The TP/SL of the first filled order will be used to take profit or stop loss for all your positions . Other TP/SL will be automatically canceled when the order is created. For example, you placed 3 strategy orders with different TP/SL prices.
Read moreHow do you set TP and SL on Binance futures?
When placing a Limit Order, you will be able to set the [Take Profit] and [Stop Loss] orders simultaneously. Click [Limit] and enter the order price and size. Then, check the box next to [TP/SL] to set the [Take Profit] and [Stop Loss] prices based on the [Last Price] or [Mark Price].
Read moreWhat is reduce only Binance futures?
The system will automatically implement the “Reduce only” risk control measures and notify the user via email. Once this measure is in place the user will only be able to reduce the position of the contract, and will not be able to increase their position or open new positions .
Read moreIs there Stop Loss in Binance?
The Stop Order on Binance Futures is a combination of stop-loss and take-profit orders . The system will decide if an order is a stop-loss order or a take-profit order based on the price level of trigger price against the last price or mark price when the order is placed.
Read moreCan I place a buy and sell order at the same time Binance?
When trading on the Binance Exchange, you can use OCO orders as a basic form of trade automation . This feature gives you the option of placing two limit orders simultaneously, which may come handy for taking profit and minimizing potential losses.
Read moreHow do you use limit and stop Binance?
Approach: Select “Stop-Limit” order, then specify the stop price to be 18.30 USDT and the limit price to be 18.32 USDT. Then click the button “Confirm” to submit the order. To Query Existing Orders: Once orders are submitted, existing ‘stop-limit’ orders can be found and reviewed in “open orders”.28 Şub 2022
Read moreCan you set a Stop Loss and limit sell at the same time?
Yes, as far as the market is concerned, you can submit a limit order to sell at a good price and stop-loss to sell the same asset at a bad price.
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