How to set stop loss on okex contract

In OKEx contract trading, setting stop loss can manage risks and prevent excessive losses. Specific steps include: 1. Select the stop loss type: limit stop loss, trailing stop loss, take profit and stop loss; 2. Set the trigger price: enter the specific price for limit price stop loss, enter the relative price or percentage for trailing stop loss, and take profit Enter the specific price for stop loss; 3. Determine the stop loss amount: enter the number of contracts to close, taking into account risk tolerance and market fluctuations; 4. Set the stop loss order: select the type, enter the trigger price and stop loss amount, and click "Place Order" . Limit price stop loss is suitable for high volatility markets and quickly close positions; trailing stop loss is suitable for trending market conditions to lock in profits or limit losses; stop profit and stop loss protect profits and prevent retracement.

OKEx Contract Stop Loss Setting Guide

How to set stop loss?

Setting a stop loss in OKEx futures trading helps manage risk and prevent losses beyond tolerance. The steps to set stop loss are as follows:

1. Select the stop loss type

• Limit stop loss: Triggered when the price reaches or falls below the set price.
• Trailing Stop: Follow the market price to protect profits or limit losses.
• Stop-profit and stop-loss: Triggered when the price reaches or is higher than the set price, locking in profits or protecting surplus.

2. Set trigger price

• Stop limit: Enter the trigger price.
• Trailing Stop: Enter relative price or percentage.
• Take profit and stop loss: enter the trigger price.

3. Determine the stop loss amount

• Enter the number of contracts to be closed.
• Consider risk tolerance and market volatility.

4. Set a stop loss order

• Select the stop loss type.
• Enter trigger price and stop loss amount.
• Click the "Place Order" button.

Detailed description

1. Stop loss type

• Limited stop loss: Close the position immediately to prevent greater losses.
• Trailing Stop: Lock in profits or limit losses.
• Take profit and stop loss: Protect profits and prevent retracement.

2. Trigger price

• Limit stop loss: below the entry price.
• Trailing Stop: Adjust based on market fluctuations and risk tolerance.
• Take profit and stop loss: Higher than the entry price.

3. The stop loss amount

• matches the position size.
• Consider risk tolerance and market volatility.

4. Stop loss order

• Place the order in the market until the trigger price is reached.
• Execute immediately after triggering and close the contract.

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