Binance FUTURE. Secret function
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Note✅
Guys I'm a experience trader,bullish go spot tradings,and bearish go to future! (short)
Binance FUTURE. Secret function
Specialy for new users.❤️🎁
Binance Futures offers a variety of advanced order types in the Limit section to help traders implement complex strategies. Here's an overview of these features:
1. Conditional Orders
What it is: A conditional order is triggered only when a specific condition (trigger price) is met.
Use Case: Ideal for setting stop-loss or take-profit levels in advance.
How to Use:
1. Set a Trigger Price.
2. Specify the Order Price and Quantity.
3. The order will only be placed in the order book when the trigger price is reached.
2. Trailing Stop Orders
What it is: A trailing stop order automatically adjusts the stop price as the market price moves in your favor.
Use Case: Useful for locking in profits while allowing trades to continue benefiting from favorable market movements.
How to Use:
1. Set the Activation Price (starting point for the trail).
2. Choose the Callback Rate (percentage or fixed value to trail behind the market price).
3. If the market price reverses by the callback rate, the order is executed.
3. TWAP (Time-Weighted Average Price)
What it is: TWAP spreads your order execution over a specified time period to achieve an average execution price.
Use Case: Minimizes market impact and ensures better execution prices for large orders.
How to Use:
1. Set the Total Order Quantity.
2. Define the Time Interval for order splitting.
3. Orders are placed incrementally over time.
4. Scaled Orders
What it is: Automatically divides a large order into smaller, evenly distributed orders at varying price levels.
Use Case: Helps with managing risk and providing liquidity at different price points.
How to Use:
1. Set the Start Price and End Price (price range for order distribution).
2. Choose the Number of Orders and specify the Total Quantity.
3. The system calculates the price and quantity for each order.
Advantages of These Functions:
Risk Management: Conditional and trailing stop orders help you manage risks effectively.
Execution Optimization: TWAP and scaled orders reduce slippage and market impact.
Automation: Allows for less manual monitoring and greater precision in execution.
Note✅
Make sure to understand the mechanics of each function thoroughly before using them to avoid unintended execution or losses. Always test with smaller positions when experimenting with these advanced features!
