when setting a take profit and stop loss order
1、The entire position
- Take Profit/Stop Loss applies to the entire position.
- Only one take profit and stop loss order is allowed per position.
- When the price hits the take profit or stop loss trigger, the full market position squaring.
2、take profit and stop loss in batches
- Take Profit/Stop Loss applies only to the current order or part of the position.
- Multiple Take Profit and Stop Loss orders can be placed for the same position.
- When the partial take profit or stop loss trigger price is reached, the corresponding quantity will be squaring through the market order or limit order position.
- If both take profit and stop loss are set, when one is triggered, the other will be automatically cancelled.
Example
To help you better understand the Take Profit and Stop Loss feature of the Bitunix platform, here are a few scenarios.
There are multiple take profit and stop loss orders simultaneously.
Assuming the current market price of BTC is $100,000, Trader A holds an open long position of 1 BTC with multiple Take Profit and Stop Loss orders, as follows:
1、Take Profit and Stop Loss Order A
- Take Profit and Stop Loss Effective Range: Some Positions (via Conditional Market Order)
- Take Profit Trigger Price: $110,000
- Amount: 0.5 BTC
2、Take Profit and Stop Loss Order B
Take Profit and Stop Loss Effective Range: Some Positions (via Conditional Limit Order)
- Take Profit Trigger Price: $112,000
- Order Price: $112,500
- Amount: 0.5 BTC
3、Take Profit Stop Loss Order C
- Take Profit and Stop Loss Effective Range: Entire Position
- Take Profit Trigger Price: $98,000
In the following market conditions, the Take Profit and Stop Loss function will operate as follows:
- When the market price of BTC reaches $110,000, Take Profit and Stop Loss Orders A will be triggered and 0.5 BTC will be squared at the market position. Trader A's remaining position is 0.5 BTC. At this point, Take Profit and Stop Loss Orders B and C are still valid.
- When the market price of BTC reaches $112,000, Trader A manually positions squaring 0.1 BTC and the remaining position is 0.4 BTC. At this point, Take Profit and Stop Loss Orders B and C are still valid.
- When the market price of BTC reaches $120,000, a Take Profit Stop Loss Order B is triggered, and a Take Profit Limit Order B of $112,500 is placed in the order book pending execution.
- If the price reaches $112,500, the Take Profit Limit Order B will be filled and the remaining 0.4 BTC will be positioned squaring. At this point, the Take Profit Stop Loss Order C is automatically cancelled.
- If the price does not reach $112,500, but instead falls back to $98,000, the Take Profit Stop Loss Order C for the entire position will be triggered, that is, the remaining 0.4 BTC will be squared at the market price position. At this point, the Take Profit Limit Order B and the excess of the Order C (0.1 BTC) will be cancelled.
Disclaimer
This article is not intended to provide
(I) investment advice or investment recommendations;
(Ii) an offer or solicitation to buy, sell or hold digital assets;
(Iii) Financial, accounting, legal or tax advice. Digital assets held (including stablecoins and NFTs) involve a high level of risk and may fluctuate significantly. You should carefully consider whether trading or holding digital assets is appropriate for you based on your financial situation. Please consult your legal/tax/investment professional for your specific situation. Please be responsible for understanding and complying with relevant local applicable laws and regulations.