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New: Set Stop Loss and Take Profit at order entry
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After listening to feedback from our valued traders, we’ve added additional options to our margin trading product to help you take full control of your trading positions. From today, you’ll be able to set your Stop Loss and Take Profit prices during the order creation process, before your position is even live.
Why is this good for traders?
This added flexibility can help traders more effectively hedge, manage risk and protect capital when trading with leverage on Liquid.
The updated order entry form is now available for both margin trading with up to 25x leverage and Liquid Infinity Bitcoin CFD trading with up to 100x leverage.
Until now, it was only possible to set your Stop Loss and Take Profit after opening a position. But we heard that our traders wanted more – so we got to work on building in these advanced order types.
How does it work?
Just enter the Take Profit and Stop Loss in the same form you use to open a position.
Simply choose the price at which you would be happy to close your position in profit, and if the price hits your target, a limit order will execute.
|Take Profit||Stop Loss|
|Simply choose the price at which you would be happy to close your position in profit, and if the price hits your target, a limit order will execute.||Enter the price at which you want to close your position if your trade doesn’t work out. A market order will trigger at your desired price.|
Enter the price at which you want to close your position if your trade doesn’t work out. A market order will trigger at your desired price, helping you minimize losses.
With this level of control, you’ll be fully prepared to react whichever way the market moves, even if it moves against you.
In the next few weeks, we’ll also add the ability to set Take Profit and Stop Loss by percentages, in addition to a fixed price.