·Can be used for taking profit stop loss position squaring or trend opening
·The user's margin or positioning will not be frozen before triggering
1.2 Setting Method
·On the contract trading page, select the "Conditional Order" tab in the order placement panel
·Set the following parameters:
- Trigger price : When the market price reaches this price, the condition order will be triggered
- Order price : After the condition order is triggered, the system will place an order at this price (limit price or market price)
- Pre-set take profit and stop loss : You can choose to set the take profit and stop loss prices in advance while placing a conditional order
Web:
【Setting Entrance】
【Setting】
APP：
【Setting Entrance】 【Setting】
1.3 Summary of setting rule
1.4 Notes
·Position and margin will not be frozen until the condition order is successfully triggered.
·Conditional orders may fail due to the following reasons:
- Positioning restrictions
- Insufficient margin
- The contract is in a non-trading state
- Systemic issues
·Successful triggered limit orders are not necessarily executed like regular limit orders. Unexecuted limit orders will be displayed in the current order.
·If the order is executed, your existing positioning will be closed or a new positioning will be opened. If the order fails, your position and margin will still exist.
·After triggering, if the order price set by the user triggers the limit price rule, the system will use the highest or lowest market limit price at the time of triggering to place an order.
1.5 Application Scenario
·Trend following : Traders can set conditions to automatically open positions when the price breaks through a key level to capture potential trends.
·Risk management : Use conditional orders to set stop losses and automatically position squaring when the market moves in an unfavorable direction, limiting potential losses.
·Automated trading : Set multiple condition orders based on technical indicators or price levels to achieve automated trading strategies.
2. Ordinary Take profit and Stop Loss
2.1 Definition
Regular take profit and stop loss is a type of strategic order used to limit losses and lock in profits.
Type
1.Set profit-taking and stop-loss prices when placing orders: Set the profit-taking and stop-loss prices when opening a position.
2.Set take profit and stop loss for positioning: Set take profit and stop loss for existing positioning.
Features
·Can be preset when placing an order or added after holding a position
·Effectively control risks and lock in profits
·Execute immediately when triggered, reducing human operation delay
2.2 Place Order With Preset Take Profit and Stop Loss
Definition: Users can set stop-loss and take-profit in advance for the positioning to be opened when placing a limit order/Market Order/Conditional order. When the above orders have transaction records, the system will immediately order stop-loss and take-profit at the preset trigger price and order price.
Setting method:
·Select the positioning you want to set in the position list.
·Click the "Take Profit and Stop Loss" button and enter the take profit price and stop loss price
Web：
【Entrance】
【Setting】
APP：
【Entrance】 【Setting】
Note:
Limit order/Market Order/Ordinary condition order preset stop-loss and take-profit. As long as there is a transaction record, the system will create a stop-loss and take-profit for the order, and the order quantity will be updated with the transaction quantity in the "Current Order-Take-Profit Stop-Loss" list. The order can be cancelled at any time before the take-profit and stop-loss take effect.
2.3 Position Setting Take Profit and Stop Loss
Definition: Take Profit and Stop Loss on position is a quick function to set take profit and stop loss for a specified position. Currently, take profit and stop loss can be set for all position (100%) for this position. The take profit and stop loss set here can be viewed or revoked in the "Current Order - Take Profit and Stop Loss" list.
Setting method:
·Select the position you want to set in the position list.
·Click the "Take Profit and Stop Loss" button and enter the take profit price and stop loss price
Web：
【Entrance】
【Setting】
APP：
【Entrance】 【Setting】
Note:
The quantity of all position take-profit and stop-loss orders will be based on the quantity of the entire position. When the position quantity changes (adding or reducing positions), the number of take-profit and stop-loss orders will change accordingly.
At the same time, in this mode, the take profit and stop loss default to Market Order. When the price reaches the trigger price, it will be squared at the market position. Only one take profit and stop loss can be set in this mode. If both take profit and stop loss are set, when one side is triggered, the other side will be automatically cancelled.
2.4 How to use stop-loss and take-profit (case study)
Let’s take long BTC/USDT as an example：
Take Profit Settings :
-
Trigger price: 52,000 USDT
-
Order Price: 51,900 USDT (or market price)
Stop loss settings :
-
Trigger price: 48,000 USDT
-
Order Price: 47,900 USDT (or market price)
In this example:
-
If the BTC price rises to 52,000 USDT, the take profit order will be triggered and the system will close your long position at 51,900 USDT (or the current market price).
-
If the price of BTC falls to 48,000 USDT, a stop-loss order will be triggered and the system will close your long position at 47,900 USDT (or the current market price).
2.5 Summary of setting rules
2.6 Notes
·Before all stop-loss and take-profit orders are successfully triggered, the user's margin will not be frozen.
·Stop-loss orders may fail due to the following reasons:
- Positioning restrictions
- The contract is in a non-trading state
- Systemic issues
·Successful triggered limit orders are not necessarily executed like regular limit orders. Unexecuted limit orders will be displayed in the current order. If the order is executed, your existing positioning will be closed. If the order fails, your position still exists.
