okex perpetual contract stop profit and stop loss tutorial

OKEx Perpetual Contract Take Profit and Stop Loss Tutorial Take Profit and Stop Loss Definition: Take Profit: A preset order that is triggered when the set price is reached to lock in profits. Stop loss: a preset order that is triggered when the set price is reached to limit losses. OKEx perpetual contract take-profit and stop-loss settings: Conditional order: Specify take-profit and stop-loss when creating an order. Trigger order: Set take profit and stop loss after the order is executed. Note: Take-profit and stop-loss prices should be set reasonably based on market trends and risk tolerance. Stop-profit and stop-loss orders are executed immediately after being triggered to ensure that unnecessary triggers are avoided. "Take Profit and Stop Loss" sub-section in the order tab

OKEx Perpetual Contract Take Profit and Stop Loss Tutorial

What are Take Profit and Stop Loss?

Take profit: Default order, triggered when the price reaches a predetermined value, locking in profits.
Stop loss: preset order, triggered when the price reaches a predetermined value, limiting losses.

Take profit and stop loss in OKEx perpetual contract

Setting method:

• Conditional order: Specify the take profit and stop loss conditions when creating an order.
• Trigger order: Set stop-profit and stop-loss conditions after the order is executed.

How to set up take profit and stop loss

Conditional order

1. Create an order and check "Take Profit" and "Stop Loss".
2. Enter the take profit and stop loss price.
3. Click "Create".

Trigger order

1. Execute order.
2. Click on the "More" tab.
3. Select "Set Trigger Order".
4. Enter the take profit and stop loss prices.
5. Click "Create".

Notes

• Price settings refer to market trends and risk tolerance.
• The order will be executed immediately after it is triggered to avoid unnecessary triggering.
• Orders can be managed in the "Take Profit and Stop Loss" sub-tab of the "Order" tab.

The above is the detailed content of okex perpetual contract stop profit and stop loss tutorial. For more information, please follow other related articles on the PHP Chinese website!