Dear valued users,
To help users take profit and stop loss instantly in a fluctuating market, Huobi Futures will launch take-profit and stop-loss function on January 10, 2021 (GMT+8) for coin-margined futures, coin-margined swaps and USDT-margined swaps on WEB and API.
“Take-profit and stop-loss order” refers to a position-closing order with preset trigger conditions (trigger price of take-profit or stop-loss order) and price. When the latest price reaches the preset trigger price, the system will place a position-closing order based on the pre-set price and amount, so as to take profit or stop loss. Currently, there are two methods to place a take-profit and stop-loss order:
- Set a take-profit and stop-loss order when opening a position: When placing a position-opening limit order, users can set a take-profit order or a stop-loss order in advance or set a take-profit order and a stop-loss order at the same time for the position. When the position-opening limit order is partly or fully filled, the system will place a take-profit and stop-loss order with the preset trigger price and price of the limit order.
- Set a take-profit and stop-loss order for an existing position: User can set a take-profit order or stop-loss order for a certain position, or set a take-profit order and a stop-loss order at the same time. When the latest price reaches the trigger conditions, the system will place a position-closing limit order with preset price and amount to market.
For more details, please refer to Take-profit and Stop-loss Operation Instruction.
Thank you for your support to Huobi Futures!
Jan. 5, 2021
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