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Author Topic: Setting Stop Loss and Take-Profit on Binance (same time)  (Read 101 times)
Jetheat (OP)
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April 09, 2020, 12:22:58 PM
 #1

I found that if I place a stop loss order, I can't really set a profit limit order at the same time because it holds your funds.

Is there a way around this on Binance?

JH
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April 09, 2020, 12:46:22 PM
 #2

I found that if I place a stop loss order, I can't really set a profit limit order at the same time because it holds your funds.
Did you set the first order (stop loss) at 100%? If you did, I think no exchange would allow you to set another order (limit) because it would appear that you are selling more than the coins you actually own. Maybe try 50-50 and see if Binance would allow you to do that.

Is there a way around this on Binance?
I don't really know. Maybe there are some software/app out there.
Jetheat (OP)
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April 09, 2020, 01:49:12 PM
 #3

Yeah, I did set 100% to be taken out. No point setting less (like 50/50), otherwise some of your position would carry on down.

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