How To Set Stop Loss On Kucoin
Setting "Have Profit & Stop Loss" is quite common in Futures trading. Users can set the take turn a profit or stop loss toll to control the risks and keep profit while curbing losses. In KuCoin Futures, at that place are two ways to set take profit and end loss: 1) Fix when placing an order and 2) Set in positions.
Virtually users know how to gear up Take Profit & Cease Loss in positions, so how about setting information technology when placing an order? Taking KuCoin Futures (web) as an example, nosotros will analyze the differences between the ii types of settings.
one. What is "Gear up Accept Turn a profit & Finish Loss When Placing an Order"?
Just as its name implies, users tin set the take profit or cease loss toll when creating an order (limit or marketplace) or a position. When the order is executed (fully or partially), the Take Profit & Terminate Loss will accept effect to command the risks.
2. How to set up "Take Profit & Terminate Loss"?
There are only 2 steps: 1) Enable the feature of Take Profit & Cease Loss, 2) Set Accept Profit & Stop Loss when placing an guild.
Step ane: Enable the feature of Take Turn a profit & Stop Loss
Take Profit & Stop Loss is not displayed on the interface past default. To enable this feature, users need to click "Settings" on the upper right corner of the KuCoin Futures folio, then click "Characteristic Preference" --> enable "Have Profit & Stop Loss".
Step two: Set the Have Profit & Stop Loss price when placing an order
In the gild-placing panel for Limit and Market lodge, click "Take Profit & Stop Loss", and choose "Last Toll" or "Mark Cost" to trigger the lodge. Delight DO NOT prepare the "Reduce Only" and "Take Profit & Stop Loss" at the aforementioned time considering the two settings volition atomic number 82 to the reduction of positions, and they are incompatible.
Take Profit & Terminate Loss - Limit Guild
Accept Profit & Stop Loss - Market Order
Besides, Take Profit & Stop Loss only takes effect when the social club was successfully executed. Users can check the society details in the "Take Turn a profit & Stop Loss" list shown below.
three. Set when placing an order VS. Set in positions
(1) Similarities
Both setting methods can keep the profits and losses within the controllable range.
When setting the take turn a profit or stop loss prices, the take profit toll cannot be inferior to the order cost, whereas the cease loss price cannot be superior to the order price. Taking the limit guild every bit an example, the take profit or stop loss price will be affected past the side of the position, users tin place the gild but when the price meets the requirement.
(two) Differences
Manifestly, there are differences between the ii setting methods (see the tabular array below):
four. FAQs
1) Why is the setting for Accept Profit & Terminate Loss unavailable for Stop Society?
The Take Turn a profit & Stop Loss society itself is a stop order, and so users cannot set up the end guild again.
2) When volition the Take Turn a profit & Cease Loss become invalid?
A. Information technology will get invalid when the club is cancelled earlier information technology is executed.
B. It will become invalid when the position is closed or the size of the position is 0.
three) What is the relation between take turn a profit and finish loss?
A. On the 1 hand, the 2 are compatible. If users set up Take Turn a profit & Stop Loss when placing orders, it is still possible to set up Take Profit & Stop Loss in their positions.
B. On the other hand, the two are independent. When take profit or stop loss of the same position is triggered, the other will automatically be invalid.
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Source: https://www.kucoin.com/news/en-how-to-set-take-profit-and-stop-loss-when-placing-an-order-in-kucoin-futures-on-the-website
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