·After triggering, if the order price set by the user triggers the limit price rule, the system will use the highest or lowest market limit price at the time of triggering to place an order.
2.7 Application Scenario
·Lock in profits: When a trade is profitable, set a take profit order to ensure profits.
·Limit losses : Set stop-loss orders to control potential losses and protect account funds.
·Emotional management: By presetting stop loss and take profit, reduce emotional interference in the trading process.
3. Trailing Take Profit and Stop Loss
3.1 Definition
Mobile Take Profit Stop Loss is a dynamic risk management tool that automatically adjusts the stop loss price as the price moves favorably to lock in more profit.
Features
·The take-profit/stop-loss price will be adjusted according to market price changes
·You can follow the trend and lock in more profits
·Provide more flexible risk management strategies
3.2 Setting Method
·Select the positioning you want to set in the position list.
·Click the "Trailing Take Profit and Stop Loss" button
·Set the following parameters:
- Activation Price : The price at which the Mobile Take Profit and Stop Loss take effect
- Callback ratio : what percentage of price callback triggers position closing
- Step : adjust the stop loss and take profit price every time the price changes
·Trigger Logic
Long position sell closing：latest price ≥ trigger price, which is triggered when the price falls back a specified amount from the highest point
Short buy closing: latest price ≤ trigger price, which is triggered when the price rises by a specified amount from the lowest point
·Advantage
Can continue to lock in profits, while giving the price a certain fluctuation space.
Web：
【Entrance】
【Setting】
APP：
【Entrance】 【Setting】
3.2 Summary of the activation and triggering rules for trailing stop loss and take profit
Active：
- If the activation price = the latest transaction price when placing an order, the order will be activated immediately when the order is placed.
- If the activation price > the latest transaction price when placing an order, the order will be activated when the new latest transaction price ≥ the activation price.
- If the activation price < the latest transaction price when placing an order, the order will be activated when the new latest transaction price ≤ the activation price.
·Tigger：
Buy: latest price ≥ trigger price
Sell: latest price ≤ trigger price
The trigger price calculation is:
Buy: lowest price + callback price distance; lowest price × (1 + callback range)
Sell: highest price - callback price distance; highest price × (1- callback range)
3.3 Trailing Stop Loss and Take Profit Example (Closing Order)
Assumption: You hold a long position in BTC/USDT, with the current price at 50,000 USDT.
Trailing Stop-Loss and Take-Profit Settings:
Operational Process:
-
The BTC price rises to 51,000 USDT, activating the trailing stop-loss and take-profit.
-
The price continues to rise to 52,000 USDT, automatically adjusting the trigger price to 50,960 USDT (52,000 * (1 - 2%)).
-
The price further increases to 53,000 USDT, and the trigger price adjusts again to 51,940 USDT.
-
If the price retraces to 51,940 USDT, the closing order will be triggered, locking in a significant profit.
This mechanism allows profits to increase as the price rises while providing downside protection.
3.4 Notes
·Before the trailing SL/TP is successfully triggered, the position and margin will not be frozen, so please be careful to avoid the limit order or ordinary stop occupying the margin or position.
·The trailing SL/TP may fail to place an order due to the following reasons:
- Position limit
- The contract is in a non-trading state
- System problem
·The successfully triggered market order is the same as the ordinary market order, which may not be executed. The unexecuted market order will be displayed in the current order. If the order is executed, your existing position will be closed. If the order fails, your position will still be retained.
·It is important to set a reasonable callback ratio. Too small may lead to premature closing of the position, and too large may not effectively protect the profit
·Mobile stop is not suitable for volatile markets and may lead to unexpected closing of positions
3.5 Application Scenario
·Trend tracking: In a strong trend, moving the stop-loss and take-profit can keep profits growing while protecting the gains already made.
·Risk management: In a volatile market, you can manage risks more flexibly and avoid premature closing of positions due to short-term pullbacks.
·Long-term holding: For long-term investors, moving the stop-loss and take-profit can gradually lock in profits while maintaining positions.
4.Conclusion
The various strategy entrustment types provided by Coinstore provide users with flexible trading tools, which help to achieve more sophisticated trading management and risk control. By using these tools reasonably, users can develop more personalized and effective trading plans according to their trading strategies and risk preferences.
·Conditional orders are suitable for setting entry or exit strategies and do not occupy margin;
·Ordinary take-profit and stop-loss are suitable for setting fixed profit or stop-loss points, which is simple and direct;
·Trailing take-profit and stop-loss are suitable for dynamically managing risks in trending markets and maximizing profits.
Choosing a strategy entrustment type that suits you and using it flexibly according to market conditions will help improve trading efficiency and risk management capabilities. Always remember that the key to using these tools reasonably is to understand their characteristics and applicable scenarios, and to operate prudently in combination with your own trading plans.
