A Trigger Order (or conditional market order) executes a trade only if specific conditions, such as price levels or market movements, are met.
Tag: Cryptocurrency
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Shiraverse Latest Questions
The reference price for TP/SL orders is the Mid Price. Note that the closing price of a position is based on the Best Bid/Ask Price. Expect slippage during times of market volatility.
Mid Price is calculated as [Current Bid Price + Current Ask Price] / 2.
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.
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.