Cryptocurrency Q&A
How to place SL in delta Exchange?
How to place SL in delta Exchange?
CryptoVanguard
Sat Oct 05 2024
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7 answers
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Could you please elaborate on the process of placing a stop-loss (SL) order on Delta Exchange? I'm particularly interested in understanding the steps involved, from navigating to the relevant section of the platform to confirming the order. Additionally, are there any specific considerations or best practices that traders should keep in mind when setting up an SL order on Delta Exchange? Your guidance would be invaluable in helping me optimize my trading strategy.
7 answers
Chiara
Mon Oct 07 2024
When placing a Stop-Limit order, it is crucial to define three key parameters: the Stop Price, the Order Quantity, and the Limit Price. These elements collectively determine the execution conditions of your trade.
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alexander_clark_designer
Mon Oct 07 2024
The Stop Price serves as the trigger point for your order. Once the market reaches this price, your order becomes active and ready for execution.
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Maria
Mon Oct 07 2024
The Order Quantity represents the amount of cryptocurrency you wish to buy or sell. This value should be carefully considered based on your trading strategy and risk tolerance.
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Nicola
Sun Oct 06 2024
The Limit Price, on the other hand, is the maximum or minimum price you are willing to accept for your order. It ensures that your trade executes within your desired price range.
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DongdaemunTrendsetterStyle
Sun Oct 06 2024
It's important to note that for Stop orders, only the Mark Price can be used as the Trigger Price. The Mark Price is a calculated price that takes into account both the bid and ask prices, providing a more accurate representation of the current market conditions.
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