How to Set Take Profit and Stop Loss

DeeBit exchange perpetual contract platform provides various stop-loss and take-profit features to help users manage position risk effectively during market fluctuations, ensuring safe trading. Users can choose different types of stop-loss and take-profit methods, including position stop-loss/take-profit and plan stop-loss/take-profit. This guide will explain how to set up stop-loss and take-profit on the DeeBit exchange Web and APP versions and answer common questions.

1.In the contract trading page, select either "Limit" or "Market" in the "Submit Order" section.

2.Check the "Stop-Loss/Take-Profit" option.

3.Choose the trading direction "Buy Long" or "Sell Short."

4.When setting up stop-loss and take-profit, ensure you select the correct trigger price. The default stop price for both limit/market stop-loss/take-profit orders is the "Latest Price," but you can select "Latest Price," "Mark Price," or "Index Price" as the trigger price.

5.Input the trade amount and price, then click "Buy Long" or "Sell Short" to place the order.

 

1.In the "Contract" interface, select "Limit Order" or "Market Order."

2.Check the "Stop-Loss/Take-Profit" option.

3.Ensure you select the correct trigger price.

4.Click "Advanced" for more settings and select the trigger price type (Latest Price, Mark Price, or Index Price).

5.Input the trade amount and price, then click "Buy Long" or "Sell Short" to complete the order.

 

1.In the "Position" list, find the "Stop-Loss/Take-Profit" column and click the edit button.

2.In the "Current Orders" list, find the "Stop-Loss/Take-Profit" column and click "Add."

4.Check "Stop-Loss" and "Take-Profit," select the trigger price type (Mark Price, Latest Price, or Index Price), and choose whether to set by price or by return rate.

 

1.In the "Position" interface, click on "Stop-Loss/Take-Profit" and choose "Stop-Loss/Take-Profit."

2.Select the stop-loss/take-profit type (Commission Stop-Loss/Take-Profit, Position Stop-Loss/Take-Profit, or Plan Stop-Loss/Take-Profit).

3.Check "Stop-Loss" and "Take-Profit," select the trigger price type (Mark Price, Latest Price, or Index Price), and choose whether to set by price or by return rate.

 

1.Why is my position still liquidated after setting stop-loss/take-profit? 

A1: DeeBit exchange uses the Mark Price to determine whether the position meets the liquidation conditions. If you choose to trigger by the Latest Price, the Latest Price may deviate significantly from the Mark Price, causing the position to be liquidated before the stop-loss/take-profit trigger price is reached. 

A2: If market prices change too quickly, liquidation and stop-loss/take-profit orders may trigger simultaneously.

 

2.Why did my stop-loss/take-profit order not trigger? 

A1: If the Latest Price, Mark Price, or Index Price does not meet the trigger price condition, the stop-loss/take-profit order will not trigger. 

A2: If price protection is enabled in contract settings, the stop-loss/take-profit order will be rejected if the price deviation exceeds the system threshold.

 

3.Why did my stop-loss/take-profit order not execute after triggering? 

A1: For sell short orders, if the market price continues to fall or does not rise back to the order price, the stop-loss/take-profit order will not execute. 

A2: For buy long orders, if the market price continues to rise or does not pull back to the order price, the stop-loss/take-profit order will not execute.

 

4.How is the margin handled for stop-loss/take-profit orders? 

Before a stop-loss/take-profit is triggered, the funds in the contract account are not locked as margin. Only when the order is triggered and placed according to the preset price and quantity will the funds be locked as margin.

 

5.What happens if I set both limit and market stop-loss/take-profit orders? 

If either limit or market stop-loss/take-profit order is executed, all other orders will be canceled. The reason will be displayed as "Current position is empty."

 

6.How to set stop-loss/take-profit by return rate? 

Users can set a target return rate, and when the actual return rate reaches or exceeds the target, the system will automatically trigger the stop-loss/take-profit order.

 

7.What is the difference between trigger price and order price?