Dear OKX Users,
To improve your trading experience, OKX will optimize its Take Profit/Stop Loss (TP/SL) functionality for futures contracts starting June 19, 2023, at 4:30 PM (UTC+8).
Key upgrades include:
Upgrade 1: Real-Time TP/SL Order Modifications
- Adjust Any Parameter: Modify existing TP/SL orders anytime—update price levels, quantities, or other settings to align with market movements.
- Lock in Profits Flexibly: Seize favorable market conditions and secure gains dynamically.
- Enhanced Risk Management: Reset stop-loss levels to limit losses during volatility, protecting your capital.
- Portfolio Efficiency: Simultaneously adjust multiple orders to streamline strategies and adapt to shifting markets.
Upgrade 2: No Quantity Limits for Hedge-Mode TP/SL Orders
- Unrestricted Adjustments: OKX now removes size restrictions for TP/SL orders in hedge mode. Traders can freely increase or decrease order sizes based on strategy, market trends, and risk tolerance.
OKX remains committed to delivering superior products and services.
👉 Explore advanced trading tools
FAQ
Q: Can I modify TP/SL orders after placement?
A: Yes! Adjust price, quantity, or other parameters in real time.
Q: Are there quantity limits for hedge-mode TP/SL?
A: No—trade any size that fits your strategy.
Q: How does this update benefit risk management?
A: Dynamically reset stop-loss levels to mitigate losses during volatility.
Q: Will these changes apply to all futures contracts?
A: Yes, across OKX’s futures trading pairs.
👉 Start optimizing your trades today
OKX Team
June 19, 2023
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