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Gate.io > Help Center > Futures > Tutorial of Intermediate Contract Trading
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How to use the Stop Order Function (Web Version)
Gate.io
Updated at:57 days 9 hours ago
lv

Stop Order Liquidation:

When users cannot prompt attention to the market information, the Stop Order Liquidation can be realized by the preset trigger price, order price, and amount. When the latest market price ( settle price/ mark price/ index price ) reached the preset trigger price, the system will place the order according to the preset type, price, and amount of the order. img

There are two types of 'Stop Order Liquidation', position Stop Order, and trigger Stop Order:

1.Position Stop Order ( One-Side Position )

For example, A user is holding a 1000 Contract long position, average opening price of 47,965USDT. The user planned to close the position to take profit when the price rises at 50,000USDT or close the posit to stop loss when the price falls at 46,000USDT.

Steps:

1)Click '--/--' on the right side of the 'Position' list 2)Select the price type ( mark price / last price ) 3)Input '46,000' in the 'stop-loss' column; input '50,000' in the 'take-profit column 4)Click 'Confirm' img

Operations:

1)Input the price for Take-Profit 2)Input the price for Stop-Loss 3)Click 'Confirm'

Before the stop order is triggered, all placed orders will be displayed at 'Stop Orders'; once triggered, the orders which are not immediately settled will be displayed at 'My Orders'. To look up order details, the order will be marked as 'reduce only. You can withdraw the order by clicking 'Cancel'. img

2.Trigger Stop Order ( One-Side Position )

For example, A user is holding a 1000 Contract long position, average opening price of 47,965USDT. The user planned to close the position to take profit when the price rises at 50,000USDT or close the posit to stop loss when the price falls at 46,000USDT. Steps: 1)Click ' Triggered Stop Order ' on the right side of the 'Position' list 2)Select the triggered price type ( mark price / last price ) 3)Input the order price in the 'limit/market price' column. Input '46,000' in the 'stop-loss' column; input '50,000' in the 'take-profit column 4)Input the amount of position you want to reduce/close (you can also select 25%, 50%, 75%, and 100% directly) 5)Click 'Confirm' img

Operations:

1)Select from Mark Price and Last Price, and input the trigger price 2)Select from Limit Price and Market Price, and input the order price 3)Select the amount for reducing and liquidation 4)Click 'Confirm'

Before the stop order is triggered, all placed orders will be displayed at 'Stop Orders'; once triggered, the orders which are not immediately settled will be displayed at 'My Orders'. To look up order details, the order will be marked as 'reduce only. You can withdraw the order by clicking 'Cancel'. img

3.Two-Side Position

The operations are the same as the One-Side Stop Order settings

Note:

1)You can set take-profit or stop-loss separately, or set up both altogether. 2)The position will be liquidated at the market price once the preset mark price and last price of stop-order reached the triggered price. 3)Stop orders can only be closed by default instead of reduced; after liquidation, the stop order will be withdrawn automatically. You can set the number of orders for trigger stop orders and reduce the positions. 4)If limit order, position stop order, and trigger stop order are set at the same time, the others will be withdrawn when any one of the orders is settled, and the other orders will be displayed as ' the current position is empty '. 5)You can place an inverse order when an order is displayed as 'reduce only'. 6)No margin is required when there is only one liquidation order with the same amount of positions. If you want to place an inverse order with an existing liquidation order or inverse order, then the margin is required. 7)No contract account balance will be locked up as a margin before the stop order is triggered. Only when the order is triggered and placed according to the preset price and amount, the balance will be used as a margin. Therefore, there will not be an alert for insufficient balance when you set a stop order so that users will need to verify it. Otherwise, the limit price order or market price order might fail due to the insufficiency of the account balance.

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