How To Set Stop Loss On Binance

1. How to identify a Limit Order with TP/SL?

When placing a Limit Order, you will exist able to set the [Have Profit] and [Stop Loss] orders simultaneously.

Click [Limit] and enter the order price and size. Then, check the box next to [TP/SL] to set the [Take Profit] and [Terminate Loss] prices based on the [Final Price] or [Marker Price]. Next, click [Buy/Long] or [Sell/Brusque] to place the order.

*You can only select either [TP/SL] or have enabled [Reduce-only] in a single social club.

Please note that if you are using [Hedge Fashion], the [TP/SL] function is but available for [Open up] orders.

You tin can check your orders nether the [Open Orders] tab and Click [View] under [TP/SL] to view social club details.

When an order is triggered, you lot can add together or modify the TP/SL under the [Positions] tab. This volition exist applied to the unabridged position.

After closing the position, the TP/SL volition be automatically canceled.

Under TP/SL, click [Advanced] to have more precise control over the execution price.

Avant-garde TP/SL allows users to set up the TP/SL [Trigger Price] by inbound the percentage [Gain] or [Loss] expected. Information technology too helps ready TP/SL prices based on the [Last Price] or [Mark Price] and displays the estimated profit and loss for Take-Profit and Finish-Loss orders.

2. Which types of orders support the TP/SL part?

Excluding Abaft Terminate Social club, but Limit, Market place, Finish Limit, End Market, and Mail service But Orders are supported under the [TP/SL] function.

These orders are executed through the strategy lodge. Currently, Binance Futures supports ii types of strategy: One-Triggers-a-1-Cancels-the-Other (OTOCO) and 1-Triggers-the-Other (OTO). They allow you to place 2 orders - a primary order and a secondary order - at the same time.

In an OTOCO order, if the primary order is filled or partially filled, the secondary social club will accept consequence (either Take Profit or Terminate Loss). If TP is filled, SL will be canceled, and vice versa. This is as well called an OTO order.

Note: If the trigger price of the secondary gild is too close to the primary society, it is highly likely that the secondary order will exist canceled when the main order is executed. We recommend users set an ample price distance betwixt the primary and secondary orders.

iii. If I increment or reduce my position, will it trigger the TP/SL to close all my positions?

Yes, all positions volition exist closed after increasing or reducing the position. Yous can view the orders under [Open Orders] - [Close Position].

four. Can I fix multiple TP/SL for my orders?

Aye, users can fix multiple Accept Turn a profit and Terminate Loss orders for each of their Long or Brusque positions. Note that the Take Turn a profit and Stop Loss orders will exist executed in the order that they were placed until the cumulative size of these orders meets the aforementioned size of the primary Long or Short position.

5. Tin can I view the unfulfilled TP/SL nether [Open Orders]?

You lot tin click [View] under [TP/SL] on the chief social club to view unfulfilled TP/SL.

half-dozen. Are rules for Cease Limit/Stop Market/Trailing Stop Order the aforementioned?

In that location is no alter to the Stop Limit/Stop Marketplace/Trailing Stop Gild shown below. You can choose whether to enable 'Reduce-But', gear up Trigger toll and Execution price, etc. Delight annotation that the TP/SL prepare here volition not be shown in your positions, and it doesn't back up the [Close Position] function.

Source: https://www.binance.com/en/support/faq/e1ee1738141c49718550fa9061be4bf3#:~:text=When%20placing%20a%20Limit%20Order,%5D%20or%20%5BMark%20Price%5D.

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