How to set stop loss on Dubai OKX

To set a stop-loss order on Dubai OKX, navigate to the "Order" page, select "Limit Order," enter your order details, and configure the stop-loss price and amount before reviewing and confirming the order.

Oct 20, 2024 at 08:18 am

How to Set Stop Loss on Dubai OKX

Go to the 'Order' page.
- On the OKX homepage, go to the 'Market' tab and select your preferred trading pair.
- Click on the 'Trade' button to open the order form.
Select 'Limit Order'.
- Choose the 'Limit Order' tab from the three options (Limit, Market, and Stop Limit).
Enter the Order Details.
- Specify the amount you want to trade under 'Qty'.
- Enter the price at which you want to sell your order under 'Price'. This price should be lower than the current market price if you want to sell at a loss.
- Click on the 'Set stop loss' checkbox located just below the price field.
Configure the Stop Loss.
- Enter the price at which you want to 'Trigger' the stop loss. This price should be lower than the price you entered in the 'Price' field.
- Choose the amount or percentage of your order that you want to sell under 'Stop Loss'.
Review and Confirm.
- Verify the entered parameters, including the order amount, price, stop loss trigger price, and stop loss amount.
- Click on the 'Buy' or 'Sell' button to place the order.

Example:

Let's say you want to place a limit order to sell 1 BTC at $20,000 with a stop-loss triggered at $19,000 for 50% of the order.

Go to the 'Order' page for the BTC/USDT pair on OKX.
Select 'Limit Order'.
Enter the details:
- Qty: 1 BTC
- Price: $20,000
- Set stop loss: checkbox ticked
Configure the Stop Loss:
- Trigger: $19,000
- Stop Loss: 50%
Review and confirm the order and click 'Sell'.

Important Notes:

Stop loss orders are executed based on market conditions. They may not always be filled at the exact price you specify.
Monitor your stop loss orders regularly and adjust them if needed based on market fluctuations.
Use stop loss orders judiciously as they can limit potential profits if the market moves in your favor.

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