MultiversX Tracker is Live!

Risk management in futures: Set TP/SL by a certain percentage?

Binance

Cryptocoins Exchanges / Binance 315 Views

Hi everyone. I was wondering if there was a way (not using calculator) to make binance future orders set a TP/SL at a determined percentage level.

NinjaTrader has a predefined tool that sets TP/SL according to a predefined ratio and sets them inmediately after placing an order (Read here). In binance you are practically forced to mess around with numbers every time you want to trade, which results cumbersome for us that like to trade in very short timeframes (scalping).

Any ideas on how to speed up the TP/SL set process?

I tried using the long/short tool as it has risk/reward ratio feedback, but unfortunately, the tool never stays at the same levels when you create more than one or zoom in/out a little. That throws the previously set box sizes (based on percentages) and renders it useless.

submitted by /u/Nattramn
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments