Dear users,
We are excited to announce that the Position Take Profit and Stop Loss feature is now available on WEEX, providing valuable support to many users! This tool helps you better manage trading risks and profits. We invite everyone to try it out and experience this convenient feature!
What is the Position Take Profit and Stop Loss?
The Position Take Profit and Stop Loss is a new feature recently launched by WEEX, allowing users to set take profit and stop loss prices for their entire futures orders. When the market price reaches the user-defined take profit or stop loss level, the system will automatically execute a market order to close the entire position.
Benefits of the Position Take Profit and Stop Loss feature:
• Automated trading and simplified management: Users do not need to manually close positions; the system automatically handles trades based on preset conditions, helping users quickly lock in profits or limit losses while reducing the need to constantly monitor market dynamics.
• Reduced emotional interference and faster response: With automated settings, users can minimize the impact of emotions on decision-making, respond quickly to market changes, and effectively control risks to protect their capital.
How to Set Up the Position Take Profit and Stop Loss?
APP:
1. After opening a futures trading order, users can find the "TP/SL" button in the Positions interface.
2. Click the "TP/SL" button to enter the setup interface for the Position Take Profit and Stop Loss. Users can fill in the take profit target price or stop loss target price based on their trading strategy, and click "Confirm" once completed.
3. After setting up the take profit/stop loss for the entire position, users can find the corresponding take profit/stop loss orders in the Trigger section of the Orders interface. When the asset price reaches the specified order price, the system will automatically execute a market order to close the entire position.
WEB:
1. After opening a futures trading order, users can find the "TP/SL" button in the Details section of the Positions interface
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2. Click the "TP/SL" button to enter the setup interface for the Position Take Profit and Stop Loss. Users can fill in the take profit target price or stop loss target price based on their trading strategy, and click "Confirm" once completed.
3. After setting up the take profit/stop loss for the entire position, users can find the corresponding take profit/stop loss orders in the Trigger section of the Open orders interface. When the asset price reaches the specified order price, the system will automatically execute a market order to close the entire position.
Gainers
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