[Stop-Limit] refers to a position-closing order with trigger conditions (trigger price of take-profit or stop-loss order) and price.

1. Set a [Stop-Limit] order when opening a position: When placing a position-opening limit order, users can set a take-profit order or a stop-loss order in advance or set a take-profit order and a stop-loss order at the same time for the position.

2. Set a [Stop-Limit] order for an existing position: User can set a take-profit order or stop-loss order for a certain position, or set a take-profit order and a stop-loss order at the same time.

 

Web

Example 1: Set a [Stop-Limit] when opening a position

Assume a scenario, after a careful analysis, Bob believes BTC’s key support will be near 19,000USD, so he triggers a [Stop-Limit] with 20 USDT.

If the BTC price drops to 16000 USDT, the support will be weak and the market may fall sharply. To avoid this slump, we should stop loss at the price of 16000 USDT. At the same time, if the price rises above 25000 USDT, there might be a fair price, so we could take profit at the price of 25000 USDT. Then he can choose to set a take-profit order and a stop-loss order at the same time when opening the position.

Notes:

Users can set either a take-profit order or a stop-loss order, or set both take-profit order and stop-loss order at the same time.

After the order is set, users should click [Open Long] to confirm the order.

Example 2: Set a [Stop-Limit] for an existing position

Assume Bob holds a long position of BTC/USDT Prep with an average price of 19,270.0 USDT, while the latest market price of BTC/USD is 19,314.0USD. If at this time Bob wants to set a [Stop-Limit]for the position, there are two methods as below:

 

Method 1: set by price

Notes: For Long Position, the take-profit price entered is required to be higher than the latest price when holding long positions, while the stop-loss price is required to be lower.

 

Method 2: Set by profit rate

Notes: The profit rate set to take profit is required to be higher than that of the current position, while profit rate set to stop loss is required to be lower.

 

APP

Example 1: Set a [Stop-Limit] when opening a position

Assume the buying price of limit order is 19,000USDT and the quantity is 20 USDT. After the limit order is set, click[Stop-Limit] to set a take-profit and stop-loss order.

If the BTC price drops to 16000USDT, the support will be weak and the market may fall sharply. To avoid this slump, we should stop loss at the price of 16000USDT. At the same time, if the price rises above 25000USDT, there might be a fair price, so we could take profit at the price of 25000USDT. Then he can choose to set a take-profit order and a stop-loss order at the same time when opening the position.

Notes:

Users can set either a take-profit order or a stop-loss order, or set both take-profit order and stop-loss order at the same time.

After the order is set, users can click [Open Long] to place an order.

Please make sure your APP version is up to date.

Example 2: Set a [Stop-Limit] for an existing position

You can set the [Stop-Limit] by tap[Take-Profit] or [Stop-Loss]

 

Users are required to set Trigger Price/PnL Ratio, Order Price and Amount.

After clicking Close, you can check the orders via [Open Order], then [Stop-Limit].