On the Gate.io ‘s Futures Trading page, you can set SL/TP in the Order Zone when placing an order.
SL/TP order here will be triggered at the order price when the SL/TP price reaches the trigger price ( you can choose either mark price, last price or index price).
What is a Limit SL/TP Order?
A limit SL/TP order combines SL/TP mechanism with a limit order. You can set the minimum profit you expect or the maximum loss you are willing to take on. Once the SL/TP order is set and the trigger price is reached, the limit order will be automatically placed even after logging out or going offline.
In a limit SL/TP order, the SL/TP price is the trigger price of the limit order, and the limit price is the price point at which the order is placed. Limit price can be customizable, buy orders (long) are usually set above the SL/TP price and sell orders (short) are set below the SL/TP price. This difference takes into account the fact that the market price may change within the time difference between triggering SL/TP price and placing the limit order.
What is a Market SL/TP Order?
Market SL/TP orders and limit SL/TP orders operate the same way, when the market SL/TP order is triggered, it will take effect as a market order to be filled immediately.
Please note that when the market is volatile and the price rises or falls sharply, the fill price of the market order may be lower/higher than the fill price that you see on the page when placing the order. Therefore, you’d better pay close attention to the market depth and price fluctuations.
How to Place a Limit/Market SL/TP Order in Order Zone?
Web
- Select “Limit” or “Market” in the “Submit Order” tab.
- Check “SL/TP”.
- Select the trade side “Long(buy)” or “Short(sell)”.
- To place a SL/TP order, please make sure you select the right trigger price (mark price, last price or index price), while the default is “last price”.
- Input your order amount, price, and select “BUY(LONG)” or “SELL(SHORT)”.
App
- Select “Limit” or “Market” on the Futures page.
- Check “Stop Order”.
- To place a stop order, please make sure you select the right trigger price (mark price, last price or index price), while the default is “last price”.
- Input your order amount, price, and select “BUY(LONG)” or “SELL(SHORT)”
Comments
0 comments
Article is closed for comments.