TP/SL orders serve as crucial risk management tools, especially when users cannot monitor open positions continuously. They ensure that positions are closed at the Best Bid/Ask Price when the Mid Price of the symbol reaches its trigger price.
Tag: Cryptocurrency
Cryptocurrency is digital money using blockchain technology, allowing fast, secure, and decentralized transactions without banks or middlemen.
Yes, liquidations can occur independently of TP/SL orders. Liquidation reference prices are based on the Mark Price, whereas TP/SL orders use the Mid Price as a reference. If the Mark Price reaches the Liquidation Price before the TP/SL order is ...Read more
The Adjust Funds Invested Feature allows users to add or remove funds invested in an individual open perpetual swap position.
Yes, you can use the Adjust Funds Invested Feature regardless of the chosen leverage.
No. The liquidation price will remain the same.
No, Adding Funds will not increase the contract size of the position. It will increase the funds invested in the position, which can affect the liquidation price in your favor.
Instant Flip is a feature that allows users to quickly reverse their current open position to a new position in the opposite direction.
The exit price for the closing order and the entry price for the opening order will be based on the Best Bid/Ask Price. Example: If the user is using Instant Flip for a Long position: Exit Price of the long position will ...Read more
The quantity will be based on the invested funds and will include the realized profit or loss of the original position.